Equinor Energy AS exercised an option to add well intervention work at Martin Linge field offshore Norway to the previously agreed work scope for the ultra-harsh environment jack up rig Maersk Intrepid.
Equinor Energy AS exercised an option to add well intervention work at Martin Linge field offshore Norway to the previously agreed work scope for the ultra-harsh environment jack up rig Maersk Intrepid.
The well intervention scope has an estimated duration of 29 days. The firm value of the contract extension is about $9.9 million, including integrated services but excluding potential performance bonuses.
The contract extension is entered under the Master Framework Agreement between Equinor and Maersk Drilling, in which the parties have committed to collaborate on technology advancements and further initiatives to limit greenhouse gas emissions (OGJ Online, Feb. 11, 2021). The contract with Equinor Energy AS contains a performance bonus scheme based on rewarding reduced CO2 and NOx emissions.
Equinor is operator at Martin Linge (70%) with partner Petoro AS holding the remaining 30%.
