Keppel FELS Signs Contracts with Diamond Offshore

Friday, November 30, 2001
Keppel FELS Limited (KFELS), the offshore arm of the Keppel Group has secured contracts worth a total of $77 million from Diamond Offshore Drilling Inc for the upgrades of a semi-submersible, Ocean Rover and a jack-up rig, Ocean Tower. This comes after a $34 million contract from Diamond Offshore for the upgrading of four jack-up rigs in July this year. These contracts were secured as a result of KFELS’ services and the outstanding work it is performing on Ocean Baroness, presently in the final stages of an extremely challenging deepwater upgrade in KFELS’ Pioneer Yard in Singapore. Tong Chong Heong, managing director of KFELS said, “We are very pleased that Diamond Offshore has chosen us to be a partner in the enhancement of their fleet of vessels. It demonstrates their confidence in KFELS’ expertise and engineering strength to undertake sophisticated upgrades.“We are committed to continue to add value to Diamond Offshore with our high quality work and our ability to think out of the box to develop alternative and cost effective solutions for our customers.”KFELS has been able to provide innovative solutions on Ocean Baroness, a Victory-class semi-submersible which is being enhanced with 5th generation capabilities, allowing it to work in challenging deepwater of up to 6,500 ft and the capability to handle 5,500 tons operating variable deck load. In the newly awarded contract, Ocean Rover will undergo an upgrade with specifications similar to the enhanced Ocean Baroness. The project will be undertaken in KFELS’ Pioneer Yard and is estimated to take 18 months. KFELS’ yard in Brownsville, Texas, Amfels Inc (AMFELS) will carry out the work on Ocean Tower, a 350 ft independent-leg slot-type jack-up rig which will be upgraded to a cantilever-type rig with a new derrick, mud pump, sub base, shaker house and accommodation facilities. The project is expected to take one year. Lawrence Dickerson, president and chief operating officer of Diamond Offshore said, “These expeditious upgrades are part of our long-term strategy to enhance our fleet capabilities in an effort to better serve the needs of our customers. “KFELS and AMFELS have always been able to deliver our projects quickly and with the desired quality. We are confident that the upgrades will similarly fulfill our expectations at a significant cost advantage.”KFELS is the leading builder of offshore jack-up drilling rigs and has completed 60% of the world’s jack-up rigs on order since 1996. Its parent company, Keppel Corporation will transfer its entire 61 percent stake in Keppel Hitachi Zosen to KFELS, with the aim of further enhancing its global presence with a combined network of 12 shipyards in strategic locations around the world. Diamond Offshore is a leader in deepwater drilling which owns and operates one of the largest fleets of offshore drilling units in the world. The Company’s fleet consists of 30 semi-submersibles, 14 jack-ups and one dynamically positioned drillship. It operates in waters of six of the world’s seven continents, supplying comprehensive drilling services to the global energy industry.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

China Shipyards Bag the Week's Ocean-going Newbuild Orders

Reported ordering this week has been exclusively focussed on the Chinese yards, says Clarkson Hellas in their latest 'S&P Weekly Bulletin'. Dry bulk carriers COSCO

Scorpio Tankers Report Q2, 1H 2014 Profit Slip

Scorpio Tankers Inc. has reported its results for the three and six months ended June 30, 2014. Highlights excerpted here as follows: Results for the three months ended June 30,

Ship Repair & Conversion

Three Share in Navy US$96.8-M Twin-Ship Modernization Contract

The U.S. Department of Defense informs that AMSEC LLC; CDI Marine Co. LLC; and Q.E.D. Systems Inc., (all located in Virginia Beach, Virginia) are each being awarded a cost-plus-fixed-fee/cost-only,

DoD Awards Ingalls 'USS Ronald Reagan' Contract Modification

U.S. Department of Defense (DoD) informs that Huntington Ingalls Inc., Newport News, Virginia, is being awarded a US$13,759,894 modification to previously awarded cost-plus-award-fee,

GDI Awards N-KOM US$110-M Contracts

Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2376 sec (4 req/sec)