"We are very pleased with the contract extension from BP Norway. Together with the five-year firm contract for a newbuild jackup announced in September 2013, we see the contract extension for Maersk Reacher as a further strengthening of our relationship with BP. The contract extension adds US $222 million to our revenue backlog providing a high revenue visibility and a solid basis for our ambitious growth strategy," said Claus V. Hemmingsen, CEO of Maersk Drilling and member of the executive board of the A.P. Moller – Maersk Group.