Keppel Fels

Keppel FELS Divests Interest in Rig for $80m

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 $110M Contract

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.

Keppel FELS to Deliver KFELS Super B Class Jackup

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 Secures ENSCO Order

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

New Joint Venture Targets Deepwater Markets

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 to Build $205m Jackup Rig

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 Hopes To Grab Hold Of Europe's Offshore Market

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 to Build Two Jackups for Clearwater

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.

Keppel's New Wind Turbine Installation Vessel

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’s DSS 51 Semi for Transocean

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