Keppel FELS Partners With ENSCO
Keppel FELS Limited (Keppel FELS) has secured a contract to build a semisubmersible drilling platform, ENSCO 8500, for a subsidiary of ENSCO International Incorporated (ENSCO). The total project value is approximately $312 million and is expected to be completed in 32 months. ENSCO has secured for ENSCO 8500 a drilling contract with a consortium of three independent oil companies for operation in the Gulf of Mexico. This agreement is for a four-year primary term with an option for the extension of the term. “Keppel FELS is glad to team up with ENSCO to develop a cost-efficient solution for their ultra-deepwater drilling needs,” said Mr Choo Chiau Beng, Chairman and CEO of Keppel Offshore & Marine Ltd (Keppel O&M), the parent company of Keppel FELS.
Keppel FELS Delivers Jackup Rig
Keppel FELS Limited (Keppel FELS), a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), delivered a KFELS B Class jackup rig to the National Drilling Company of Abu Dhabi (NDC) 18 days ahead of schedule. At its inauguration ceremony held in Abu Dhabi recently, Mr Tong Chong Heong, Managing Director/Chief Operating Officer of Keppel O&M, said, "The early delivery of Al-Hail is testament to Keppel's promise to our customers to complete our projects on-time, on-budget and above all, safely. We are fully committed to this amid our heavy orderbook. Al-Hail is NDC's first newbuild jackup in 20 years. It is also the first KFELS B Class jackup customised to meet NDC's requirements for a cost-effective rig.
Keppel FELS LOI for Two Newbuild Jackups, $360M
Keppel Corporation Limited announced that its wholly-owned subsidiary, Keppel FELS Limited, has entered into a Letter of Intent with Mermaid Maritime Public Company Limited to build two KFELS B Class jackup rigs worth $360m. In addition to these, Mermaid will have options to build another two similar jackup units. In the event that the proposed deal proceeds, the first two jackup rigs will be scheduled for delivery on 1 December 2012 and 1 March 2013 respectively. If exercised, the options for the additional two rigs are expected to bring the total contract value to above $700m. Further announcement will be made in due course if and when the rig construction and option contracts are executed.
Keppel FELS Awarded Contract
Keppel FELS Limited (KFELS) has earned a cash bonus and another contract from Diamond Offshore Drilling Inc. to upgrade the sister rig, Ocean Rover. The $60 million project on Ocean Baroness only took 17 months and was delivered well ahead of schedule and on budget as well. While work was still in progress in November 2001, the owner, Diamond Offshore was so satisfied with the job that they awarded KFELS with the contract on Ocean Rover. Lawrence Dickerson, president and chief operating officer of Diamond Offshore said, “The upgrading of the Ocean Baroness was an outstanding workmanship by Keppel FELS. The timely delivery of this rig will bring substantial benefits to us. The Ocean Baroness will be the choice tool in the next phase of deepwater drilling.”
Keppel FELS to Deliver Semisubmersible Rigs
Keppel FELS Limited (Keppel FELS) is on track to deliver ENSCO 8504, the fifth of seven ENSCO 8500 Series® ultra-deepwater semisubmersible drilling rigs being built exclusively for Ensco plc (NYSE: ESV). Keppel FELS expects to deliver the rig on time, within budget and with no lost time incidents. ENSCO 8504 has been contracted to TOTAL E&P Deep Offshore Borneo B.V. for deployment in Brunei. The rig was named at Keppel FELS today by Lady Sponsor, Mrs. Maika Grosjean, in the presence of Guest-of-Honour, Mr Teo Ser Luck, Singapore's Minister of State for Trade and Industry. Designed to address some of the most demanding offshore drilling requirements at water depths up to 8…
Keppel Fels Repairs Tam Dao Drilling Rig
Keppel Fels Limited has completed its $10 million contract with Vietnam-Russian joint venture company Vietsovpetro for the repair of jack up drilling rig Tam Dao. The MSC CJ 50 design rig was built by Keppel in 1988 and has since been operating in Vietnam with positive commercial returns for the owner/operator. Keppel performed the last repair on Tam Dao in 1992. Per the contract, Keppel Fels overhauled the rig's main generators, repaired its blowout preventer (BOP) units and jacking structures. The company also replaced some of the rig's drilling equipment, as well as refurbishing its existing derrick. Tam Dao's electrical, piping, automation and electronic systems were also repaired; drydock work consisted of hull painting.
