Key Points
- Keppel FELS Limited (Keppel FELS) has secured a contract worth about US$416 million from Discovery Offshore S.A. (Discovery Offshore) to construct two harsh environment jackup rigs based on the proprietary KFELS Super A Class design.
- The rigs are scheduled for delivery in 1H and 2H 2013 respectively.
- The construction, marketing and operation of both units will be managed by NASDAQ-listed Hercules Offshore, Inc. (Hercules Offshore), which is a leading global operator of jackup and liftboat assets.
- 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.
Discovery Offshore is a newly established Luxembourg-based company with a focus in ultra high-specification jackups. Managed by Hercules Offshore, Discovery will leverage the former’s long-standing relationships with oil majors, national oil companies and independent oil companies.
About Hercules OffshoreHeadquartered in Houston, Hercules Offshore, Inc. operates a fleet of 30 jackup rigs, 17 barge rigs, 65 liftboats, three submersible rigs, one platform rig and a fleet of marine support vessels. The Company offers a range of services to oil and gas producers to meet their needs during drilling, well service, platform inspection, maintenance and decommissioning operations in several key shallow water provinces around the world.
- Keppel to build two jackups for Clearwater worth US$360 million
- Keppel to build US$180 million KFELS B Class Jackup for Jasper
- Keppel seals US$360 mil contract with mermaid’s asia offshore drilling for two newbuild jackups - 2 DEC 2010
- Keppel wins US$180 mil KFELS B Class jackup rig contract from Standard Drilling
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