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Class Jackup News

20 Feb 2019

Keppel Delivers Jack-up Rig to Grupo R

Singapore's Keppel FELS has delivered the jackup rig, Cantarell IV, to Grupo R with a perfect safety record.The wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) said that as part of the deal, Grupo R has entered into a sale and leaseback agreement with FELS Asset, another wholly-owned subsidiary of Keppel O&M.FELS Asset will purchase the rig from Grupo R for US$179m which is equivalent to the balance contract value of the rig. Cantarell IV will be leased back to Grupo R on a bareboat charter at competitive day rates over five years. IPC, the parent company of Grupo R, will provide a Parent Company Guarantee on Grupo R's charter payment obligations.Under the bareboat charter…

02 Jan 2017

Keppel FELS Resells Jackup Rig

Keppel Corporation Limited (the “Company” or “KCL”) refers to its announcement on 2 August 2013 on the construction contract ("Construction Contract") entered between Keppel FELS Limited (“KFELS”), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (“KOM”), and Parden Holding S.R.L. (“Parden”) for the construction of a KFELS B Class jackup rig (the “Jackup Rig”). Following Parden’s failure to take delivery of the Jackup Rig and make payment for the balance 80% of the contract value, among others, KFELS has today, following discussion with the guarantor of Parden’s obligations under the construction contract, entered into a Settlement Agreement with the guarantor.

27 Mar 2016

Another 2 Keppel FELS Rigs for Mexico

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered two jackup rigs to Mexican company, Grupo R. Built to Keppel's proprietary KFELS B Class design, the rigs, CANTARELL I and CANTARELL II, will be chartered to PEMEX, Mexico's national oil company, for operations in the Cantarell oil field in offshore Mexico. They are the first two of five jackup rigs that Keppel FELS is building for Grupo R. Mr Wong Kok Seng, Managing Director of Keppel O&M (Offshore) and Keppel FELS, said, "We are pleased to deliver another two rigs in 2016 to our quality client Grupo R. Despite the current low oil price environment, the market continues to prefer safe and efficient rigs with a proven track record like our KFELS B Class.

25 Jan 2016

Keppel FELS Delivers First Rig of the Year

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Halul, a KFELS B Class jackup rig, to Gulf Drilling International Ltd. (q.s.c) (GDI) of Qatar. Completed on 21 January 2016, ten days ahead of schedule, and on budget, it is the first rig that Keppel FELS has delivered this year. Halul is also the fifth KFELS B Class jackup rig delivered to GDI. With its continued successful partnership with Keppel FELS, GDI has renewed options for two more repeat KFELS B Class rigs for deliveries in 2018 and 2019. The KFELS B Class rigs have a strong track record for GDI. Sister rigs Dukhan and Al Zubarah are operating successfully for Qatar Petroleum while Al Khor is performing well for Shell.

02 Sep 2015

Keppel Delivers Jackup to UMW-OG

Photo: Keppel

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered UMW Naga 8, a KFELS B Class jackup rig, to Malaysia’s UMW Oil & Gas Corporation Berhad (UMW-OG). It was completed 32 days ahead of schedule, on budget and with a perfect safety record, the builder announced. This is the third KFELS B Class jackup rig that Keppel FELS has delivered to UMW-OG. The first jackup - UMW Naga 4 - was delivered in February 2013 and is currently servicing the contract of Petronas Carigali in Malaysia…

13 Jul 2015

Keppel Secures $85 mln Liftboat Order

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from Crystal Heights Holdings Limited, a company specializing in the offshore oil and gas market, to build a high specification liftboat worth $85 million. The liftboat is designed by Keppel O&M's liftboat design specialist, Bennett Offshore in collaboration with Keppel FELS. Scheduled for delivery in 4Q 2017, the liftboat will have provisions enabling it to operate in China, the Middle East and the Gulf of Mexico. Liftboats are dedicated vessels used to support offshore platforms in construction, accommodation and well intervention as well as maintenance and installation.

