Keppel to Build a Third Jackup for Awilco

Thursday, March 09, 2006
Keppel FELS Limited (Keppel FELS) has secured a repeat order for a third KFELS B Class jackup rig from Awilco Offshore (Awilco) at US$146 million, via the exercise of an option agreement. The first and second rigs were announced in February and August 2005 respectively. Customised to Awilco’s requirements, the new rig, WilStrike, will be capable of drilling down to 30,000 feet in water depths of up to 400 feet. Delivery for this new rig is expected in second quarter 2009. Work on the first two rigs, WilCraft and WilBoss, is progressing well. Deliveries are expected in fourth quarter 2006 and early 2008 respectively. Keppel FELS is a wholly-owned subsidiary of Keppel Corporation, through Keppel Offshore & Marine, a leader in offshore rigs, shiprepair and conversion and specialised shipbuilding. Keppel O&M’s near market, near customer strategy is bolstered by a global network of 17 yards in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner in solutions for the offshore and marine industry. Part of the Anders Wilhelmsen Group of Norway, Awilco Offshore has invested in six jackup drilling rigs under construction and two accommodation units. The contract is not expected to have material impact on the NTA or the earnings per Keppel Corporation share for FY2006.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Rosneft, Gazprom to Receive Four Arctic Fields

Ministry of the Environment sent to the government documents on the transfer of "Rosneft" and "Gazprom" licenses for the development of four more fields on the Arctic shelf,

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

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.4381 sec (2 req/sec)