Aker BP ASA said Nov. 21 it has entered agreements to form two, separate drilling and well alliances with Maersk Drilling and Halliburton (NYSE: HAL) for jackup drilling rigs, and with Odfjell Drilling and Halliburton for semisubmersible drilling rigs.
The framework agreements are five-years firm with the option to extend for another five years. Aker BP said the intent is that the alliances will plan and execute sanctioned production and exploration drilling activities by using an integrated well delivery model.
As part of the agreements, Halliburton will provide Aker BP’s well construction activities performed from either a jackup (Maersk) or semisubmersible (Odfjell) drilling unit, provided the model is approved in the respective licenses.
The Norwegian oil firm said that both alliances were formed under "one for all, all for one" collaboration model where the partners align around common goals to drive continuous improvement and create greater value for all.
Aker BP is committed to increasing the productivity, quality, flow- and time efficiency throughout the value chain. Strategic alliance relationships are an integral part of this strategy, according to the company release.
The company added that digital solutions are key to the deals and will also help improve drilling efficiency and cut costs.
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