The Culzean project
- Approved by the UK Oil and Gas Authority in August 2015, Culzean is located about 240 kilometres off Aberdeen and is expected to produce enough gas to meet 5% of total UK demand at peak production in 2020/21
- Its forecast plateau production is 300-450 million standard cubic feet per day, giving Maersk Oil equity production of 30,000-45,000 boepd
With her 167-metre legs and drill tower reflected in the water of Scotland’s Cromarty Firth, the Maersk Highlander rig marks an important milestone in the development of the Culzean project.
Maersk Highlander, a newbuild acquired by Maersk Drilling from a subsidiary of Hercules Offshore earlier this year, received her name this week from Lady Sponsor Gretchen Watkins, Maersk Oil’s Chief Operating Officer.
“The Maersk Highlander rig is a great example of how Maersk Group companies have been able to work together to capture value and ensure project execution remains on track,” said Maersk Oil COO Gretchen Watkins, who was Lady Sponsor of the rig.
The rig is now ready to start drilling wells on the Maersk Oil-operated high pressure, high temperature (HPHT) field in the UK North Sea, with a five-year contract valued at approx. USD 420m, including a mobilization fee of USD 9m.