Maersk Drilling states it has actually been granted a 150-day agreement expansion by ExxonMobil for the ultra-deepwater drillship Maersk Viking at a substantially reduced day price contrasted to the initial lasting agreement.

The business stated the approximated worth of the agreement expansion is $22.5 million, which represents a day price of around $150,000 each day.

Maersk Viking has actually been running under a 3-year agreement with ExxonMobil on the Julia area in the united state Gulf of Mexico because its distribution from the Samsung Heavy Industries (SHI) shipyard in 2014 when the rate of petroleum was still over $100 per barrel. The initial worth of the agreement was approximated to be around $610 million, producing a day price of simply over $550,000.

The initial agreement was set up to finish in July 2017. With the expansion, Maersk Viking will certainly currently function for ExxonMobil up until December 2017.

“I’m truly pleased on behalf of the crew on board the Maersk Viking and the entire organisation that we have been able to secure an extension of the contract with ExxonMobil. We look forward to continuing our collaboration with customers through a difficult period for the entire industry,” states Michael Reimer Mortensen, Vice President and also Head of Global Sales in Maersk Drilling.

Speaking to the lowered day price, Mortensen included:

“It is evident that we are now looking at a day rate much lower than the original contract, reflecting the current market situation. However, Maersk Drilling has significantly lowered cost levels across the fleet in the past years, enabling us to operate just as efficiently in this new environment. Our first priority is to add value to our customers and their operations, and we will work closely with them to ensure the delivery of safe and efficient operations.”

Maersk Viking was the initial in a collection of 4 ultra-deepwater drillships to get in Maersk Drilling’s fleet in 2014. Today, Maersk Drilling’s fleet counts 24 exploration gears consisting of drillships, deepwater semi-submersibles, and also premium jack-up gears.