Tullow taps Maersk Venturer for long-term Ghana campaign 2/4/2021
Maersk Venturer
COPENHAGEN - Maersk Drilling has received a conditional letter of award from Tullow Ghana Ltd. for the provision of the ultra-deepwater drillship
Maersk Venturer and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana.
The duration of the final contract is around four years with expected commencement in Q2 2021. The estimated value of the final contract is approx. USD $370 million, excluding the value of the additional services provided and performance bonuses. The operation will be supported by local partner Rigworld.
The final contract has a progressive day rate structure for the full duration of the contract. However, after the initial period of 18 months, the contract has a provision to shift to a market-linked day rate structure.
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Maersk Drilling has received a conditional letter of award (“CLOA”) from Tullow Ghana Ltd. (“Tullow”) for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana.
The duration of the final contract is around four years with expected commencement in Q2 2021. The estimated value of the final contract is approx. USD 370 million, excluding the value of the additional services provided and performance bonuses. The operation will be supported by local partner Rigworld.
The final contract has a progressive day rate structure for the full duration of the contract. However, after the initial period of 18 months, the contract has a provision to shift to a market-linked day rate structure.
Tullow tips Maersk Drilling for Ghana return
Tullow Oil has chosen Maersk Drilling to provide an ultra-deepwater drillship for work on the TEN and Jubilee fields, offshore Ghana.
Updated: 04/02/2021, 9:34 am
Maersk Valiant and Maersk Venturer
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Tullow Oil has chosen Maersk Drilling to provide an ultra-deepwater drillship for work on the TEN and Jubilee fields, offshore Ghana.
Maersk Drilling said it had received a conditional letter of award from Tullow Ghana for the Maersk Venturer. Ghana’s Rigworld will support Maersk Drilling.