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.
Keppel FELS Ltd (Keppel FELS), a wholly-owned subsidiary of Keppel Corporation Ltd, has secured a contract to build a KFELS B Class jackup valued at US$110 million for Gulf Drilling International Limited (GDI), Qatar’s first national drilling company. The jackup, GULF-4, well suited in the Arabian Gulf and Indian waters, will be built to Keppel FELS’ proprietary design. It will be capable of operating in 300 feet water depth, drilling down to 30,000 feet and accommodating 110 men.
Lady Sponsor Mrs Evelynn Worum (centre, in red) names Deep Driller 3 as Mr Michael Chia, Executive Director of Keppel FELS (to the right of Mrs Worum) and Mr Choo Chiau Beng, Chairman & CEO of Keppel O&M (extreme right) look on. Keppel FELS Limited (Keppel FELS) is on course to deliver another KFELS Super B Class jackup drilling rig to repeat customer, Sinvest ASA (Sinvest) on time and within budget. Mrs Evelynn Worum, Lady Sponsor and wife of Mr Geir Worum, Chairman of Sinvest
Keppel FELS Limited (Keppel FELS) won a repeat order for an ultra-deepwater semisubmersible drilling rig from a wholly-owned subsidiary of ENSCO International Incorporated (ENSCO). The total project value is approximately $338 million. The semi is scheduled for delivery in the first quarter 2009. To be named ENSCO 8501, this rig is similar to the first semi, ENSCO 8500, which ENSCO ordered with Keppel FELS in September 2005
J. Ray McDermott, S.A. and Keppel FELS Limited. are in the process of forming a new joint venture company, to be named FloaTEC, LLC, to provide deepwater and ultra deepwater oil and gas development solutions. To add to the Joint Venture’s offerings, J Ray and Keppel FELS plan to draw upon the purchased patent rights previously owned by ABB for the Extended Tension Leg Platform (ETLP) and Single Column Floater (SCF) designs
Keppel FELS Limited (Keppel FELS) will build a third KFELS B Class jackup drilling rig worth about US$205 million for PetroVietnam Drilling & Well Services Corp’s (PV Drilling) subsidiary PetroVietnam Drilling Investment Corp (PVD Invest). The agreement is subject to conditions being met by March 14. This latest unit and PVD Invest’s second rig PV Drilling II, which is already under construction at Keppel FELS, are scheduled for delivery in the fourth quarter of 2009 respectively.
Keppel Fels Energy & Infrastructure Ltd, seeking a foothold in the European offshore market, said on Monday it was in talks to take over Dutch repair and conversion yard Verolme Botlek. The Singapore company gave no indication of the likely cost of acquiring the Rotterdam yard, which has three dry docks and is owned by Wilton Fejinoord Holdings. "This possible acquisition will provide Keppel Fels with an opportunity to expand our network in Europe and to service our customers in the
Keppel FELS Limited (Keppel FELS) has secured new orders from Clearwater Capital Partners, LLC (Clearwater) to build a pair of premium KFELS B Class jackup rigs at $360m. The two high specification jackups are scheduled for delivery in 1Q 2013 and 2Q 2013 respectively. As part of the agreement, Clearwater has options to build another two similar jackup units with Keppel FELS. If exercised, the options for the additional two rigs will bring the total contract value to above $730m.
