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

Legal

Libya Plans to Sell Ex-rebel Tanker

Libya plans to sell a tanker that a former rebel group used in an attempt to bypass the Libyan government and export oil on its own last year, the Tripoli-based state prosecutor said on Thursday.

Turkey Detains 4 in Connection with Capsized Migrant Boat

Turkish police have detained four Syrians suspected of involvement in organising the passage of a boat which capsized, drowning 12 people including a toddler, as

Singapore Becomes Sea-Dispute Settlement Centre

The government of Singapore has become a venue in Asia to settle maritime disputes for proceedings before the International Tribunal for the Law of the Sea (ITLOS).

Offshore

Edelweiss Now Controls Bharati Shipyard

Edelweiss Asset Reconstruction Company has taken over management control of Bharati Shipyard, says a report in ET.   Edelweiss now controls 70% of the Indian yard’s debts.

Offshore Operators Can Simplify Safety Equipment Logistics

Safety equipment manufacturer VIKING Life-Saving Equipment said its Offshore Safety Agreements are providing relief for offshore operators seeking to ensure compliance

Keppel Delivers Jackup to UMW-OG

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered UMW Naga 8, a KFELS B Class jackup rig, to Malaysia’s UMW Oil & Gas Corporation Berhad (UMW-OG).

 
 
Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.1565 sec (6 req/sec)