New contract for Maersk Venturer
Maersk Drilling receives Conditional Letter of Award from Tullow Oil.
A new Conditional Letter of Award has been granted to Maersk Drilling’s Venturer, by Tullow Ghana Ltd. Venturer is an ultra-deep-water drilling ship and will work the Jubilee and TEN fields offshore of Ghana.
The duration of the contract is four years, with expected commencement in the second quarter of 2021. Its estimated value is USD 370m and the operation will be supported by local partner Ringwood. The final contract is conditional upon certain conditions being met and Maersk will publish an announcement upon conclusion of the final contract.
CEO of Maersk Drilling, Jørn Madsen, said: “We’re delighted to get this opportunity to secure a long-term contract for Maersk Venturer, as Tullow once again shows confidence in Maersk Drilling’s ability to deliver stable and highly efficient operations to their major development projects in Ghana. This also means that we will be able to continue our work with the Ghanaian community and local suppliers who have previously contributed to our West African operations.”
Maersk Venturer is a high-spec 7th generation drillship delivered in 2014 and is currently warm stacked in Las Palmas, Spain, after completing a campaign for Tullow in 2020.