The Offshore arm of Keppel FELS has commercialized its new wind turbine installation vessel design for deeper waters in partnership with leading fleet owner and operator Seafox Group. Keppel FELS Limited’s (Keppel FELS) multi-purpose self-elevating platform (MPSEP) design has been chosen by the Seafox Group (Seafox) as the basis for a new-generation, wind turbine installation vessel that can withstand harsh offshore environmental conditions all year round in water depths of 65 metres
Keppel FELS Limited has completed Transocean’s Development Driller III, an ultra-deepwater drilling rig built to Keppel’s proprietary DSS 51 semisubmersible (semi) design. The Development Driller III is designed to construct wells as deep as 37,500 ft wells and operate in water depths of up to 7,500 ft, upgradable to 40,000 ft and 10,000 ft, respectively. Designed by Keppel’s Deepwater Technology Group in collaboration with Marine Structures Consultants of the
Keppel delivers its 45th KFELS B Class jackup rig with another 18 such rigs on order. These KFELS B Class rigs make up more than 30% of the total jackups completed globally since 2000. The rig was delivered to Arabian Drilling Company (ADC) 14 days ahead of schedule
Keppel Offshore & Marine Ltd. (Keppel O&M) through its subsidiaries Caspian Rigbuilders BV (an affiliated company of Keppel FELS) and Caspian Shipyard Company (CSC), has secured a contract from Caspian Drilling Company Ltd., a subsidiary of the State Oil Company of Azerbaijan Republic
Keppel FELS delivers the harsh environment rig to Discovery Offshore, which is managed by Hercules Offshore. Named Discovery Triumph at the delivery ceremony, the first KFELS Super A Class jackup has been delivered 46 days ahead of schedule and with a perfect safety record.
Keppel FELS delivers the KFELS Super B Class jackup rig, HAKURYU-11, to Japan Drilling Company (JDC). HAKURYU-11 will be chartered to the Con Son joint venture led by Petrovietnam. Built to Keppel’s advanced KFELS Super B Class design
Keppel FELS delivered a second KFELS B Class jackup rig to offshore Mexican oil field services company, Integradora de Servicios Petroleros Oro Negro. Named Laurus at Keppel FELS today, the rig was delivered eleven days early and with a perfect safety record, Keppel noted.
Keppel FELS Limited, a wholly-owned subsidiary of Keppel Offshore & Marine has secured a contract from Singapore-listed Falcon Energy Group Limited through its subsidiary, FTS Derricks, to construct a KFELS Super B Class jackup rig, bringing
Keppel AmFELS LLC, a wholly owned U.S. subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Papaloapan, to Mexico’s Perforadora Central SA de CV (Perforadora Central) on time, within budget and with a perfect safety record.
Keppel FELS Limited, a wholly-owned subsidiary of Keppel Offshore & Marine has secured a contract to construct a KFELS B Class jackup rig, ENSCO 110, from Ensco plc. The construction cost, together with the commissioning, systems integration testing and project management is expected to be
Floatel International Ltd is contemplating issuance of approximately USD 150 million new shares on the Oslo stock market. The company says its share placement will further strengthen their position as a leading provider of high-specification
Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), secured contracts from Mexican drilling company, Grupo R, to build four jackup rigs worth $820 million (USD). The jackup rigs will be built to Keppel's proprietary KFELS B Class design and are scheduled
Asia Offshore Drilling Ltd (AOD) has signed drilling contracts whereby AOD's jack-up drilling rigs AOD II and AOD III will be leased to Saudi Aramco for operations offshore Saudi Arabia. The drilling contracts have been entered into and will be managed by Seadrill Management, on behalf of AOD.
Keppel FELS say that the contract with Naftogaz of Ukraine was cancelled because certain conditions within the timeline were not met. On 4 December 2012 Keppel FELS had announced the signing of a conditional contract between them and Ukraine’s National Joint-Stock Company
Keppel FELS Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine, has secured three contracts worth a combined US$300 million from repeat customers. The contracts are for the construction of a KFELS B Class jackup rig from Star Drilling Pte Ltd
Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries - Keppel FELS Brasil S.A. (Keppel FELS Brasil) and Keppel Shipyard Ltd (Keppel Shipyard) - have secured two contracts worth S$200 million from repeat customers. Keppel FELS Brasil's contract is with MODEC and Toyo Offshore
Keppel FELS delivers the jackup rig 'UMW Naga 4' to UMW Oil & Gas Corporation in Singapore. The rig was completed five days ahead of schedule, on budget and with a perfect safety record. UMW Naga 4 is the fourth consecutive rig that Keppel FELS has delivered ahead of schedule this year.