Keppel, Smedvig Cooperate on New Drilling Tender

Friday, April 02, 2004
Keppel FELS Limited has entered into a cooperation agreement with Smedvig Asia Limited (Smedvig Asia) to build a Semisubmersible Drilling Tender (SSDT) with Keppel Offshore & Marine’s proprietary design.

Developed by the Deepwater Technology Group (DTG), the KFELS SSDT3600-GOM-C42 will be the fourth vessel in the series of successful SSDTs that have been gainfully deployed in this region. Valued at $94 million, Keppel FELS and Smedvig Asia will own and operate the ultra deepwater semi tender on a 72/28 basis respectively.

The newbuild is due for completion in the third quarter of 2005.

Under the agreement, Keppel FELS will build the rig, while Smedvig Asia will contribute the drilling equipment. Smedvig will also be responsible for marketing, managing and operating the rig for a 10-year period during which time it has an option to purchase Keppel FELS’ stake in the rig.

This co-operation agreement is similar to Keppel Shipyard’s arrangement with Smedvig Asia to build SSDT West Alliance in 2001. In that project, Smedvig Asia exercised its option to purchase Keppel Shipyard’s stake in the SSDT upon project completion.

Mr Tong Chong Heong, MD & COO of Keppel O&M, said, “With E&P activities moving farther offshore into deep and ultra-deep waters, we decided to embark on this construction partnership as part of our strategy to meet anticipated growing demand.

“The KFELS SSDTs have improved motion characteristics and larger variable load capacity and deck space, which give operators greater flexibility in the exploration and production (E&P) of offshore oil and gas.

“These qualities have opened up new opportunities for tender rigs to work alongside Tension Leg Platforms (TLPs) and Spars which operate in deeper waters.

Mr Staale Roed, Managing Director of Smedvig Asia, agreed, “In view of this anticipated market development, we have defined a strategy for the renewal and modernisation of our tender rig fleet. We chose to build with Keppel because their three earlier SSDTs have proven to be successful with operators.”

The three semisubmersible tenders are West Alliance, West Menang and West Pelaut. West Alliance is currently being deployed by Unocal, a US oil and gas E&P company; while West Menang and West Pelaut are on charter to Brunei Shell/Total and Brunei Shell respectively. These units are performing with a high level of efficiency.

The KFELS SSDT3600-GOM-C42 will be a further enhancement to its predecessors, incorporating the latest technological advances in six-column drilling tenders and self-erecting column stabilisers. It is developed for deployment in severe environments and ultra-deep waters like Campos Basin of Brazil, Gulf of Mexico, North West Shelf of Australia, Timor Sea and offshore Angola.

KFELS SSDT series of semisubmersible drilling tenders provides for mud pits, bulk storage, mud pumps, power generation, cementing unit, laydown and storage areas as well as accommodation for the drilling crew. They also have enough variable deck load capacity to be self-contained without the need for other supporting barges to transport the Derrick Equipment Set (DES), equipment, mud and drilling fluids to site.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

New CEO for Evergas

Evergas has appointed Steffen Jacobsen as CEO of the company as of 8 May 2015 Mr. Jacobsen joined Evergas 1 February 2015 as Vice President, Fleet after almost 35 years in Maersk.

Italian Navy Takes Back Fishing Boat Seized Near Libya

The Italian navy took back control on Friday of a Sicilian fishing boat that had been seized overnight by unknown assailants near the Libyan coast, the defence ministry said.

Steelhead Introduces a New Yacht Crane

Steelhead Marine, a North American crane manufacturer, has expanded its product offering with the launch of the new E Series 1000 crane. Suited for commercial and recreational vessels,

Cruise Ship Trends

Thomson Cruises Names New Ship

Thomson Cruises’ newly acquired Splendour of the Seas will be renamed Thomson Discovery when it joins the company’s fleet in summer 2016 and it will homeport in Palma.

First Steel Cutting for Seabourn Encore

The plate-cutting ceremony was held today at the Marghera shipyard for the "Seabourn Encore", the first of two ultra-luxury cruise ships that Fincantieri will build for Seabourn,

Meyer Werft Buys Finland out of Turku Shipyard

Germany's family-owned Meyer Werft shipyard is buying the Finnish state out of Turku shipyard in southwestern Finland, the government said on Wednesday. Meyer

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1898 sec (5 req/sec)