AMFELS Wins $83M Deal

Wednesday, April 10, 2002
Keppel Corp.'s AMFELS Inc unit in Brownsville, Texas, won a $83 million contract to build a new jack-up rig for Mexican company Perforadora Central S.A. de C.V. Due for delivery in the first quarter of 2004, this rig is the fourth MOD V "B" class ordered in two years. The first "B" class, Chiles Discovery has just been delivered in Singapore. Its sister rig Chiles Galileo, being built in AMFELS for the same owner Chiles Offshore Inc is due in September 2002. The third vessel, Atwood Beacon, is currently under construction in Singapore for Atwood Oceanics Pacific Limited and is expected to be delivered in June 2003. "This new generation rig looks set to become the rig of choice to replace the aging jack-up rigs that have been built in the 70/80s when they retire. "With few replacements currently available in the market, there is a demand for new rigs or life extension of existing rigs, both of which are products and services that Keppel can offer, on time and within budget," said Mr Choo Chiau Beng, Executive Director of Keppel Corporation. "Our design, the MOD V "B" class jack-up drilling rig is the latest solution for oil companies and drilling contractors looking for a more cost-effective deep-well drilling machine. The performance of the rig exceeds the operating capabilities of conventional non-harsh environment jack-up rigs. "This new rig for Perforadora Central will be fitted with Keppel's proprietary jacking and fixation systems developed by its research and technology arm, Offshore Technology Development," added Mr Choo. The rig can drill in water depths up to 375 ft., well suited for the environmental conditions of the Mexican waters of the Gulf of Mexico.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Algoma Central Orders New Great Lakes Ships

Algoma Central Corporation announces $160 million investment in fleet expansion and fleet renewal   Algoma Central Corporation announced that it has acquired

Russia, France Close to Deal on Mistrals

Russia and France are close to reaching an agreement for Paris to cancel a frozen contract on the sale of Mistral helicopter carriers and reimburse Moscow, a Russian

Horizon's Hawaii Business Acquisition Cleared by DOJ

Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The

Finance

Oil Price Shock Soon to be Positive Overall for Canada

Canada's economy will start to show more positive effects from the drop in oil prices than negatives from the second quarter onwards, Bank of Canada Governor Stephen Poloz said on Friday.

Total Eyes Sale of its Fuel Retailing Business in Turkey

Total aims to exit its fuel distribution business in Turkey and has asked Societe Generale to lead the sale, sources said on Friday, as the French oil producer

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.2219 sec (5 req/sec)