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.

Contracts

Matson Orders Two ConRo Ships from NASSCO

Matson Navigation Company, Inc., a subsidiary of container shipper Matson, Inc., has signed a contract with U.S. shipbuilder General Dynamics NASSCO to build two

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

J.F. Lehman Acquires Oldenburg's Heavy Equipment Group

J.F. Lehman & Company (JFLCO) informs it has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

Shipbuilding

Matson Orders Two ConRo Ships from NASSCO

Matson Navigation Company, Inc., a subsidiary of container shipper Matson, Inc., has signed a contract with U.S. shipbuilder General Dynamics NASSCO to build two

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

Heavy Lifting: Giant Pipe Racks Shipped for New FPSO

From Brazil to China and then back to Brazil, five pipe racks and three modules weighing a total of 1,871.51 metric tons and measuring 24,075 m³ will be transported

Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Simulators 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: 0.0946 sec (11 req/sec)