November 21, 2017 / 6:53 AM / a year ago

UPDATE 1-Aker BP in rig, well deals with Maersk, Odfjell, Halliburton‍​

(Adds cost cuts, digital efforts)

Nov 21 (Reuters) - Norwegian oil firm Aker BP ASA said on Tuesday:

* Entered into separate agreements with Maersk Drilling and Halliburton for jack-up drilling rigs, and with Odfjell Drilling and Halliburton for semi-submersible drilling rigs

* The framework agreements are five years firm with the option to extend for five years

* The intent is that the Drilling & Wells alliances will plan and execute sanctioned production and exploration drilling activities by using an integrated well delivery model

* Halliburton will provide Aker BP’s well construction activities performed from either a Jack-Up (Maersk) or Semi-submersible (Odfjell) drilling unit, provided the model is approved in the respective licenses

* Both alliances 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 increase the productivity, quality, flow- and time efficiency throughout the value chain. Strategic alliance relationships are an integral part of this strategy

* Says digital solutions are key to the deals, will help improve drilling efficiency, cut costs‍​ Source text for Eikon: Further company coverage: (Reporting by Terje Solsvik, editing by Joachim Dagenborg)

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