Keppel Wins $534m in Rig Contracts

Monday, June 25, 2007
The new tender rig is an enhancement of the proprietary KFELS SSDT 3600 design rigs, West Setia (seen here) and West Berani, which Keppel FELS has designed and built for Seadrill Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Corporation Limited, has secured two rig contracts amounting to $534m.

The contracts are for the construction of a drilling-cum-production jackup rig and a deepwater drilling tender rig. Both rigs will be built to Keppel’s proprietary design. The first contract, worth $400m, is for the third KFELS N Class jackup rig for Skeie Drilling and Production, a member of the Skeie Group. The new rig is expected to be delivered in the 4Q of 2010.

“Having three KFELS N Class orders in less than half a year is strong endorsement for this innovative design. It reinforces our confidence that the rig has what it takes to meet market requirements for highly robust rigs in the North Sea type of conditions,” said Choo Chiau Beng, Chairman & CEO of Keppel Offshore & Marine (Keppel O&M), parent company of Keppel FELS.

Developed by Keppel O&M’s R&D arm, Offshore Technology Development, the KFELS N Class jackup rig will provide customers the flexibility of having a unit that can undertake drilling and production activities concurrently. Capable of operating in water depths of up to 430 ft. and drilling depths of down to 35,000 ft., the rig will have features to readily accept process modules for production activities. The design is in full compliance with the demanding and technically challenging requirements of rigs operating in the Norwegian sector of the North Sea. The second contract is from repeat customer Seadrill Asia Limited (Seadrill Asia) for a semisubmersible drilling tender (SSDT) at $134m.

Slated for delivery at end 2009, the drilling tender will be built to Keppel FELS’s proprietary design, the KFELS SSDT 3600E.

This new tender rig will be an enhancement of the last two KFELS SSDT 3600 design rigs, West Setia and West Berani, which Keppel FELS built for Seadrill Asia. The enhanced version includes modifications such as increased crane load capacity to 250 tons, four mud pumps and accommodation and services for 160 personnel.

The Keppel O&M group has built a total of five tender drilling rigs for Seadrill Asia, formerly Smedvig, since 1994. All the five rigs are gainfully deployed across the world. The first rig, West Pelaut, was voted ‘Shell Platform Rig of the year’ in 2006 for consistent long term performance. The last rig, West Berani, was successfully put into operation in Kuantan, East Malaysia, immediately after its delivery in December 2006.

Seadrill Asia’s parent company, Seadrill Limited, has also ordered four jackup rigs with Keppel FELS, of which three are currently under construction. The first of the four, West Ceres (ex Seadrill 3), was delivered on time and within budget in 2006.

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

People & Company News

Unique Technologies Improve Port Security

Practical results from the SUPPORT (Security UPgrade for PORTS) project, coordinated by BMT Group Ltd. and part-funded by the European Commission’s FP7 Security

CMM Takes Delivery of Damen PSV for Brazil

New supplier CMM Gravity to start on long-term contract with Petrobras. CMM has taken delivery of a Damen Platform Supply Vessel 3300. The 80-meter, 3,300t deadweight

Ship as Lifeboat Concept Disputed by ICV

A recent meeting at the National Transportation Safety Board in Washington, D.C. (attended by International Cruise Victims (ICV) Board representatives) discussed

Offshore

BP Gulf Spill Trial Set For January

The high-stakes penalty phase of BP's trial over its role in the 2010 U.S. Gulf of Mexico oil spill will start next January, court officials said on Tuesday,

North Sea Maintenance Offsets Lack of Sales to Asia

North Sea Forties crude differentials were unchanged on Tuesday in light trade, supported by upcoming North Sea maintenance, but the forward curve weakened due

Saipem: A Fleet Grows in Brazil

As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.1794 sec (6 req/sec)