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SHORT NEWSNewsletter – December 2012 Newsletter – December 2012SHORT NEWSShort newsDisappointing thirdquarter resultThe third quarter interimresults came out in Novemberrevealing a profit ofUSD 87 million comparedto USD 139 million in thethird quarter of 2011. “Thestart-up issues materialisingin the second and thirdquarter are hampering ourresult for 2012, which isobviously not satisfying,”said Maersk Drilling CEOClaus V. Hemmingsen. Thesafety performance hasworsened, leaving the LTIFat 1.16 per million workinghours compared to 0.49 permillion working hours lastyear. “I am concerned withthe latest development inour safety performance. It issimply far from satisfactoryand we want to get back intop of the class,” said CEOClaus V. Hemmingsen.Close customer dialoguepaid offMaersk Drilling aims to buildcloser relations with keycustomers to know theirneeds and become the drillingcontractor of choice. Thecontract finalised in July forthe first XLE jack-up underconstruction is an exampleof what close customerrelations can lead to. In thiscase there had been talksbetween Total Norway andMaersk Drilling about the potentialdevelopment of theMartin Linge field for manyyears, and the conclusionwas that the field’s waterdepth combined with itscomplex reservoir structurewould need a capable andhighly advanced drilling rig.“My notes from our talksdate back to March 2000. Soyes, you can argue that ourdialogue for this contractstarted more than ten yearsago,” says Erik Schou, seniordirector for the NorwegianJack-up Section, with morethan 20 years experience.Maersk Drilling isgrowing on social mediasitesMaersk Drilling is steppingup its presence on socialmedia sites. In June, a Facebooksite was launched andin November the site hadreached more than 17,000likes. In October we enteredLinkedIn, a social networkingwebsite mainly used forprofessional networking.The purpose is to find andattract new employeesalong with building a MaerskDrilling community that iseasily accessible no matterwhere you are stationed inthe world, and where youcan grow your network,share experiences andstay connected to your colleagues.See more https://www.facebook.com/MaerskDrillingSee more http://www.linkedin.com/company/maersk--drillingMaersk Drilling VicePresident awarded forlifetime achievementIn November Maersk DrillingVice President GregersKudsk received the prestigious2012 IADC Contractorof the Year Award. Theannual award is given to recognisean individual lifetimeachievement in technicalinnovation, safety and economicefficiency within thedrilling industry. The awardis reserved exclusively fordrilling contractors and allrecipients are nominatedand selected by other drillingcontractors. With theaward National Oilwell Varcomade a donation on GregersKudsk’s behalf to a universityof his choice. GregersKudsk decided to give thescholarship to the Centrefor Offshore FoundationSystems at The University ofWestern Australia in Perth,which conducts researchwithin the field of jack-upfoundations and has beenan active participant in thedevelopment of the ISOstandard for jack-up rigs.Contract for seconddrillship signedIn October Maersk Drillingsigned a contract withConocoPhillips Companyand Marathon OilCompany for the secondultra-deepwater drillshipin a series of four identicaldrillships currently underconstruction. The drillshipwill be employed by ConocoPhillipsand Marathon Oilfor their respective drillingprogrammes in the US Gulfof Mexico. Estimated totalcontract value is USD 694million including mobilisation,but excluding costescalation compensation.The contract duration isthree years, with optionsfor up to an additional twoyears, and commencementof operations is expectedby mid-2014 upon deliveryfrom Samsung HeavyIndustries in South Korea,mobilisation to the US Gulfof Mexico and acceptancetesting.New safety e-learningis outDue to a new managementsystem, the former HSSEe-learning programme isoutdated and a new versionis now being rolled out toall onshore and offshorelocations to support astrong safety culture. Thenew HSSE e-learning coversworking environment, safetymanagement, security andenvironment, and presentsmajor changes to the existingprogramme. Amongother changes, visiting a rigwill now require a passedtest and the certificatewill expire after two years.Recertification will bemanaged by the local HRtraining administrators, whowill inform personnel aboutexpired certificates. Therollout for recertification willbe done unit by unit. A totalof 80% of all rigs is expectedto have been reached byFebruary 2013.Crew got time off to votein AngolaMaersk Drilling decidedto support the secondelections in Angola sincethe long-lasting civil warended in 2002, and let localworkforce leave their workstations in order to voteon 31 August. Personneltransfer commenced atfirst daylight, and withinless than two hours thecrew on Mærsk Deliverershrunk from 167 to 100.All local crew memberswere on their way to Portof Cabinda. Some of themwould stop there and vote,some would continue totravel to far away provinceslike Benguela or to thecapital Luanda. Before theexodus, the well was madesafe and necessary safetyand logistic precautionstook place. Extra cateringstaff flew from Namibia toprovide services for thosewho stayed on board.Wedding triggeredhighly efficient yard stayPrior to Maersk Completer’syard stay in September, theplan was to complete alldrilling activities on BruneiShell Petroleum’s platformand move the rig to thenearby island of Labuan.However, the Brunei RoyalFamily sent an instruction tomake sure there would be nointerruptions to Brunei’s gassupply during the weekendas a royal wedding would betaking place. To move therig it would be necessaryto shut down productionon the platform whichproduces most of the gasgenerating electricity forBrunei. “Although it interruptedour plan, you maysay that the royal weddingwas an unintentional assistance,as it enabled us tocommence some of the yardstay projects while still onday rate,” says rig managerEddie Fitzgerald. The delayended up triggering a highlyefficient yard stay with only7.5 days on zero rate comparedto 23 days forecast.20 Maersk DrillingMaersk Drilling21