Keppel FELS Adds Aoother Rig Order
Keppel FELS Limited (Keppel FELS) secured a $114 million contract from Odfjell Drilling to build a KFELS B class jackup rig. The contract includes an option for another two units, with price adjustment for increase in steel prices and currency fluctuations. The design of the jackup rig is proprietary to Keppel Offshore & Marine (Keppel O&M), the parent company of Keppel FELS. It is capable of operating in 350 feet water depths, drilling down to 30,000 feet and accommodating 110 men. The new rig is scheduled for delivery in the second quarter 2006.
Keppel FELS Signs Rig Agreement
Keppel FELS Limited (KFELS) has signed an agreement with a wholly owned subsidiary of the Skeie Group AS of Norway to build a rig for $126 million. To effect this agreement, financing for the construction of the rig must be completed by February 16, 2004. Construction of the rig is expected to be around 26 months. The rig to be built is a Keppel FELS MOD V B class enhanced jackup capable of operating in water depths of up to 350 ft. and deep drilling of down to 35,000 ft.. The owner has an option to order within the next six months an additional unit with the same technical specification as the first unit with price adjustment for currency fluctuations.
Keppel FELS Will Build TLP for Atlantia Offshore
Keppel FELS Limited (KFELS), the offshore arm of the Keppel Group, has secured a contract from Atlantia Offshore Limited to build a Tension Leg Platform (TLP) hull structure. The $22 million contract involves the construction of the hull structure of Atlantia’s Seastar TLP System, which supports a self-contained topside with full production, work over, utility and accommodation capabilities. The 84 feet diameter column hull structure, to be built in KFELS’ Pioneer Yard, consists of a central moon-pool and a Y-shape base pontoon for attachment of the mooring tendons. The project is expected to be completed by end December 2002 and the platform will operate in the Matterhorn Field located in the Gulf of Mexico.
Keppel FELS Delivers Rig to ENSCO
Keppel FELS Limited (Keppel FELS) delivered ENSCO 107, a KFELS B Class design jackup drilling rig to ENSCO International Inc (ENSCO) one month ahead of contractual schedule and within budget. Guest-of-Honor, Mr. S. Dhanabalan, chairman of Temasek Holdings Pte Limited and Mr. Lim Chee Onn, executive chairman of Keppel Corporation Limited, were present to witness the christening ceremony, which came one day after Keppel FELS and ENSCO inked a new contract for the construction of a $338 million semisubmersible. The Lady Sponsor for ENSCO 107 was Mrs. Mieke Koenders, wife of Mr. Eisso Koenders, vice president of ENSCO Offshore International and unit manager for the Asia Pacific region.
Keppel Deliver KFELS B Class Jackup
Keppel FELS Limited (Keppel FELS) will deliver a jackup to a wholly-owned subsidiary of SeaDrill Management (SeaDrill) on time and within budget. This is the third KFELS B Class rig that Keppel has completed within the first four months of 2006. During the christening ceremony of the jackup on April 21, 2006, Mr Choo Chiau Beng, Chairman & CEO of Keppel Offshore & Marine Limited (Keppel O&M), shared with the 300-strong guests, “The on-time delivery of the jackup is a showcase of the good management and execution of Keppel FELS. This rig is the first of four jackups that Keppel FELS is building for SeaDrill. Construction of the other three rigs is progressing well in accordance to schedule. Their expected deliveries are between mid 2007 and second quarter 2008.
