Keppel Secures Rig Order

Thursday, June 15, 2006
Inking the contract for the fourth KFELS B Class jackup from India are Mr Bharat K Sheth, Deputy Chairman/MD, Great Eastern Shipping and Mr Tong Chong Heong, MD/COO, Keppel O&M

Keppel FELS Ltd (Keppel FELS) has secured its fourth order from India for a KFELS B Class jackup rig. Valued at US$182 million, this rig is for the Great Eastern Shipping Co. Ltd. Group (G.E. Shipping). This will be G.E. Shipping’s first newbuild drilling rig and is scheduled for delivery by the fourth quarter of 2009. It will be further customised to meet G.E. Shipping’s operational requirements for water depths of up to 350 feet and readily upgradeable to 400 feet. The rig will have capabilities to drill in 30,000 feet water depth and can accommodate 112 men.

According to India’s national oil company, Oil And Natural Gas Corporation Limited (ONGC), it aims to double E&P reserves to six billion tonnes by 2020, out of which four billion tonnes are from deep waters. G.E. Shipping is also a regular customer of Keppel Shipyard, which has undertaken repair of tankers, bulk carriers and Liquefied Petroleum Gas carriers for the company since 2002. The contract is not expected to have material impact on the NTA or the earnings per Keppel Corporation share for FY2006.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Total E&P is First to Use FROG-XT4

Total E&P is the first to use Reflex Marine’s newly developed FROG-XT4 on the Odudu field in Nigeria. The French operator purchased the crew transfer device

New Standard gets Revised Program for Cooper Basin Approved

New Standard Energy Limited (New Standard) advises that it has received approval for amendments to its five year work program in PEL570 in the Cooper Basin. As part of the revised program,

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

Cruise Ship Trends

Burger Boat to Build New Passenger Vessel

Burger Boat Company announced that it has received a contract for the construction of an 89-foot (27-meter) steel passenger vessel for Wendella Sightseeing Company, Chicago, Ill.

Holland America Line Offers ‘Explore 4’ Early Booking

Holland America Line knows the trend for savvy travelers is to book vacations well in advance. To encourage those early bookings the line is returning with its

Fred. Olsen's ‘Poison, Murder & Mystery Cruise’

Fred. Olsen Cruise Lines is proud to introduce a very unique cruise experience for Summer 2015, aboard its 880-guest ship Boudicca, the like of which guests

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0943 sec (11 req/sec)