Keppel Secures Order for Jackup Rig

Keppel FELS Limited (Keppel FELS) has secured a repeat order for a KFELS N Class jackup rig for $392m from ProdJack AS, a member of the Skeie Group. The new rig is slated for delivery in the third quarter of 2010.

Characterized by severe wind gusts and waves over 98.4 ft high, the North Sea is said to be one of the world’s most challenging areas for oil and gas exploration and production. Developed by Keppel’s R&D arm, Offshore Technology Development, the KFELS N Class jackup rig will provide customers the flexibility of having a unit that can undertake drilling and production activities concurrently for exploitation in marginal fields. Capable of operating in water depths of up to 430 feet and drilling depths of down to 35,000 feet, the rig will have features to readily accept process modules for production activities. The design is in full compliance with the demanding and technical challenging requirements of rigs operating in the Norwegian sector of the North Sea.

When completed, the KFELS N Class rigs will be the largest jackup rigs ever to be built in Singapore. It will also be among the world’s largest jackup rigs to be constructed for the North Sea.