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38E News

01 Oct 2012

GE Power Conversion Inks Petrobas Drilling Rig Contracts

Semi-submersible: Image credit GE Power Conversion

GE’s Power Conversion Business signs US$120-million contracts to support Petrobras’ Pre-Salt Drilling Program. GE’s Power Conversion business has been selected by Keppel Offshore & Marine Ltd, a leading designer and builder of high-performance mobile offshore rigs, to supply the electrical power generation, thruster and drilling drive technology for six new semi-submersible drilling rigs for Brazil. Brazil is one of the world’s largest oil producers, and its national oil company Petrobras has plans for $224 billion in capital expenditures from 2011 to 2015. Keppel Offshore & Marine Ltd.

07 Aug 2012

Keppel Signs $4.1B Deal

The offshore industry, and specifically Brazil, continue to be a driver for maritime markets, as Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Fernvale Pte. Ltd., signed contracts with Sete Brasil Participações S.A. (Sete Brasil), for the design and construction of five additional semisubmersible (semi) drilling rigs for approximately $4.1b, following the Letter of Intent announced in April 2012. The five semis will be based on Keppel's DSSTM 38E design, which has improved capability and operability, making it well suited to meet the stringent requirements of the deepwater "Golden Triangle" region of Brazil, Africa and the Gulf of Mexico. The semis are scheduled for delivery in 4Q 2016, 3Q 2017, 2Q 2018, 4Q 2018, and 3Q 2019 respectively.

06 Jul 2012

NATO Piracy Retrospect of Past Week

Image credit EUNAVFOR

On 29 June 2012 a dhow Pirate Attack Group (PAG) was disrupted at position 14 02N 051 25E approximately 145nm North West of Socotra Island. This is the same dhow which attacked a merchant vessel on 27 Jun at position 14 23N 054 38E. Pictures supplied from the merchant vessel during this recent attack led to the rapid release of this pirated dhow. Activity over the past two weeks shows that pirate activity can still take place during the South-West Monsoon and that pirates are operating closer to shore to avoid severe conditions further out to sea.

12 Apr 2012

Keppel to Build Five Semis for $4.12 Billion for Sete Brasil

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiaries, Keppel FELS Brasil S.A. and Estaleiro BrasFELS Ltda, has signed a Letter of Intent (LOI) with Sete Brasil Participações S.A. (Sete Brasil), for the design and construction of five additional semisubmersible (semi) drilling rigs based on Keppel's proprietary DSSTM 38E design. The aim of the LOI is to facilitate Keppel O&M's preparation work on these potential projects, pending the signing of the final construction contracts. The total value of the contracts, if and when successfully agreed and executed between Keppel O&M and Sete Brasil, will be approximately $4.12 billion. Earlier in December, 2011, Keppel O&M secured one semi to be built to the same DSSTM 38E design from Sete Brasil.

22 Dec 2011

Keppel Wins $809m Contract from Sete Brasil

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.