Keppel FELS Partners With ENSCO

Tuesday, September 27, 2005
Keppel FELS Limited (Keppel FELS) has secured a contract to build a semisubmersible drilling platform, ENSCO 8500, for a subsidiary of ENSCO International Incorporated (ENSCO). The total project value is approximately $312 million and is expected to be completed in 32 months. ENSCO has secured for ENSCO 8500 a drilling contract with a consortium of three independent oil companies for operation in the Gulf of Mexico. This agreement is for a four-year primary term with an option for the extension of the term. “Keppel FELS is glad to team up with ENSCO to develop a cost-efficient solution for their ultra-deepwater drilling needs,” said Mr Choo Chiau Beng, Chairman and CEO of Keppel Offshore & Marine Ltd (Keppel O&M), the parent company of Keppel FELS. ENSCO has developed this semisubmersible for drilling in water depths of up to 8,500 ft, and can be readily upgraded to 10,000 ft water-depth capability if required. ENSCO 8500 is a dynamically positioned (DPS2) offshore drilling unit fitted with eight 2600KW thrusters and can accommodate up to 150 people. It will have a single conventional drilling derrick system for operation in Gulf of Mexico.
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