31 May 2015

More Keppel FELS Jackup Rigs for Mexico

Keppel FELS Limited , a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), is on track to deliver three KFELS B Class jackup rigs to Mexican company, Grupo R, safely, on time and on budget. A world's first triple rig naming ceremony was held today at Keppel FELS' yard with Mr Chan Chun Sing, Singapore's Minister in Prime Minister's Office and Secretary-General of the National Trades Union Congress as the Guest of Honour. Built to Keppel's proprietary KFELS B Class design, the three identical rigs were named CANTARELL I, CANTARELL II and CANTARELL III, after the Cantarell oil field in offshore Mexico. They are the first three of five rigs that Keppel FELS is building for Grupo R.

30 Mar 2015

Keppel FELS Delivers 11th Jackup to Mexico

Photo courtesy of Keppel FELS

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class jackup rig to Mexican national oil company, Petróleos Mexicanos (PEMEX), safely, on time and on budget. The rig was named Kukulkan by Lady Sponsor Mrs Valerie Pahl-Hernandez, wife of Mr Gustavo Hernandez Garcia, Director General of PEMEX Exploration & Production, at a ceremony at Keppel FELS this evening. Kukulkan is the second jackup rig Keppel has built directly for PEMEX.

27 Feb 2015

Keppel FELS to Deliver 100th Jackup Rig

Photo courtesy of Keppel FELS

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) is on track to deliver PV Drilling VI, a KFELS B Class jackup rig, to PV Drilling Overseas (PVDO), a subsidiary of PetroVietnam Drilling & Well Services Corp (PV Drilling) on time, on budget and with a perfect safety record. It is the 100th jackup rig Keppel FELS has built since 1970, of which more than half are based on the KFELS B Class design. Developed by Keppel's technology arm, Offshore Technology Development, this design has a market share of about a quarter of all jackup rigs delivered since 2000.

26 Nov 2014

Fourth Rig Delivered to Perforadora Central

Coatzacoalcos is the fourth of five jackup rigs Keppel AmFELS is building for Perforadora Central

Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Coatzacoalcos, to Mexico’s Central Panuco S.A. De C.V., a subsidiary of Mexico's Perforadora Central S.V. De C.V. (Perforadora Central) on time, within budget and with zero loss time incidents. The rig was christened today at Keppel AmFELS’ yard in Brownsville, Texas by Lady Sponsor, Monica Funtanet de Alvarez-Morphy, the wife of Javier Alvarez Morphy Camou Sr, Director of Perforadora Central.

17 Sep 2014

Fifth Jackup Contract for Keppel from Gulf Drilling

Keppel FELS Limited, a wholly owned subsidiary of Keppel Offshore & Marine, has secured a contract from Gulf Drilling International Ltd. of Qatar to build a repeat high-specification KFELS B Class jackup rig worth US$227 million. As part of the contract, GDI has options for two more KFELS B Class rigs for deliveries in 2017. On the new jackup, to be named Halul, Keppel FELS has already begun preparations for its scheduled delivery in 1Q 2016 during the course of discussions with GDI. Upon delivery, Halul will be chartered to Qatar Petroleum for five years. Halul is GDI's fifth KFELS B Class jackup rig ordered from Keppel. The fourth rig, Dukhan, was recently delivered last month.

13 Feb 2014

Keppel FELS to Build Three Jackups

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured contracts to build three high-specification KFELS B Class jackup rigs worth about $650 million (USD) from new customer Fecon International Corp. (Fecon). Backed by experienced industrial entrepreneur, A.P. Dobrov, Fecon is a new player to the offshore oil and gas industry, and is targeting the growing offshore drilling markets of Africa, Middle East, and Southeast Asia. In addition, Fecon's leadership team has extensive connections, experience and knowledge of working in Russia and has identified offshore drilling in Russia as a strategic market with good growth opportunities. The three rigs are scheduled to be delivered progressively within 2H 2016. Mr A.P.

