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Maersk Drilling enters alliance with Aker BP

Several of the North Sea's largest oil and drilling companies are joining forces, but only via framework agreements aimed at reducing costs.

From left: Jørn Madsen (Maersk Drilling), Joe D. Rainey (Halliburton), Karl Johnny Hersvik (Aker BP), Simen Lieungh (Odfjell Drilling) | Photo: Aker BP

Maersk Drilling has entered an "alliance deal" with Aker BP for jackup rigs. The three-party alliance also includes oil service company Halliburton, and aims to bring down costs per barrel of oil for the Norwegian/UK oil company, reports Maersk Drilling in a press release.

"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 press statement.

The parties have entered a five-year framework agreement with the possibility of a further five-year extension. Via closer cooperation, the deal will make it possible to both increase efficiency and make it possible to create a higher degree of standardization and simplify processes.

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