Keppel Wins $809m Contract from Sete Brasil

Thursday, December 22, 2011

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Fernvale Pte. Ltd., has secured a contract worth approximately $809m from Urca Drilling B.V., a subsidiary of Sete Brasil Participações S.A. (Sete Brasil), for the design and construction of a semisubmersible (semi) drilling rig based on Keppel's proprietary DSSTM 38E design. The DSSTM 38E is an enhancement of Keppel's proven fifth generation deepwater solution, the DSSTM 38. With improved capability and operability, it is designed to meet the stringent requirements of the deepwater "Golden Triangle" region, comprising Brazil, Africa and the Gulf of Mexico.

Scheduled for delivery in 4Q 2015, the rig is intended to support the exploration of Brazil's estimated 50 billion barrels of deep-sea oil and gas reserves1. Brazil is currently the world's 11th largest oil producer and is expected to be in the top five by 2020. Its national oil company, Petrobras, has plans for $224 billion in capital expenditure from 2011 to 20152. According to Sete Brasil's Chief Executive Officer, Joao Carlos Ferraz,"Keppel designed rigs have an established track record of operating efficiently in their respective fields and we are confident that the DSSTM 38E rig will be well suited for offshore Brazil. As we grow our fleet of drilling rigs to meet the demands of our customers, partnering reliable shipyards which can deliver quality rigs on time and within budget is an imperative for us." 
Sete Brasil specializes in chartering drilling rigs for Brazil's pre-salt exploration. An innovative and cost-effective design, the DSSTM 38E is rated to drill to depths of 10,000m below the rotary table in 3,000m water depth. It is 108m in overall length, with a main deck size of 73 x 73m.  Its operational displacement is approximately 45,000 tons.
The DSSTM 38E has accommodation facilities to house a crew of up to 160 men. It has both vertical and horizontal riser storage. The vessel is designed to stay in position via eight Azimuthing thrusters and the configurations comply with the ABS Dynamic Positioned System (DPS-3) requirements. Chow Yew Yuen, Keppel O&M's Managing Director and President of the Americas said, "We are proud that our proprietary DSSTM 38E design has been chosen by Sete Brasil as their first semi. It is an enhancement of the design from our first  two drilling rigs built for Brazil, Gold Star and Alpha Star. The two rigs are now successfully operating in offshore Brazil and we are confident the DSSTM38E will follow in their footsteps.
"We are pleased to be able to partner Sete Brasil in developing drilling solutions for Brazil's deepwater oil fields. Having delivered several key projects such as the P-52, P-51 and P-56 that have increased Brazil's production capabilities, we look forward to developing rigs that will further boost Brazil's offshore drilling resources.
"Having a proven shipyard in Brazil also ensures that we are able to satisfy any local content requirements. With a suite of proprietary deepwater drilling rig designs and more than 30 years of experience participating in Brazil's oil and gas industry, we aim to provide cost-effective and value-added propositions for Brazil's offshore and marine industry."
Jointly developed and owned by Keppel's Deepwater Technology Group and Marine Structure Consultants, the DSSTM 38E design is in the league of some of the world's most advanced drilling semisubmersibles. The two DSSTM38 semis, Gold Star and Alpha Star, previously delivered by Keppel FELS to Brazil's Queiroz Galvão Óleo e Gás (QGOG), are operating efficiently without disruption in offshore Brazil for Petrobras.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

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


Euroseas Sells C/V Marinos

Euroseas Ltd.  an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

New Appoitments at Becker Marine Systems USA

Becker Marine Systems USA continues growth in North America. Becker Marine Systems, the leader in rudder technology and the inventor of the Becker Mewis Duct

DP World, SCA Pact for Ain Sokhna Port Development

Suez Canal Authority (SCA) and the Red Sea Ports Authority signed an agreement with Dubai Ports World (DP World) and Sonker Bunkering Company for the development of Egypt’s Ain Sokhna seaport,


BIMCO Signs New LNG And Shipbuilding Supervision Contracts

The twice yearly meeting of BIMCO’s Documentary Committee took place in Hamburg on 19 November. In his first meeting as Chairperson of the Committee, Belgium’s

Damen Marine Components Opens Jiangyin Plant

Damen Marine Components (DMC) is proud to announce the opening of its brand new facility in Jiangyin, China.Those present at the opening ceremony included CEO

Henriksen Unveils Strongest SOLAS Boat Lifting Hook

H Henriksen of Norway has received SOLAS certification for a new off-load single-point boat lifting hook capable of holding up to 22.5-tonnes. The quick release


Sandra Weakens to Tropical Storm off Mexico's Coast

Hurricane Sandra weakened to a tropical storm on Friday and was expected to continue losing strength as it approached Mexico's Pacific coast, the U.S. National Hurricane Center (NHC) said.

Extended Warranty from Yanmar for Sailboat Engines

Yanmar Marine International B.V. has introduced an extended 3 years’ period of YANMAR Limited Warranty for Sailboat Engine Models. This extended warranty of

Fugro's Havila Harmony to join MH370 Search

Fugro is providing an additional vessel, the Havila Harmony, to join the search for the missing flight MH370 in the southern Indian Ocean. From the 93-metre multi-role vessel,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.0935 sec (11 req/sec)