Maersk Drilling has received a conditional letter of award (CLOA) on Nov. 23 from Total E&P Suriname, Suriname Branch for the supply of two deepwater rigs, Mærsk Developer and Maersk Valiant, for an exploration and appraisal project in Suriname’s Block 58.
The campaign is expected to commence in early 2021, with an estimated firm combined duration of 500 days. The estimated firm total contract value is approximately $100 million, including rig upgrades and integrated services provided.
The CLOA is conditional upon finalization of the formal contract as well as certain other customary conditions. Maersk Drilling will provide an update upon conclusion of a formal contract.
“We’re delighted to get this opportunity to add further to our long-standing relationship with Total through a two-rig contract, building on our previous collaboration on deepwater exploration projects and on Maersk Drilling’s recent experience with starting up operations in Suriname for Mærsk Developer,” Morten Kelstrup, COO of Maersk Drilling, said.
The disappointment at Hassa-1 comes after Exxon said in November its crude discovery at the Tanager-1 well in the Kaieteur block was not financially viable on its own.
In a separate statement, TNOG owner Heirs Holdings said it had taken a 45% stake in the field, acquiring the stakes of Shell, Total and Eni.
The oil and gas rig count rose 13 to 373 in the week to Jan. 15, its highest since May, according to Baker Hughes Co.