Keppel to Build $800 Million Semisubmersible

MarineLink.com
Tuesday, June 04, 2013

Keppel Offshore & Marine Ltd. (Keppel O&M) through its subsidiaries Caspian Rigbuilders BV (an affiliated company of Keppel FELS) and Caspian Shipyard Company (CSC), has secured a contract from Caspian Drilling Company Ltd., a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR), to build a semisubmersible drilling rig, which includes owner furnished equipment, worth about $800 million.
 


Scheduled for delivery in 4Q 2016, the rig will be built to Keppel FELS' proprietary DSSTM 38M design, which has been customised for the Caspian Sea's harsh environment condition.
 


The DSSTM 38M is designed for a drilling depth of up to 40,000ft and operations in 1,000m water depth. To meet the customer's requirements, it has been outfitted to include an 800m self-contained eight point mooring system designed to meet high wind speeds in the harsh Caspian environment. The pontoons have been designed for the rig to transit in channels with shallow draft of less than seven meters.



Mr. Tong Chong Heong, CEO of Keppel O&M said, "Keppel O&M will harness the synergies of its global network of yards in the design and construction of this rig."



Keppel's yard in Azerbaijan, CSC, will carry out the fabrication, integration, testing and commissioning of the rig while its joint-venture yard with SOCAR, Baku Shipyard LLC, will undertake part of the fabrication of the pontoons and columns. Keppel FELS will provide engineering, procurement and technical support.



Jointly developed and owned by Keppel's Deepwater Technology Group and Marine Structure Consultants, the DSSTM 38M design is an enhanced design of the successful DSSTM 38 rigs that are operating in Brazil.



The Caspian Sea holds a tremendous amount of untapped oil and gas reserves and Azerbaijan is the largest offshore producer in the region of both oil and gas. SOCAR stated recently that it intends to build more rigs in the near future.

Maritime Today


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

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

IOCs Stress on OSV Fuel Management Performance

Growing insistence by international oil companies (IOCs) that oilfield contract vessels (OSVs) are fitted with fuel monitoring systems has prompted an upsurge in

Furuno Establishes China Subsidiary

FURUNO ELECTRIC CO., LTD. announced that its new subsidiary in Hong Kong has been established and has commenced business operation on February 1, 2016.   The new subsidiary, FURUNO CHINA CO.

Edison Chouest Opening Mississippi Shipyard

Edison Chouest Offshore locating shipbuilding operations, TopShip, LLC, in Gulfport, Miss.   Gov. Phil Bryant and officials from Edison Chouest Offshore, an offshore

Contracts

Australia Submarines: Japan Vs France

While Japan is confident it has proven itself the best contender to build Australia's new submarines, the French have moved to undermine Japan’s bid to build the navy’s new submarines.

Novoship to Install Ecochlor BWTS on 4 Tankers

SCF Novoship Technical Management has selected the Ecochlor Ballast Water Treatment System (BWTS) to be retrofitted on three Aframax Oil Tankers and one Product Carrier.

Optimarin Breaks into the Fishing Market

Ballast water treatment (BWT) specialist Optimarin has landed its first ever contract in the fishing segment. The Norwegian firm will now supply its soon to be

Shipbuilding

Australia Submarines: Japan Vs France

While Japan is confident it has proven itself the best contender to build Australia's new submarines, the French have moved to undermine Japan’s bid to build the navy’s new submarines.

Elbit Systems Introduces Seagull

Israel’s Elbit Systems unveiled a prototype of what it claims is the world’s first unmanned system for anti-submarine warfare (ASW) missions.   Developed in less

Edison Chouest Opening Mississippi Shipyard

Edison Chouest Offshore locating shipbuilding operations, TopShip, LLC, in Gulfport, Miss.   Gov. Phil Bryant and officials from Edison Chouest Offshore, an offshore

Offshore

ALMACO Wins Statoil Order for 450 Cabins

ALMACO Group was awarded the contract to build 450 NORSOK-compliant Modular Cabins for Statoil’s Johan Sverdrup fixed platform at Apply Leirvik’s yard in Stord, Norway.

Three Dead on Pemex Platform, Fire Under Control

Three workers were killed and at least seven injured when a fire broke out on a Pemex oil processing platform in the Gulf of Mexico, but the latest in a string of incidents is now under control,

Topaz Responder Saves Refugee Migrants

Topaz Energy and Marine has emerged as an unlikely player in the effort to save refugee migrants risking their lives on the sea crossing from Turkey to Greece’s islands in order to reach Europe.

Environmental

States Urged to Ratify Compensation Regime for Hazardous and Noxious Cargoes

The International Maritime Organization (IMO), together with the International Oil Pollution Compensation Funds (IOPC Funds) and the International Tanker Owners Pollution Federation (ITOPF),

SevenCs Supports MariGreen Project

SevenCs is part of the EU INTERREG V A cross-border project “MariGreen” to support the maritime industry in the transition towards more efficient, greener and more sustainable shipping.

LNG Bulker Cements Thordon's Green Future

Sea trials aboard Greenland, the world’s first LNG-fuelled short-sea dry bulk vessel, have validated the performance of Thordon Bearings COMPAC propeller shaft solution,

 
 
Maritime Security Naval Architecture Navigation 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: 0.1084 sec (9 req/sec)