06 Feb 2014

UMW Orders another Jackup Rig from Keppel

UMW NAGA 4 was delivered in February 2013.

Keppel FELS Limited, a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from UMW Drilling 8 Ltd, a wholly-owned subsidiary of UMW Oil & Gas Corporation Sdn. Bhd., for a KFELS B Class jackup rig worth $218 million (USD). It will be the third KFELS B Class jackup rig for UMW Oil & Gas and is scheduled for delivery in 3Q 2015. The first jackup - UMW NAGA 4 - was delivered in February 2013 and the second - UMW NAGA 5 - is expected to be completed by 2Q 2014.

27 Dec 2013

Keppel FELS Delivers 21st Rig of 2013

Keppel FELS Ltd (Keppel FELS) has delivered ARABDRILL 60, a KFELS B Class jackup rig, to Arabian Drilling Company (ADC) five days ahead of schedule, on budget and with a perfect safety record. This marks the 21st newbuild offshore rig that Keppel FELS has delivered in 2013, setting a new record for the most rig deliveries by a company in a year. The rig was named at a ceremony today in the presence of Mohamed Yousuf Rafie, Chairman, ADC's Board of Directors and Lawrence Wong, Singapore's Acting Minister for Culture, Community and Youth and Senior Minister of State for Communications and Information as the Guests of Honor. Mohamed Yousof Rafie…

23 Dec 2013

Keppel FELS Delivers Jackup Rig to Ensco

Delivery marks 20th rig completion by Keppel FELS in 2013. Keppel FELS Ltd. (Keppel FELS) has delivered ENSCO 121, the second ultra-premium harsh environment ENSCO 120 Series jackup rig, to Ensco plc (Ensco). Built to an enhanced version of Keppel’s proprietary KFELS Super A Class design, the rig has been chartered for deployment in the North Sea. Wong Kok Seng, Managing Director (Offshore) of Keppel Offshore & Marine and Managing Director of Keppel FELS, said, “We are pleased to deliver ENSCO 121, our 18th newbuild rig for Ensco and our 20th for this year 2013.

16 Dec 2013

Keppel FELS Deliver Second Hercules Offshore Rig

Hercules Resilience: Image credit the builder

Hercules Offshore, have received a second harsh environment KFELS Super A Class jackup rig, named ‘Hercules Resilience’ from Keppel FELLS, Singapore. Developed by Keppel FELS’ R&D arm, Offshore Technology Development (OTD), the KFELS Super A Class is an enhancement of the successful and proven KFELS A Class design. The Hercules rigs have been customised to meet the requirements of Houston-based Hercules Offshore, and are capable of operating in water depths of 400 feet and drilling depths of 35,000 feet.

06 Nov 2013

Keppel Wins US$1-Billion Transocean Jackup Rig Order

A Keppel Jackup-rig: Photo courtesy of Keppel Fels

Keppel FELS Limited has secured a repeat order from a subsidiary of Transocean Ltd. (Transocean) to build 5 KFELS Super B Class jackup rigs for US$1.1 billion. The rigs are scheduled to be delivered progressively from 1Q 2016 to 3Q 2017. In addition, Transocean has options to build up to another five similar jackup rigs with Keppel FELS. Tailored to suit Transocean's requirements, the KFELS Super B Class rigs are designed to operate in 400 feet water depth and drill to 35,000 feet.

10 Oct 2013

Keppel AmFELS Secures Mexican Jackup Order

Keppel AmFELS LLC, a US-based wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has won a contract from Central Panuco S.A. De C.V., a subsidiary of Mexico's Perforadora Central S.V. De C.V. (Perforadora Central) to build a KFELS B Class jackup rig worth $240 million, including owner furnished equipment. Scheduled for delivery in 4Q 2015, the jackup rig is intended for operations in offshore Mexico. Built to Keppel's market-established KFELS B Class design, the rig will be able to operate in water depths of up to 400 feet, drill to depths of 30,000 feet with accommodation for 126 persons and a BOP system of 18-3/4 x 15,000 PSI. With this latest contract, a total of 13 KFELS B Class jackup rigs have been ordered for the Mexican market since 2010.

