Keppel FELS Delivers First of 20 Rigs for 2013

Press Release
Sunday, January 27, 2013

Keppel FELS is delivering its first rig of 2013, 'Dynamic Vision', to Dynamic Offshore subsidiary Vision Drilling.

The KFELS B Class jackup rig, Dynamic Vision, is the first of the 20 offshore rigs that Keppel FELS is expected to deliver in 2013 and will be delivered almost two months ahead of schedule (with a perfect safety record), to garner an early delivery bonus of about US$ 1 million.

Built and optimised to meet the unique environmental requirements of India, Dynamic Vision is capable of operating in water depths of 350 feet and drilling down to 30,000 feet. Keppel's advanced and fully-automated high capacity rack and pinion elevating system and self-positioning fixation system have been incorporated into the design.

Mr Lam Yi Young, Chief Executive of the Maritime and Port Authority of Singapore, speaking as the Guest of Honour at the naming ceremony today, said, "The offshore and marine industry is a key part of Singapore's economy and we are proud that Keppel, a home-grown company, has established itself as a global leader in the design, construction and repair of mobile offshore rigs. The successful delivery of Dynamic Vision is testament to Keppel's proven capabilities and the strong industry partnerships it has built up."

Mr Wong Kok Seng, Managing Director (Offshore), Keppel Offshore & Marine and Managing Director, Keppel FELS added, "We are pleased to be able to deliver our first rig of 2013 two months ahead of schedule. It augurs well for the rest of the 19 rigs that we expect to deliver this year. For the month of January alone, we are delivering three rigs. Our ability to deliver these rigs on time or ahead of time and safely is due to two factors; the continuous process and productivity improvements we have implemented in the yard; and the fact that the majority of the rigs being built are to our proprietary designs.
 

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

Shipbuilding

ClassNK Approves Fillet Welding Consumable

Classification society ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to

Damen Lays Keel for Indonesian Naval Frigate

In accordance with the agreed planning in the contract for the construction of a Damen SIGMA Frigate for the Indonesian Navy, the keel laying ceremony has taken place on April 16,

Offshore Service Vessels Design Innovation

It could be argued that no other sector of the maritime market has experienced a design innovation revolution quite like the Offshore Service Vessel (OSV) market.

Offshore

Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges

Offshore Service Vessels Design Innovation

It could be argued that no other sector of the maritime market has experienced a design innovation revolution quite like the Offshore Service Vessel (OSV) market.

Offshore: Seacor Raises the Bar Again

Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, Seacor Marine will be attracting industry attention once again when its latest

Offshore Energy

Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges

Offshore: Seacor Raises the Bar Again

Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, Seacor Marine will be attracting industry attention once again when its latest

US 2014 Petroleum Production: Why Hubbert was Wrong

Combined production of crude oil, gas and condensates in the United States is on course to a hit a record this year, passing the previous peak set in 1972. The

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators 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: 0.1217 sec (8 req/sec)