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Monday, June 13, 2011

Keppel to build new generation accommodation semi worth US$260 million for Floatel

Keppel to build new generation accommodation semi worth US$260 million for Floatel:
Key Points
  • 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.
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Saturday, June 11, 2011

Keppel wins 8th drilling tender contract from Seadrill worth US$142 million

Keppel wins 8th drilling tender contract from Seadrill worth US$142 million:
Key Points
  • Keppel FELS Limited (Keppel FELS) has been awarded a US$142 million contract by Seadrill to build a repeat semisubmersible drilling tender (SSDT) based on the KFELS SSDTTM 3600E design.
  • Scheduled for delivery in 2Q2013, this is the eighth drilling tender that Keppel will be building for Seadrill since the launch of the design in 1994.
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Monday, May 23, 2011

Keppel secures B Class jackup rig order from Dynamic Offshore Group

Keppel secures B Class jackup rig order from Dynamic Offshore Group:
Key Points
  • Keppel FELS Limited (Keppel FELS) has secured a contract with Vision Drilling Pte Ltd (Vision Drilling), a wholly-owned subsidiary of Dynamic Offshore Drilling Limited (Dynamic Offshore Drilling), to build its first KFELS B Class jackup drilling rig for US$180 million.
  • Slated for delivery in 1Q2013, the rig will be able to operate in water depths of 350 feet with a drilling depth of 30,000 feet and accommodate 120 men.
  • Dynamic Offshore Drilling has the option to build an additional rig to be exercised before 3Q2011.
About Dynamic Offshore Drilling
Dynamic Offshore Drilling is part of the Jaguar Group, an ISO-9001:2008 certified EPC Company with its operations in India, Africa, S.E. Asia, Middle East and South America. already has its presence in offshore drilling business through its wholly owned subsidiary Deepwater Drilling & Services Pvt. Ltd, which currently is operating a Jack up drilling rig contract worth USD 71 M for National Oil Company ONGC. Dynamic Offshore Drilling is a newly incorporated drilling company domiciled in Cyprus and aiming to be a significant player in the premium Jackup segment focusing on the Asian and African Markets. The company is backed by strong industrial house and senior management team having more than 200 man years of combined drilling experience, project management and engineering excellence backed by a strong commitment to QHS&E systems and procedures with a dynamic continuous auditing and improvement process. Dynamic Offshore is planning to be listed in the stock exchange in a short span of time.

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Monday, May 16, 2011

Keppel to build 4 repeat jackup rigs worth US$772 million for Standard Drilling

Keppel to build 4 repeat jackup rigs worth US$772 million for Standard Drilling:
Key Points
  • Keppel FELS Limited’s (Keppel FELS) returning customer, Oslo-listed S.D. Standard Drilling Plc (Standard Drilling), has ordered four repeat KFELS B Class rigs worth US$772 million. Successive deliveries of these units are scheduled between 2H2013 and 1H2014.
  • Standard Drilling ordered its first jackup rig from Keppel FELS in November 2010 with two options. In addition, it acquired two jackups under construction as well as two option rigs from Clearwater Capital Partners LLC (Clearwater), another Keppel FELS customer, in a transaction where Clearwater became the largest shareholder of Standard Drilling.
  • Standard Drilling now has a combined fleet of seven KFELS B Class rigs, all being built exclusively at Keppel FELS.
  • The four new orders from Standard Drilling have brought the total value of contracts secured by Keppel Offshore & Marine for the year-to-date to more than S$6.4 billion.
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