Keppel FELS to Build ENSCO Rig

Wednesday, August 13, 2008

Keppel FELS Limited (Keppel FELS) has won the contract to build the seventh ENSCO 8500 Series deepwater semisubmersible (semi) worth $560m. This sum includes equipment specified by the owner.
To be delivered in the second half of 2012, the ENSCO 8506 will be the seventh consecutive semi that Keppel FELS is constructing for ENSCO International Incorporated (ENSCO). The contract follows shortly after the award of the sixth semi, ENSCO 8505, that was announced on 1 June 2008.
The first unit in the seven-strong fleet of 8500 Series semis was contracted in 2005 and is on track for shipyard delivery in the third quarter of this year. It has been chartered to Anadarko and Eni for operations in the U.S. Gulf of Mexico.
The ENSCO 8506 is capable of drilling in up to 8,500 feet of water. Her features include a two million pound quad derrick, offline pipe handling capability, 35,000 ft drilling capacity, and station keeping capabilities meeting DP2 requirements. With these features, the 8500 Series rigs will be especially well-suited for deepwater development drilling.
The ENSCO 8506 contract is not expected to have any material impact on the net tangible assets or earnings per share of Keppel Corporation for the current financial year.

Maritime Today


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

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

Offshore

Shipping Industry Flying On The Dragon’s Back

As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Sembcorp Profit Halved as Clients Defer Projects

Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion 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: 0.1012 sec (10 req/sec)