Keppel Divests Stake in Ultra Deepwater Tender Rig

Wednesday, December 13, 2006
Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), will divest its entire 72 percent interest in the rig, West Berani, to SeaDrill Asia Limited (SeaDrill Asia) for approximately $72m. This divestment follows the completion of the semisubmersible drilling tender (SSDT), which was delivered on time today. In May 2005, Keppel FELS entered into an agreement with SeaDrill Asia, formerly Smedvig Asia, to own and operate the SSDT on a 72/28 basis respectively. SeaDrill Asia had the option to exercise Keppel FELS’ interest in the rig upon completion.

This is the fifth deepwater tender drilling rig that Keppel has built for SeaDrill Asia since 1994. The first of the series, West Pelaut, was the world’s primary purpose-built SSDT for tender-assisted drilling. West Pelaut has been voted the Shell Platform Rig of the year out of a fleet of 13 platform rigs working for Shell. The key performance indicators were records for safety, successful operational performance and consistent long term performance. Drawing from the initial design of West Pelaut, three more state-of-the-art SSDTs, West Menang, West Alliance and West Setia, each with increased variable deckloads, were subsequently built prior to West Berani. Developed by the Deepwater Technology Group (DTG), a R&D arm of Keppel O&M, under the KFELS SSDT design, this series of tender rigs has been operating successfully in Asia Pacific and West Africa. Conventionally, drilling tenders are only deployable next to fixed platforms. The KFELS SSDT series has been enhanced to provide drilling contractors and operators the flexibility to operate in deepwaters alongside Spars and Tension Leg Platforms (TLP). A typical SSDT carries a Drilling Equipment Set (DES) and has high capacity cranes of up to 200 tonnes to deploy this DES onto the platforms within 12 hours. It also provides storage and accommodation facilities up to 140 men. West Berani has been contracted by the consortium of Esso Production Malaysia Inc (EPMI), Newfield Malaysia and Nippon Oil, for a period of two years. It will be deployed off Kuantan, in East Malaysia. The rig was named by Mrs Cory Robinson, Lady Sponsor and wife of Mr Kevin Robinson, Country Manager of Newfield Malaysia and Guest-of-Honour, on 9 December 2006. Addressing everyone at the ceremony, Mr Robinson said, “This is the first naming ceremony for many of us at NewField and is indeed very memorable. We are pleased that West Berani is delivered on-time despite current market conditions so that she can be deployed as planned. Attributing the success of the project to the good relations SeaDrill and Keppel shares, Mr Kjell Jacobsen, CEO, SeaDrill Management said, “Although the level of activity in the yard is the highest ever, it is with pride that we are able to bring a new rig to the market as planned, within budget, to the agreed quality and with the highest safety standards.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Sevan Marine Divests Stake in KANFA Aragon

Sevan Marine ASA said it has disposed 50 percent of its stake in KANFA Aragon AS to Sembcorp Marine Ltd. for cash consideration of NOK 20 million, representing

Norwegian Unions Say 755 O&G Workers Could Strike

About 755 Norwegian workers on seven oil and gas fields could go on strike from Saturday, hitting output from western Europe's top producer, if a new wage deal is not agreed before a Friday deadline,

POSH Bags Shell FLNG Contract

Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has been awarded a contract to support Shell’s Prelude floating liquefied

LNG

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

GTT, Endel Team-up to Roll-out Membrane Containment Systems

21 June 2016. GTT and the Endel company1 reaffirmed their collaboration in the area of LNG as a marine fuel, following the recent signature of a Technical Assistance

 
 
Maritime Contracts Maritime Security Naval Architecture Pipelines Port Authority Salvage Ship Repair Ship Simulators 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: 0.1126 sec (9 req/sec)