07 Oct 2013

China Yard's Pricing Nets a Double Offshore Rig Order

Northern Offshore, Ltd. subsidiaries have executed contracts for the construction of two LeTourneau Super 116E Class jackup drilling rigs, with a priced option for the construction of two additional rigs of the same design. Northern Offshore say that the yard contract price is less than US$180 million, with favorable tail-end-heavy payment terms. Delivery of the rigs is expected during the first and third quarters of 2016, respectively. Construction will be carried out by an experienced and well qualified [un-named] Chinese shipyard. Gary W. Casswell, president and chief executive officer of Northern Offshore said, "This is a turning point for our company…

04 Oct 2013

Keppel to Operate Mexican Yard with PEMEX

Keppel Offshore & Marine (Keppel O&M) has strengthened its foothold in the offshore and marine industry in Mexico with the signing of an MOU (memorandum of understanding) with PEMEX Exploracion y Produccion (PEP) and P.M.I. Norteamérica, S.A. de C.V. (PMI), both subsidiaries of Mexico's national oil company, Petroleos Mexicanos (PEMEX). The MOU is to jointly develop, own and operate a yard facility in Mexico, the first phase of which is to support the construction of six KFELS B class jackup drilling rigs for PEP. The MOU was signed today by the General Director of PMI, Dr. Jose Manuel Carrera Panizzo, and the Chief Operating Officer and CEO-Designate of Keppel O&M…

01 Oct 2013

Keppel Secures Repeat Jackup Orders from Clearwater

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has secured a contract from an affiliate of Clearwater Capital Partners (Clearwater) to build a pair of premium KFELS B Class jackup rigs. The total cost of the project is about $440 million (USD), which also includes owner furnished equipment and project management fees. The rigs are scheduled to be completed in 4Q 2015 and 1Q 2016. Wong Kok Seng, Managing Director (Offshore) of Keppel O&M and Managing Director of Keppel FELS said Keppel FELS has 49 KFELS B Class/Super B Class jackup rigs already delivered and 17 on order. The KFELS B Class jackup rig is able to operate in water depths of up to 400 feet, drill to 30,000 feet deep and equipped with offline standbuilding capability.

03 Sep 2013

Keppel FELS Delivers Third Super B Jackup to Transocean

Keppel FELS has delivered to Transocean their third consecutive KFELS Super B Class jackup rig on time, on budget and with zero lost-time incidents. The rig was named Transocean Ao Thai on August 31, 2013 at Keppel FELS and has been chartered to Chevron for work in offshore Thailand. Two similar rigs – Transocean Siam Driller and Transocean Andaman – that Keppel delivered in March this year have been very successful in their drilling programs, the company reported. Ihab Toma, Executive Vice President and Chief of Staff…

02 Aug 2013

Keppel FELS Delivers Another Premium Rig

Keppel FELS has delivered a KFELS B Class jackup rig, to Constructora y Perforadora Latina (CP LATINA), a private Mexican company in the energy sector. The rig was named La Santa Mariaat a ceremony in Keppel FELS. Delivered on time and with a perfect safety record, it will be chartered to Pemex, Mexico's national oil company, for deployment in offshore Mexico. La Santa Maria  is the first of two high-specification jackup rigs that Keppel FELS is building for CP Latina. The second rig is on schedule to be delivered in 4Q 2013. Mr Wong Kok Seng, Managing Director (Offshore) of Keppel Offshore & Marine and Managing Director of Keppel FELS, said, "This on time and safe delivery is a demonstration of the win-win partnership we have developed with our new customer CP Latina.

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