Maersk Gets Extension from Hess for Resolute Rig

Denmark's Maersk Drilling reported Monday that it has received an estimated $75-million extension to its contract with Hess Corporation for the Maersk Resolute (350' ILC) rig.

The Resolute has been drilling for Hess in the North Sea and the extension is for an additional four wells that have an estimated duration of around 90 days each.

The current seven-well program is expected to end by April 2015, so the contract has been extended to April 2016 in order to make time to drill the additional four wells.

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