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 Wins $534m in Rig Contracts
The new tender rig is an enhancement of the proprietary KFELS SSDT 3600 design rigs, West Setia (seen here) and West Berani, which Keppel FELS has designed and built for Seadrill Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Corporation Limited, has secured two rig contracts amounting to $534m. The contracts are for the construction of a drilling-cum-production jackup rig and a deepwater drilling tender rig. Both rigs will be built to Keppel’s proprietary design. The first contract, worth $400m, is for the third KFELS N Class jackup rig for Skeie Drilling and Production, a member of the Skeie Group. The new rig is expected to be delivered in the 4Q of 2010. “Having three KFELS N Class orders in less than half a year is strong endorsement for this innovative design.
Keppel Divests Stake in Ultra Deepwater Tender Rig
Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), will divest its entire 72 percent interest in the rig, West Berani, to SeaDrill Asia Limited (SeaDrill Asia) for approximately $72m. This divestment follows the completion of the semisubmersible drilling tender (SSDT), which was delivered on time today. In May 2005, Keppel FELS entered into an agreement with SeaDrill Asia, formerly Smedvig Asia, to own and operate the SSDT on a 72/28 basis respectively. SeaDrill Asia had the option to exercise Keppel FELS’ interest in the rig upon completion. This is the fifth deepwater tender drilling rig that Keppel has built for SeaDrill Asia since 1994.
