Keppel Wins $270M Contract from GlobalSantaFe

Thursday, March 02, 2006
Keppel FELS Ltd (Keppel FELS) has secured a contract with GlobalSantaFe Corporation (GSF) to build an ultra-deepwater drilling rig for $270 million.

Under the contract agreement, GSF will supply the drilling and sub-sea equipment while Keppel FELS provides the design, engineering and construction of the hull as well as the accommodation quarters for 180 men and marine equipment.

The rig, to be named the GSF Development Driller III, is scheduled for delivery in the first quarter of 2009.

GSF has chosen to build the state-of-the-art semisubmersible (semi) to the proprietary design, DSS-51, jointly designed and developed by Keppel’s Deepwater Technology Group (DTG) and Marine Structure Consultants (MSC).

Mr Choo Chiau Beng, Chairman and CEO of Keppel Offshore & Marine Limited, the parent company of Keppel FELS, said, “GSF and Keppel share a longstanding relationship which dates back to 1987. To date, Keppel FELS and GSF have co-operated and completed six new generation jackups that are still performing extremely well in the North Sea, Eastern Canada and South America.

“I am happy that we are now working on our first semi newbuild project together, and I am confident that the highly efficient DSS-51 rig will meet GSF’s charter commitment on time and within budget.”

Commenting on the demand for deepwater mobile drilling rigs, Mr Choo said, “The fundamentals for deepwater exploration and production are strong with consensus amongst operators, drillers and service providers that the market for exploration and production of hydrocarbons will be sustained over the next few years.”

Accordingly to ODS-Petrodata’s 12-monthly rolling forecast between February 2006 and January 2007, the demand for semisubmersibles is expected to rise from 141 to 167 units while the marketed supply remains inelastic from 152 to 153. Even as utilisation levels approach full capacity, global demand for the mobile offshore drilling units shows no sign of slowing down.

Said Mr Jon A. Marshall, President & CEO of GSF, “We are looking forward to working again with Keppel FELS on our newbuild semi. Keppel FELS has a track record of well designed and built rigs that have been delivered on schedule.

“In the last few years, GSF has sent a number of rigs to Keppel for repair and upgrading. They have been very responsive and professional. I am certain that the new semi will be a great addition to our fleet.”

The DSS-51 rig is maintenance-friendly with excellent safety features well suited for both exploration and development drilling as well as workover operations. With a dynamically positioned system (DPS 2), it can drill wells down to 10,000 m (30,000 ft) and operate in water depths of up to 3,048 m (10,000 ft) in environments such as offshore Brazil, the Gulf of Mexico, West Africa and South East Asia.

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

Highest-Pull Wireline Conveyance System from Schlumberger

Schlumberger announced today the launch of the MaxPull high-pull wireline conveyance system that can pull from 18,000 lbf to 30,000 lbf in wells 40,000 ft [12,192 m] deep or more.

Cyberhawk Sinks Claws into US O&G Market

Cyberhawk Innovations, the world leader in aerial inspection and survey using Unmanned Aerial Vehicles (UAV), is set to boost its international credentials with

DNS Appoints Esson, Chief Executive

Decom North Sea (DNS), the representative body for the offshore decommissioning industry, which promotes and facilitates collaboration and cost reduction, today appointed a new chief executive.

Ports

India Seeks Stake in Iran LNG Terminal

Indian Petroleum Minister Minister Dharmendra Pradhan says India has expressed interest in setting up an LNG terminal at Chahabar port in Iran to ship back home natural gas from Persian Gulf nation,

Northwest Seaport Alliance Joins Green Marine

The Northwest Seaport Alliance has signed on to participate in Green Marine, North America’s largest voluntary environmental certification program for the maritime industry.

Abu Dhabi Ports Reports Q1 Volume Surge

Abu Dhabi’s RoRo volumes up 31 percent; general and bulk cargo increases 13 percent; container cargo edges up 5 percent   Abu Dhabi Ports, the master developer,

 
 
Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators 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: 0.0859 sec (12 req/sec)