Ensco Offshore News

Harvey Gulf International Marine’s parent, HGIM Corp., has announced the appointment of a new Board of Directors to serve following the company’s emergence from Chapter 11 proceedings.The seven member Board includes two current members remaining on the Board and five new members, each with expertise in individual areas particularly suited to support the company’s operation and development and collectively, creating a leadership platform that will enable Harvey Gulf to adjust and thrive in an ever-changing market. Shane Guidry. Mr. Guidry remains the Chairman of the Board and Chief Executive Officer for HGIM Corp. Mr. Guidry is the third generation in his family to lead Harvey Gulf. Mr.

Keppel Offshore & Marine Ltd (Keppel O&M) has secured a total of S$172 million worth of contracts through its wholly owned subsidiaries, Keppel Singmarine Ltd and AMFELS in USA. Keppel Singmarine, a specialized shipbuilder, will build four Anchor Handling Tug/ Supply (AHTS) vessels for European based company, Groupe Bourbon and four harbor tugs for Keppel Smit Towage. Deliveries of the eight vessels are slated progressively between the third quarter of 2004 and first quarter 2006.

million from repeat customers. The $23 million contracts for the upgrading and repair of jack-ups, Ensco 51 and Ensco 54 are from ENSCO Offshore Company (ENSCO), with whom Keppel has built two jack-ups in the last four years and carried out numerous repairs. Middle-Eastern client. ENSCO for repairs and new construction. ability to respond swiftly to their needs and to help them solve complex problems in good time. contracts between the two companies. contractors in the world. months. Both vessels are repaired in Singapore and will be re-deployed in the Asia Pacific region. construction and delivery of two gas compression modules for Dresser Rand. vessel which was completed one month ahead of schedule. quarter of 2003. capacity of a safety vessel for offshore drilling and workover rigs.

ENSCO Offshore was awarded the U.S. Department of the Interior's Minerals Management Service 2000 Safety Award for Excellence in the drilling contractor category. The award was presented to ENSCO by Gale A. Norton, Secretary of the Interior. In addition to receiving the national award this year, ENSCO Offshore Company also received two regional awards for its Gulf of Mexico operations. The MMS Lafayette District awarded ENSCO the SAFE Award in the local district drilling contractor category, and the New Orleans District awarded ENSCO and Texaco, jointly, a SAFE award for the operation of ENSCO 25 on Texaco's Petronius platform. Carl Thorne…

Keppel FELS Limited (Keppel FELS) has transferred its entire 75% interest in ENSCO Enterprises Ltd II (JVC) to ENSCO Offshore International Company (ENSCO) for a cash consideration of US$80 million. The JVC is part of an alliance agreement with ENSCO to build, own and operate a jackup rig, ENSCO 106, valued at around US$105 million. The agreement carries an option for ENSCO to purchase Keppel FELS' entire interest in the rig prior to or upon delivery. The consideration is based on the book value of Keppel FELS’ 75% interest in the JVC.

The Maritime Administration (MarAd) has approved the sale and transfer of three vessels under Section 9 of the Shipping Act, of 1916, as amended. MarAd has approved an application filed by ENSCO Offshore Company, of Dallas, Texas, for the transfer of the mobile offshore drilling unit ENDCO 93 Official No. 651385, to the Republic of Liberia registry and flag, without change in ownership of said vessel. MarAd has approved an application filed by Flota Pesquera Omaira, a Venezuelan citizen, for the sale and transfer of two barges: the DIA-1, Official No. 552263 and the DIA-1A, Official No. 569949. The transfer of said vessels is to Venezuelan registry and flag.

RigNet Inc., a privately held provider of managed communications services to the oil and gas industry, announced it has renewed its contract with ENSCO Offshore Company to provide voice and high-speed data services to ENSCO's fleet-wide drilling operations in the Gulf of Mexico. As part of this renewal, RigNet will now be the sole communications provider for ENSCO's Gulf of Mexico fleet, replacing Caprock Communications who had provided satellite communications. As part of the agreement with ENSCO, the RigNet communications solution will continue to be available on each of ENSCO's 19 rigs operating in this region. (Source: Houston Chronicle)

Keppel AmFELS has received a fifth order from Scorpion Offshore (Scorpion) for a jackup rig valued at $143 million. This contract is signed with Scorpion’s wholly-owned subsidiary, Scorpion Intrepid Ltd. All five jackup orders have been secured within nine months of Scorpion’s execution of the first construction contract in May 2005. Like Scorpion's other four jackups, the new rig will be a LeTourneau Super 116 design equipped with leg lengths of 477ft, and capable of drilling wells up to 30,000ft deep in water depths of 350ft. Scorpion’s latest rig is named Offshore Intrepid and is scheduled for delivery in the fourth quarter of 2008. The yard is also building two accommodation platforms for PEMEX and a sludge vessel for the City of New York.

Keppel FELS Limited (Keppel FELS) delivered ENSCO 107, a KFELS B Class design jackup drilling rig to ENSCO International Inc (ENSCO) one month ahead of contractual schedule and within budget. Guest-of-Honor, Mr. S. Dhanabalan, chairman of Temasek Holdings Pte Limited and Mr. Lim Chee Onn, executive chairman of Keppel Corporation Limited, were present to witness the christening ceremony, which came one day after Keppel FELS and ENSCO inked a new contract for the construction of a $338 million semisubmersible. The Lady Sponsor for ENSCO 107 was Mrs. Mieke Koenders, wife of Mr. Eisso Koenders, vice president of ENSCO Offshore International and unit manager for the Asia Pacific region.

Keppel Corporation Limited, through its offshore and marine units in Keppel Offshore & Marine Ltd (Keppel O&M), has clinched contracts worth a total of $41 million from repeat customers. Three contracts over $28 million are for the upgrades of jack-up rig Ensco 81 and barge drilling unit Ensco 1 from Ensco Offshore Company (ENSCO), and swamp barge Maera from PT Apexindo Pratama Duta, an Indonesian drilling contractor. Another contract is for a new Anchor Handling Tug/Supply (AHTS) vessel for Pacific Richfield Marine Pte Ltd, owner and operator of offshore support vessels in the Asia and Pacific region. Tong Chong Heong, Managing Director and Chief Operating Officer of Keppel O&M said, “Shipyards usually become involved in a job only after the design and engineering work is completed.

There are no doubt scores of 15 to 20-year-old 180-ft. supply boats that still have years of useful life… if renovated by skillful and creative marine engineers. That is what ENSCO Marine Company, Broussard, La. has done with a six-pack of vintage supply boats whose day rates and utilization had slipped due to age and limited carrying capacity for their size. ENSCO Marine is a division of ENSCO International, a Dallas, Texas-based drilling contractor who owns and operates 56 drilling rigs in the Gulf of Mexico, the North Sea, Asia Pacific and South America. ENSCO Marine operates 23 offshore supply boats and five anchor handling tugs.

Business units of Keppel Offshore & Marine Ltd have secured $55 million worth of contracts. Keppel Singmarine, the specialized shipbuilding division, will build three 60 tonne bollard pull Anchor Handling Tug/ Supply (AHTS) vessels, one for Hadi H. Al-Hammam Establishment (Hadi) from Saudi Arabia while the remaining two for Pacific Richfield Marine Pte Ltd (PRM), a Singapore-based customer. These vessels will be completed in the first quarter of 2004. Keppel Singmarine has delivered two AHTS vessels to Hadi in the last two years, and is currently building a 140-tonne bollard pull purpose-built AHTS vessel for PRM. This vessel is due for delivery in the last quarter of 2003.