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Floatel International Ltd News

29 Sep 2016

Keppel FELS Delivers Accommodation Unit to Floatel

Floatel Triumph (Photo: Floatel)

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Floatel Triumph, a fifth high-specification accommodation semisubmersible (semi), to Floatel International Ltd (Floatel). The semi, which is built to Keppel's proprietary SSAUTM5000NG design, will be chartered by Chevron Corporation for work in the Wheatstone field in Western Australia. Floatel Triumph is scheduled to arrive on location in mid-October 2016. Thereafter, it will work for INPEX Operations Australia in Ichthys Field, off Western Australia.

11 Mar 2016

Keppel to Deliver Semisub to Floatel

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) is on track to deliver a fifth high-specification accommodation semisubmersible (semi) to Floatel International Ltd (Floatel) on time, on budget and with a perfect safety record. The semi, which is built to Keppel's proprietary SSAUTM 5000NG design, was named Floatel Triumph during a ceremony held earlier today. It will be chartered by INPEX Operations Australia for work in Ichthys Field, off Western Australia. Mr Wong Kok Seng, Managing Director of Keppel O&M (Offshore) and Keppel FELS, said, "We are pleased to deliver a fifth accommodation vessel to Floatel safely, on time and on budget.

19 Nov 2013

Keppel FELS Delivers Third Accommodation Rig to Floatel

Floatel Victory

Keppel FELS Limited (Keppel FELS) celebrated the naming of their third consecutive accommodation semisubmersible (semi) rig built for Floatel International Ltd (Floatel). The rig will be delivered more than four months ahead of schedule and within budget. The rig was named Floatel Victory on November 19, 2013 at Keppel FELS and will be chartered to Chevron for work in the Gulf of Mexico and BP in the West Shetlands. The first two accommodation semis – Floatel Superior and Floatel Reliance – which Keppel FELS had built for Floatel, were delivered in 2010 to the same high standards of execution.

16 Sep 2013

Keppel FELS wins IES Award for Rig Design

Keppel FELS Ltd’s (Keppel FELS) innovative and harsh environment accommodation semisubmersible design, DSS 20NS ,was conferred the IES Prestigious Engineering Achievement Award 2013 by the Institute of Engineers Singapore (IES) at the World Engineers Summit Gala Dinner and Award Presentation, held in Singapore on 13 September 2013. Guest of Honour of the event, Dr Vivian Balakrishnan, Singapore’s Minister for the Environment and Water Resources, presented the award to Keppel FELS.

20 Aug 2013

Floatel Orders Fifth Keppel Accommodation Semi

Floatel Victory (Photo: Floatel)

Keppel FELS Ltd. was awarded a contract worth about $280 million by Floatel International Ltd. to build its fifth accommodation semisubmersible (semi) for delivery in the fourth quarter of 2015. Keppel FELS previously delivered the accommodation semis, Floatel Superior and Floatel Reliance, in 2010 and is currently constructing two more: Floatel Victory and Floatel Endurance. The new semi will be a sister vessel to Floatel Victory and will be built to Keppel's proprietary SSAUTM5000NG design.

04 Apr 2013

Offshore Rig Accommodation: Floatel Share Offering

Floatel International Ltd is contemplating issuance of approximately USD 150 million new shares on the Oslo stock market. The company says its share placement will further strengthen their position as a leading provider of high-specification, modern accommodation vessels to the offshore oil and gas industry. The proceeds from the Private Placement will be used to finance the Company’s new build program for accommodation vessels at Keppel FELS Shipyard, growth capex and for general corporate purposes. The Company has retained Fearnley Securities and Pareto Securities as joint lead managers and joint book-runners in connection with the Private Placement. ABN-Amro and SEB Enskilda have been appointed as co-managers.

21 Nov 2012

Norsafe Freefall Lifeboat Spurs Huge Demand

GES50 MKIII freefall lifeboat: Photo credit Norsafe

Norsafe received orders worth NOK 400-million (US$ 45.3-million) over the course of October 2012, & backlog at record height. "It is Norsafe’s newly developed GES50 MKIII freefall lifeboat which accounts for the bulk of these orders," says CEO Geir Skaala, adding that the international demand for this product is fantastic. GES50 MKIII (Gravity Escape System) is certified according to the DNV-OS-E406, the world's strictest requirements for freefall lifesaving systems, applicable on the Norwegian continental shelf from 2015.

22 Aug 2012

Keppel Contracted to Build Floatel Semi-submersible

Floatel 'Superior': Photo credit Floatel International

Keppel and Floatel sign contract for a fourth accommodation semi at US$ 315-million. Keppel FELS Limited and Floatel International Ltd (Floatel) have finalised a contract for Keppel FELS to build a new generation harsh environment accommodation semisubmersible. With delivery in early 2015, the new semi will be built to the Floatel Superior design, a DSSTM 20NS design developed by GustoMSC and Keppel FELS' Deepwater Technology Group. Equipped with Dynamic Positioning (DP) 3 capability, it will meet the most stringent rules and regulations for worldwide operations including the Norwegian Sector.

28 Mar 2012

Keppel to Build Semisubmersible for Floatel for $315 Million

Keppel FELS Limited (Keppel FELS) has entered into a Letter of Intent (LOI) with returning customer Floatel International Ltd (Floatel), to build a new generation harsh environment semisubmersible (semi) worth $315 million for delivery in July, 2014. This will be Floatel's fourth accommodation semi with Keppel FELS after the delivery of Floatel Superior and Floatel Reliance in 2010 and the order of Floatel Victory in 2011. The new semi will be based on the Floatel Superior design, a DSSTM 20NS design developed by GustoMSC and Keppel FELS' Deepwater Technology Group. Equipped with Dynamic Positioning (DP) 3 capability, it will meet the most stringent rules and regulations for worldwide operations including the Norwegian Sector.

13 Jun 2011

Keppel to Build New Generation Accommodation Semi

Keppel FELS Limited (Keppel FELS) has been awarded a contract worth about US$260 million by returning customer, Floatel International Ltd (Floatel), to build a new generation accommodation semisubmersible (semi) for delivery in 1Q 2014. This new rig developed by Keppel O&M's Deepwater Technology Group, will be built to the SSAU4000NG design with Dynamic Positioning (DP) 3 capability. It marks Keppel FELS' third accommodation semi project with Floatel, after the delivery of Floatel Reliance (SSAUTM 3600 with DP2) and Floatel Superior (DSSTM 20NS with DP3) last year. The SSAU4000NG is an enhancement of the proven SSAUTM 3600 design, with improved capability and operability.

19 Nov 2007

Keppel Corp Wins $206m Contract

Keppel Corp said its unit Keppel FELS Ltd has won a $206m contract from Floatel International Ltd to build a 500-men semi-submersible vessel. The vessel is expected to be delivered by December 2010. This is the second contract awarded to Keppel FELS by Floatel in six months. Source: Thomson Financial