Keppel to build Scorpion Semisub

Monday, July 07, 2008

Keppel FELS Limited was contracted to build its proprietary DSS 38 deepwater semisubmersible (semi) rig for Scorpion Offshore Ltd (Scorpion).

The contract with Scorpion is subject to the fulfillment of certain conditions by mid July 2008. It is valued at $405 million. The amount excludes owner-supplied drilling and subsea equipment.

Upon its completion in the fourth quarter of 2011, this semi will be chartered by Scorpion to Brazilian national oil company Petrobras for a period of six years.

“The DSS 38 model was developed from our years of experience as a rigbuilder and keen understanding of operating requirements in the deepwater region bordered by Brazil, West Africa and the Gulf of Mexico.

“It is significant that Scorpion has entrusted Keppel to build this premium design as its first semi for Petrobras. This demonstrates the growing recognition of our DSS 38 model as a choice deepwater rig for offshore Brazil.

“We look forward to strengthen our partnership with Scorpion with this high quality rig,” said Mr Tong Chong Heong, Managing Director & Chief Operating Officer of Keppel O&M.

The DSS 38 is rated to drill to depths of 30,000 feet below mud line in just over 9,000 feet water depth. With operational displacement of approximately 38,000 tonnes, the DSS 38 has housing facilities for a crew of up to 130 men. It has both vertical and horizontal riser storage. The eight 3000kW azimuth thrusters configuration are designed to keep the vessel in position. All configurations comply with the American Bureau of Shipping Dynamic Positioned System (DPS-2) requirements.

 Scorpion Offshore Ltd. is a Bermuda based corporation founded in 2005 to own and operate state-of-the-art offshore drilling rigs. A repeat customer, Scorpion has engaged Keppel AMFELS, a wholly-owned subsidiary of Keppel O&M in Texas, to build five jackup rigs since 2005. Three of the jackups have been delivered and are being deployed in Oman, Vietnam and Brazil.


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