Keppel, Smedvig Cooperate on New Drilling Tender

Friday, April 02, 2004
Keppel FELS Limited has entered into a cooperation agreement with Smedvig Asia Limited (Smedvig Asia) to build a Semisubmersible Drilling Tender (SSDT) with Keppel Offshore & Marine’s proprietary design.

Developed by the Deepwater Technology Group (DTG), the KFELS SSDT3600-GOM-C42 will be the fourth vessel in the series of successful SSDTs that have been gainfully deployed in this region. Valued at $94 million, Keppel FELS and Smedvig Asia will own and operate the ultra deepwater semi tender on a 72/28 basis respectively.

The newbuild is due for completion in the third quarter of 2005.

Under the agreement, Keppel FELS will build the rig, while Smedvig Asia will contribute the drilling equipment. Smedvig will also be responsible for marketing, managing and operating the rig for a 10-year period during which time it has an option to purchase Keppel FELS’ stake in the rig.

This co-operation agreement is similar to Keppel Shipyard’s arrangement with Smedvig Asia to build SSDT West Alliance in 2001. In that project, Smedvig Asia exercised its option to purchase Keppel Shipyard’s stake in the SSDT upon project completion.

Mr Tong Chong Heong, MD & COO of Keppel O&M, said, “With E&P activities moving farther offshore into deep and ultra-deep waters, we decided to embark on this construction partnership as part of our strategy to meet anticipated growing demand.

“The KFELS SSDTs have improved motion characteristics and larger variable load capacity and deck space, which give operators greater flexibility in the exploration and production (E&P) of offshore oil and gas.

“These qualities have opened up new opportunities for tender rigs to work alongside Tension Leg Platforms (TLPs) and Spars which operate in deeper waters.

Mr Staale Roed, Managing Director of Smedvig Asia, agreed, “In view of this anticipated market development, we have defined a strategy for the renewal and modernisation of our tender rig fleet. We chose to build with Keppel because their three earlier SSDTs have proven to be successful with operators.”

The three semisubmersible tenders are West Alliance, West Menang and West Pelaut. West Alliance is currently being deployed by Unocal, a US oil and gas E&P company; while West Menang and West Pelaut are on charter to Brunei Shell/Total and Brunei Shell respectively. These units are performing with a high level of efficiency.

The KFELS SSDT3600-GOM-C42 will be a further enhancement to its predecessors, incorporating the latest technological advances in six-column drilling tenders and self-erecting column stabilisers. It is developed for deployment in severe environments and ultra-deep waters like Campos Basin of Brazil, Gulf of Mexico, North West Shelf of Australia, Timor Sea and offshore Angola.

KFELS SSDT series of semisubmersible drilling tenders provides for mud pits, bulk storage, mud pumps, power generation, cementing unit, laydown and storage areas as well as accommodation for the drilling crew. They also have enough variable deck load capacity to be self-contained without the need for other supporting barges to transport the Derrick Equipment Set (DES), equipment, mud and drilling fluids to site.

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


US Senators Introduce Bill to Limit Offshore Drilling

A group of U.S. Senators on the West Coast have introduced a bill Wednesday aiming to prohibit offshore drilling on the outer continental shelf of California, Oregon and Washington.

Danish-South Korean Co-operation Strengthened

The Danish-South Korean Green Growth Alliance met for roundtable talks yesterday. The Minister for Business and Growth's meeting with the South Korean Minister

Seadrill Hopes to See Market Turn in 2017

Offshore rig driller Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017.   Rig rates have more

Cruise Ship Trends

Zarmati joins Fathom

Fathom has engaged 44-year cruise industry veteran Maurice Zarmati to work with the burgeoning company. Fathom, which provides a different kind of cruise that

Carnival Corporation Adds Third Berth to Cozumel Pier

Carnival Corporation & plc today officially opened an all-new, highly anticipated expansion of its operations in Cozumel, Mexico, adding a third berth to the company's pier at Puerta Maya,

Indonesian Ports to Allow Foreign-flagged Cruise Ships

Indonesia’s government has given the go-ahead for foreign-flagged cruise ships to stop over in five of the country’s largest ports. Previously, such vessels could only dock at one port,

Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage 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: 0.1292 sec (8 req/sec)