Maersk Drilling has announced the award of a multi-million exploration deal with Hungarian firm MOL in the Southern North Sea.
The Copenhagen-headquartered firm has agreed the one-well deal for the ultra-harsh environment jack-up rig, the Maersk Interceptor.
The deal is understood to have a value of more than £12.8 million.
Maersk Driiling said work is expected to commence in August 2020 and should run for 60 days.
Morten Kelstrup, chief operating officer of Maersk Drilling, said: “We are happy to be working together with MOL on this exploration campaign with exciting prospects.
“Our XLE rigs have an excellent track record of delivering high-efficiency drilling on the Norwegian Continental Shelf, and we expect to build on this in our first direct collaboration with MOL.”
MOL Group confirmed last it will buy up Chevron’s mid-stream interests in Azerbaijan for more than £1.2 billion.
Last month,Maersk Drilling announced it had won a £6.2 million contract with Serica Energy for a development well at the Columbus field in the central North Sea.
Work is expected to begin in the fourth quarter of 2020, with an estimated duration of 70 days.
The firm employs around 2,850 people.