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.