TotalEnergies Extends Maersk Drilling Rig Charter in Suriname
French energy giant TotalEnergies has exercised an option for the extended use of one of Maersk Drilling's offshore drilling rigs in Suriname.
TotalEnergies, which became the operator of the prolific
Block 58 in January where it has in the past year with partner Apache struck
several oil discoveries, has now added one additional appraisal well to the
scope of Maersk Drilling's Maersk Developer drilling rig.
The Mærsk Developer drilling unit is a DSS-21
column-stabilized dynamically positioned semi-submersible rig, able to operate
in water depths up to 10,000 ft.
The contract extension will see the 2009-built
semi-submersible drilling rig staying with TotalEnergies for a minimum of 40
more days. At this project, the rig commands a dayrate of $200,000.
The work under the extension is expected to start in
September 2021 in direct continuation of the rig’s current work scope.
The Maersk Developer will next year leave Suriname and move
to Brazil, to drill for Karoon Energy at its Bauna and Patola projects. The
$265,000 per day contract will start in April 2022 and last until October of
the same year. The day rate includes mobilization fee
Maersk Drilling on Friday released 2Q financial results. The
company's revenue grew sequentially to $350 million from $264 million in the
first quarter of the year.
Contracted days were 1,520, up from 1,199 in 2Q resulting in
the rig utilization of 80% in the second quarter versus 61% in the first
quarter. Average day rate rose from $230,0000 from $220,000 in the 1Q 2021.
During the quarter, Maersk Drilling secured contracts with a
total contract value of $129 million, down from $730 million secured in the
first quarter. Also, Maersk Drilling in the second quarter agreed to sell its
Mærsk Inspirer drilling and production unit, on contract with Repsol at Yme
offshore field in Norway, to Havila Sirius for $373 million.
Maersk Drilling on Thursday upgraded its financial guidance
for the 2021 EBITDA before special items to $290-330 million, from the previous
guidance of $260-310 million, based on better than expected floater
performance.
"Maersk Drilling continues to demonstrate strong
operational performance. Particularly,
the four deepwater floaters reactivated during Q1 and Q2 2021 have, since contract commencements,
continued to outperform original operational expectations in terms of higher
financial uptime and lower costs" the company said.
"The new guidance range reflects ordinary operational
uncertainties, including general rig performance, mobilization for and
commencement of new contracts, and uncertainties regarding the exercise of
options and contract extensions for execution in 2021," the company said.
The guidance for 2021 capital expenditures is lowered to
$110-130 million, from the previous guidance of $120-140 million, reflecting
optimization of maintenance and project costs.
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