Through the partnership, Maersk Drilling is responsible for providing fully integrated drilling services, including provision of drilling rigs and all related services for a global offshore oil and gas exploration program.

Petrofac will be responsible for well management services, and Halliburton will deliver integrated well services throughout the duration of the program.

The COO of Maersk Drilling, Morten Kelstrup said that the program

breaks new ground in the industry by using a fully integrated service delivery model aimed at eliminating inefficiencies by aligning incentives and removing complexity across the entire value chain.

The COO added that “Halliburton and Petrofac bring strong operational expertise and decades of experience in delivering and integrating oilfield services, which will further contribute to the ability to mitigate the operator cost risk associated with exploration drilling whilst we foster new ways of collaborating across the supply chain.”

On their part, Steve Haden, Senior Vice President of Halliburton Project Management said that “this collaborative model aligns with and leverages Halliburton’s proven integration approach that creates value for our global customers both on- and offshore.”

Further to thus, the Seapulse portfolio spans shallow water and deep-water wells in several regions; two wells in the UK North Sea have previously been announced as part of the workscope which is expected to start drilling in the second half of 2020.

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A tailor-made process covering all phases in the end-to-end delivery of a well has been developed in order to maximize efficiency and remove waste through a novel approach to collaboration in the industry.

CEO and co-founder of Seapulse, Scott Aitken, highlighted that “the Seapulse business model leverages Maersk Drilling’s partnerships’ technological and operational expertise to drill and test a statistically relevant exploration portfolio of a scale normally only associated with major oil companies.”

Recently, Maersk Drilling and Aker BP collaborated by signing a $10.9m well-secured contract, in order to extent the harsh environment jack up rig, Maersk Integrator. In order to achieve that, the jack-up first needs intense upgrades, as to be turned into a hybrid rig for low emission drilling.

In February, A.P. Møller - Maersk said that it was moving forward with the demerger and separate listing of Maersk Drilling Holding, as the company aspires to focus on shipping and trade. The decision was made official in August 2018. The shares from the demerger will be contributed to a new company under the legal name 'The Drilling Company of 1972 S/A'. The company was to be known as 'Maersk Drilling Listco'.