Petrogas amends drilling contract for work offshore the Netherlands

Sept. 15, 2022
Petrogas E&P will drill three wells at A15 field and two wells at B10 field, offshore the Netherlands, after amending a contract with Maersk Drilling for the Maersk Resolute jack up rig.

Petrogas E&P will drill three wells at A15 field and two wells at B10 field, offshore the Netherlands, after amending a contract with Maersk Drilling for the Maersk Resolute jack up rig.

The contract is expected to begin in first-quarter 2024, in direct continuation of the rig’s previous work scope, with an estimated duration of 188 days.

The minimum contract value is about $24.3 million, with provisions included to potentially increase the day rate depending on market conditions. The drilling contract contains an additional one-well option.

Maersk Resolute was delivered in 2008. It is currently employed to plug and abandon 31 wells in the Dutch sector of the North Sea in support of a rig sharing agreement between TotalEnergies EP Nederland BV and Petrogas E&P Netherlands BV.