Keppel FELS $110M Contract

Wednesday, December 08, 2004
Keppel FELS Ltd (Keppel FELS), a wholly-owned subsidiary of Keppel Corporation Ltd, has secured a contract to build a KFELS B Class jackup valued at US$110 million for Gulf Drilling International Limited (GDI), Qatar’s first national drilling company.

The jackup, GULF-4, well suited in the Arabian Gulf and Indian waters, will be built to Keppel FELS’ proprietary design. It will be capable of operating in 300 feet water depth, drilling down to 30,000 feet and accommodating 110 men.

Mr Abduljabbar Saifaldeen, Managing Director of GDI, said, "It is very important for us to work with the right yard to build GDI’s first ever jackup.

Keppel FELS comes with strong credentials both with its successful newbuilding track record, and its B Class jackup rig design which has been tried and tested in the market. Keppel FELS has also provided GDI with a competitive bid among several internationally reputed bidders."

To date, all four KFELS B Class jackups have been gainfully deployed in different parts of the world, with six more currently under construction at Keppel FELS.

GULF-4, when delivered in the fourth quarter of 2006, will add to Keppel’s track record of 11 KFELS B Class in the market since its introduction in year 2000.

Mr Tong Chong Heong, Managing Director and Chief Operating Officer of Keppel Offshore & Marine (Keppel O&M), said, “This new contract is significant as it further establishes Keppel Offshore & Marine’s footprint in the Arabian Gulf.”

The Arabian Gulf, also known as the Persian Gulf, is one of the most strategic waterways in the world due to its importance in world oil transportation. It contains 715 billion barrels of proven oil reserves, representing over 57% of the world's oil reserves, and 45% of the world’s total natural gas reserves at 2,462 Tcf.

Keppel O&M has built a good track record in the Gulf. Among its work-in-progress are the construction by Keppel FELS of a jackup rig, Al Hail, for Abu Dhabi’s National Drilling Company (NDC), and the upgrading and refurbishment by associate Arab Heavy Industries P.J.S.C. (AHI) of two jackups, GULF-2 and NPCC SEP-350 for GDI and National Petroleum Construction Company respectively.

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


NYK Joanna Rescues Fishermen off Philippines Coast

On October 3, NYK Joanna, a containership operated by NYK, rescued seven fishermen in distress off the coast of the Philippines. While the NYK vessel was sailing on October 3 from Vungtau,

Noreco CEO Quits

Norwegian Energy Company ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco ASA. Since joining Noreco in September 2014, Tommy Sundt

BSM Completes Global Management Program

Bibby Ship Management has successfully completed its second Global Management Programme which, it says, has helped to develop the management skills of all its


The Future of Well Intervention

Herrenknecht and Ulstein are due to present their vision of the future of heavy well intervention at the Offshore Energy 2015 exhibition in Amsterdam this week.

USCG, RCAF to Conduct Joint Training

The crew of Coast Guard Air Station Traverse City is hosting an international joint search-and-rescue exercise with members of the Royal Canadian Air Force beginning

Ocean Installer in BP frame deal

Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region.   The agreement covers subsea fabrication,

Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Ship Electronics Ship Repair 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: 0.1170 sec (9 req/sec)