Keppel to Build ENSCO Semisubmersible Rig
Keppel FELS Limited (Keppel FELS) has won a contract to build a $537m ultra-deepwater semisubmersible (semi) drilling rig from a subsidiary of ENSCO International Incorporated (ENSCO). This contract follows shortly after of the award of the fifth semi, ENSCO 8504, that was announced on May 6, 2008. This latest rig, ENSCO 8505, is the sixth consecutive semi of the ENSCO 8500 Series® that Keppel FELS is constructing, and is scheduled for delivery in the first half of 2012. Keppel FELS has delivered nine new jackup rigs to ENSCO, and is constructing six semis based on ENSCO’s proprietary design.
Keppel Wins Seadrill Contract Worth $160m
Keppel FELS Limited (Keppel FELS) has secured a $160m contract to build a repeat semisubmersible drilling tender (SSDT) for Seadrill Asia Limited (Seadrill Asia). Scheduled for delivery in first quarter of 2011, the drilling tender will be built to the KFELS SSDT 3600E model. The KFELS SSDT series is designed by Keppel Offshore & Marine Limited’s (Keppel O&M) R&D arm, the Deepwater Technology Group. When completed, the latest unit will join Seadrill Asia’s fleet of six other KFELS SSDT rigs, built by the Keppel O&M group. Keppel FELS is presently constructing the sixth drilling tender of this fleet, West Berani II, for delivery at end 2009.
Keppel FELS Completes Rig for Maersk
Keppel FELS Limited (Keppel FELS), the wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), and Maersk Contractors have inaugurated the new DSS 21 proprietary design semisubmersible (semi), which is also the most technically advanced deepwater drilling rig to be designed and completed by Singapore to date. The Maersk Developer was named in the presence of Guest-of-Honor, Mr Lim Boon Heng, Minister, Prime Minister’s Office, by Mrs. Kari Reinertsen, wife of Mr Øivind Reinertsen, President of StatoilHydro (North America Operations).
Keppel, Seadrill Continue Rig Builds
The wholly owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), Keppel FELS Limited, and Seadrill Jack-Ups Ltd have agreed to continue with the building of the two jackups on revised terms that are mutually beneficial. The contract value of the two jackups is $420m. Keppel FELS Limited and Scorpion Offshore have agreed to terminate the $405m rig contract on mutually acceptable terms. Scorpion Offshore is working closely with Keppel FELS in the latter’s exploratory discussions with interested third parties to take over the building of the semisubmersible. The outcome of these discussions are highly uncertain. Keppel Singmarine and Lewek Shipping are currently working towards an amicable mutual termination of their contract and this is expected to be finalised shortly.
Keppel FELS Delivers Jackup for ENSCO
Keppel FELS Limited (Keppel FELS) has delivered ENSCO 108, its ninth jackup rig for ENSCO International Inc (ENSCO) on schedule, within budget and with zero loss time incidents. Of this outstanding achievement, Mr Choo Chiau Beng, Chairman & CEO of Keppel Offshore & Marine, said, “Construction of ENSCO 108 was a true mark of the efficiency and precision in project design, management and execution. ENSCO 108 was named by Lady Sponsor, Mrs Marcia Hunzeker at a ceremony at Keppel FELS on 24 March 2007. Mrs Hunzeker is wife of Mr Russ Hunzeker, Drilling and Completions Manager of BP Tanguh. ENSCO 108 is built to Keppel’s proprietary KFELS B Class jackup rig design. She is expected to depart the Keppel FELS’ yard in April on her maiden assignment in Indonesia for BP.
Keppel FELS Secures Order for $191m Jackup
Keppel FELS Limited (Keppel FELS), the wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured a contract from PetroVietnam Drilling Investment Corp (PVD Invest) to build a $191m jackup drilling rig. The contract was secured following Keppel FELS’s successful delivery of PV Drilling I, a high quality jackup drilling rig, two months ahead of schedule in March 2007. Like PV Drilling I, the new rig will also be built to the KFELS B Class design. To be named PV Drilling II, it is slated for delivery in the fourth quarter of 2009.
