Maersk Drilling has entered into a jack-up alliance agreement with Aker BP ASA (Aker BP). The alliance is founded on a unique tripartite collaboration model that also includes service provider Halliburton. The alliance aims at lowering the cost per barrel for Aker BP and increasing profitability for the alliance partners.

The framework agreement is five years firm with the option to extend for a further five years and will be based on an integrated well delivery model with aligned incentives. The new alliance approach focuses on increasing collaboration efficiency and enabling standardization and simplification of processes, ultimately shortening the lead time from discovery to first oil.

“Maersk Drilling is fully committed to reducing well costs for our customers and we see great potential in a deeper collaboration across the industry to eliminate inefficiencies and create joint value. The partnership with Aker BP is a prime example of this”, says Jørn Madsen, CEO of Maersk Drilling.

In the alliance, Maersk Drilling will utilize its high performance jack-ups as a platform to implement digital solutions which will improve drilling efficiency and lower the total well cost.

“With this alliance, we are leveraging our collective experience and capabilities to reduce waste across the value chain. We look forward to working closer together with both Halliburton and Aker BP on this exciting journey,” says Jørn Madsen, CEO of Maersk Drilling.

The process of improving performance through deeper collaboration will commence immediately.