Keppel Secures $225 Million Order From Ensco
Keppel FELS Limited, a wholly-owned subsidiary of Keppel Offshore & Marine has secured a contract to construct a KFELS B Class jackup rig, ENSCO 110, from Ensco plc (ESV). The construction cost, together with the commissioning, systems integration testing and project management is expected to be approximately $225 million (USD). It is the 61st KFELS B Class Jackup ordered since 2000.
When completed in 1Q 2015, it will be the fourth KFELS B Class Bigfoot jackup rig in Ensco's fleet. Keppel (KPELF) has built a long-term partnership with Ensco having delivered 16 newbuild projects to them with another four on order, including this latest contract.
The KFELS B Class Bigfoot rig is able to operate in water depths of up to 400 feet and drill to 30,000 feet deep. ENSCO 110 will have a nominal variable deck load of 7,500 kips and a cantilever load of 2,500 kips. It will also feature a 1.5 million-pound derrick, TDS-8 top drive and 15k BOP. Ensco has customised the rig to add dual drilling fluid capability and to upgrade the living quarters to six one-person and 67 two-person rooms.
Developed by Keppel's technology arm, Offshore Technology Development, the KFELS B Class jackup design provides maximum uptime with reduced emissions and discharges.