Keppel FELS Delivers Jackup Rig
Keppel FELS Limited has delivered a KFELS B Class design jackup drilling rig to Seadrill Management AS (Seadrill), within budget and ahead of time. This rig was named West Prospero by Lady Sponsor Jocelyn Pedregosa Shearer, wife of Ian Shearer, Senior Vice President for Jackup Units of Seadrill on June 30, 2007. Liam Mallon, Chairman and Lead Country Manager of ExxonMobil Malaysia, graced the ceremony as Guest-of-Honor. West Prospero is the second KFELS B Class rig that Keppel FELS has delivered to Seadrill. The first rig, West Ceres (ex-Seadrill 3), was delivered to Seadrill in April 2006. Keppel FELS is building two more KFELS B Class jackup rigs for Seadrill. Construction of the other two rigs is progressing according to schedule.
Keppel Delivers PV Drilling III Jackup Early
Keppel FELS Limited (Keppel FELS) has been awarded a bonus of $460,000 for delivering the KFELS B Class jackup rig, PV Drilling III, early to PetroVietnam Drilling & Well Services Corp (PV Drilling). Completed 1.5 months ahead of schedule, without incidents, PV Drilling III has departed Keppel FELS for Vietnam to begin a five-year contract with Vietsovpetro in the Bach Ho field, offshore Vietnam. PV Drilling III completes the series of three KFELS B Class jackup rigs ordered by PV Drilling since 2005. The KFELS B Class rig is able to operate in water depths of 400 ft with a drilling depth of 30,000 ft. Versatility of PV Drilling III…
Keppel FELS Delivers First Rig of 2010
Keppel FELS Limited (Keppel FELS) has delivered Ensco 8502, the third of seven Ensco 8500 Series semisubmersible (semi) drilling rigs it has been contracted to build exclusively for Ensco International (NYSE:ESV). Delivered seven days ahead of schedule, Ensco 8502 is on track to commence operations in the U.S. Gulf of Mexico in the second quarter of 2010, under a two-year contract with Nexen Petroleum U.S.A. Inc. with term extension options. The early completion was a culmination of progressive productivity gains achieved by Keppel FELS on the construction of the Series. Construction lead time for Ensco 8502 was reduced by 1.1 million man-hours, as compared to the first rig in the Series. This represents a 15% boost in efficiency.
Saudi Aramco’s 1st Purpose-Built Jackup
Keppel FELS Limited (Keppel FELS) has secured a contract from Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, to build a customized KFELS Super B Class jackup rig. The contract is subject to a notice from the owner to proceed with construction by May 2010. Upon rig delivery, which is slated in the second half of 2012, the unit will be deployed by Saudi Aramco in the Middle East. Wong Kok Seng, Executive Director of Keppel FELS, said, “We are pleased to usher in 2010 with a newbuild project for Saudi Aramco.
Keppel Delivers Floatel Superior Early
Keppel FELS Limited (Keppel FELS) has delivered the semisubmersible accommodation rig, Floatel Superior, 43 days early, safely and within budget to Floatel International (Floatel). The vessel is now ready to commence operations. Floatel Superior will depart Singapore shortly for Bayu Undan in the Timor Sea where she will commence her maiden charter contract for ConocoPhillips Australia following 14 days of transit on her own propulsion. This new generation floatel is built to the DSS 20NS design…
Keppel FELS Divests Interest in Rig for $80m
Keppel FELS Limited (Keppel FELS) has transferred its entire 75% interest in ENSCO Enterprises Ltd II (JVC) to ENSCO Offshore International Company (ENSCO) for a cash consideration of US$80 million. The JVC is part of an alliance agreement with ENSCO to build, own and operate a jackup rig, ENSCO 106, valued at around US$105 million. The agreement carries an option for ENSCO to purchase Keppel FELS' entire interest in the rig prior to or upon delivery. The consideration is based on the book value of Keppel FELS’ 75% interest in the JVC.