Keppel Secures US$416 Million Jack-up Rig Contracts

Thursday, 27 January 2011 12:10

Theindonesiatoday.com - Keppel FELS Ltd has secured a contract worth of US$416 million from Discovery Offshore S.A. to construct two harsh environment jackup rigs based on the proprietary KFELS Super A Class design.

Keppel told SGX this morning that The rigs are scheduled for delivery in the first and second half of 2013 respectively. The construction, marketing, and operation of both units will be managed by Nasdaq-listed Herqules Offshore, Inc.

Discovery Offshore has options to order two additional jackup units as part of its contract with Keppel FELS. If exercised, the options for the additional units will bring the total contract value to above US$840 million. The new KFELS Super A Class claimed as a viable and cost-effective solution for harsh environments and cold climate areas.

“This North Sea-compliant rig would be able to operate efficiently in virtually all parts of the world outside Norway and the Arctic. Discovery Offshore’s acceptance of the KFELS Super A Class design attests to its potential, as well as our ability and commitment to deliver,” Managing Director of Keppel FELS Wong Kok Seng commented.

According to the company the KFELS Super A Class is equipped with the latest pinion overload detection, rack phase difference detection, and brake failure and overload protection devices, and meeting the stringent Health, Safety, and Environment (HSE) standards of the UK sector in the North Sea. The rigs also could accommodate for up to 150 men on board. (bintang@theindonesiatoday.com)

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