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.
New Gulf of Mexico discovery by LLOG in the Mississippi Canyon Block 503 plus several Appalachian Basin completions including three Marcellus Shale discoveries from Chesapeake Energy top this week’s drilling activity highlights from around the world.
January 2021: Mississippi Canyon Block 503 discovery: 2,930 bbl of oil, 8.64 MMcf of gas per day
The Scoop and Stack plays are still in the money but only with improved well spacing and effective management of frac-driven interactions.