Naming of the World’s Biggest Jack-up Drilling Rig
The last of Maersk Drilling’s four XLE jack-ups, the largest jack-up drilling rig in the world, was recently named Maersk Invincible at the DSME shipyard in Okpo, South Korea. The naming of the world’s largest jack-up drilling rig was celebrated with a bottle of champagne and a shower of streamers and confetti released from a giant ball, covering the guests, including Group Vice CEO Claus V. Hemmingsen. Bente Norheim, wife of Jan Norheim, Managing Director of client BP Norge, honoured Maersk Drilling by naming the rig Maersk Invincible.
Maersk Invincible is the fourth and final rig in a series of four ultra-harsh-environment jack-up rigs to enter Maersk Drilling’s fleet. The four jack-up rigs represent a total investment of EUR 2.4 billion. The first three jack-up rigs have already been delivered from the Keppel FELS shipyard, while the Maersk Invincible will be delivered from DSME later in 2016.
After delivery from the yard, Maersk Invincible will mobilise to the North Sea and commence a five-year fixed contract with BP Norge for plug and abandonment work on the Valhalla field in the Norwegian North Sea. The estimated contract value for the fixed contract is EUR 740 million, including mobilisation from South Korea to Norway, but excluding cost escalation.