Ivar Aasen drilling rig to work through 2019

Offshore staff

TRONDHEIM, Norway – Det norske oljeselskap has extended Maersk Drilling’s contract for lease of the XL Enhanced 2 to five years.

The rig, under construction in Singapore, will now drill wells for the Ivar Aasen development in the central Norwegian North Sea from 2014-2019.    

Total value to Maersk over the five-year period is more than $694 million.

Ivar Aasen is estimated to contain 150 MMboe, and is due to deliver first oil in late 2016. Norway’s parliament approved the project in March.

6/12/2013

Ivar Aasen
(Photo courtesy Det norske)

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