In a ceremony held at the Keppel FELS shipyard in Singapore, Karen Tiffen, wife of Martin Tiffen, managing director of Total E&P Norge, named the ultra-harsh environment jack-up rig ‘Maersk Intrepid’ in the presence of the guest of honour Lui Tuck Yew, Minister for Transport in Singapore.
Maersk Intrepid is the first in a series of four ultra-harsh environment jack-up rigs to enter Maersk Drilling’s rig fleet. The four jack-up rigs represent a total investment of USD 2.6B. The first three jack-up rigs, including Maersk Intrepid, are scheduled to be delivered from the Keppel FELS shipyard in 2014-2015, and the fourth is to be delivered from the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea in 2016.
Maersk Intrepid will mobilise to the North Sea and commence a four-year firm contract with Total E&P Norge for drilling demanding and complex wells on the Martin Linge field development in the Norwegian North Sea. The contract includes four one-year options. The estimated contract value for the firm contract is USD 550M.