EMAS to take delivery of one of Vietnam’s largest FPSOs from Keppel Shipyard

EMAS to take delivery of one of Vietnam’s largest FPSOs from Keppel Shipyard:

• Press Release

Key Points

• EMAS Production is set to take delivery of one of Vietnam’s largest Floating Production Storage and Offloading (FPSO) vessels from Keppel Shipyard Limited (Keppel Shipyard), on behalf of owner PV Keez Pte. Ltd (PV Keez).
• To be managed and operated by EMAS Production, FPSO Lewek EMAS has been chartered by Premier Oil Vietnam Offshore B.V. for the development of the Chim Sáo field off southern Vietnam for six years, with a further option to extend the charter by another six years. The FPSO charter contract is one of only seven signed worldwide in 2009, and is worth approximately US$1 billion.
• The project to convert the 168,000 dwt Suezmax tanker into an FPSO was awarded to Keppel Shipyard in December 2009. To date, Keppel Shipyard has achieved a good safety record of over 4.1 million incident-free man-hours for its conversion.

About EMASEMAS, a recognised leading global offshore contractor providing construction, marine, production and well intervention services, is the operating brand of Singapore listed Ezra Holdings Limited (以斯拉控股) and Oslo listed EOC Limited. EMAS specialises in delivering best-value solutions and has become a powerful alternative in the oil and gas(O&G) industry by combining a customised approach along with a widely diverse offering of assets and services to meet clients’ needs. EMAS operates globally with offices in 16 locations across five continents spanning Africa, the Americas, Asia Pacific and Europe. 

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• Keppel to deliver second DSS(TM) 38 deepwater rig ahead of schedule to Brazil

Keppel to deliver second DSS(TM) 38 deepwater rig ahead of schedule to Brazil

Keppel to deliver second DSS(TM) 38 deepwater rig ahead of schedule to Brazil  :

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) is on track for an early and safe delivery of Alpha Star, the second of two DSSTM 38 semisubmersible rigs, to Brazil’s Queiroz Galvão Óleo e Gás (QGOG).
• Keppel FELS was awarded a total of S$40,000 in safety bonuses from QGOG for the strong safety performance during the construction phase. 
• The rig has been chartered by Petrobras for six years to support exploration and production activities offshore Brazil.

Keppel starts 2011 with safe and timely delivery of 2nd KFELS N-Class jack-up to Rowan

Keppel starts 2011 with safe and timely delivery of 2nd KFELS N-Class jack-up to Rowan:

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has delivered the KFELS N-Class jack-up rig, the Rowan Stavanger, to Rowan Companies, Inc. (Rowan) (NYSE: RDC) safely, on time and within budget.
• The second of three KFELS N-Class rigs being built for Rowan, this high-specification jack-up design is a product of Keppel’s rich experience in constructing rigs for the North Sea region since 1985.

About Rowan
Rowan is a major provider of international and domestic contract drilling services with a focus on high-specification and premium jack-ups. The Company also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries. The Company’s stock is traded on the New York Stock Exchange under the ticker symbol RDC. For more information on Rowan, please visit www.rowancompanies.com.

Seadrill takes delivery of sixth KFELS B Class jackup rig - 3 DEC 2010

Seadrill takes delivery of sixth KFELS B Class jackup rig.

• Press Release

Key Points

• Keppel FELS Limited (Keppel FELS) has delivered the KFELS B Class jackup rig, West Juno, to Seadrill Jack-ups Limited (Seadrill) on time, within budget and with a perfect safety record.
• Including West Juno, Keppel-built rigs in Seadrill’s current fleet include 10 jackup rigs and six KFELS semisubmersible drilling tenders (SSDT). 
• One other SSDT is currently under construction. 
• West Juno joins the ranks of 32 other KFELS B Class jackups operating in different parts of the world, fortifying the track record of this winning rig design.
  

About Seadrill Limited
Listed on the New York Stock Exchange and the Oslo Stock Exchange, Seadrill is an international offshore drilling contractor providing services within drilling and well services. The company operates a versatile fleet of 54 units that comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs for operations in shallow to ultra-deepwater areas in harsh environment and benign environments.

Safe and early delivery of Floatel’s second unit earns Keppel US$1.1 million bonus - 29 OCT 2010

Safe and early delivery of Floatel’s second unit earns Keppel US$1.1 million bonus. See press release.

Key Points

• Keppel FELS Limited (Keppel FELS) has surpassed its earlier track record for Floatel International (Floatel), with the delivery of the latter’s second semisubmersible accommodation rig, Floatel Reliance, 63 days early, within budget and without any lost-time incidents, meriting a bonus of US$1.1 million.
• Floatel Reliance is contracted to Petrobras for five years, with operations expected to commence early 2011. The rig will be wet-towed from Singapore to Rio de Janeiro on a voyage expected to last up to 65 days.
  
  

Keppel delivers North Sea-compliant dual-capability high-specification jack-up to Rowan - 24 OCT 2010

Keppel delivers North Sea-compliant dual-capability high-specification jack-up to Rowan. See press release. 

Key Points

• Keppel FELS Limited (Keppel FELS) has delivered the first of three KFELS N-Class jack-up rigs being built for Rowan Companies, Inc. (Rowan) (NYSE: RDC) safely, on time and within budget.
• Built to the proprietary KFELS N-Class design, this new-generation rig is the largest jack-up to be constructed in Singapore. This rig design is the brainchild of Keppel’s R&D arm, Offshore Technology Development (OTD), following Keppel’s extensive experience in constructing rigs for the North Sea region since 1985. The North Sea region is one of the world's toughest operating environments for offshore exploration and production.
• The rig was named the Rowan Viking at Keppel FELS today by Lady Sponsor, Mrs. Karen Russell, spouse of Mr. David Russell, Rowan’s Executive Vice President, Drilling Operations.
• Construction of the remaining two KFELS N-Class rigs, the Rowan Stavanger and the Rowan Norway, are on schedule with expected deliveries in 1Q and 2Q of 2011, respectively. In the US, Keppel AmFELS is currently constructing the remaining two of four Rowan EXL-Class jack-up rigs (Enhanced Super 116E), with expected deliveries in 1Q 2011 and 3Q 2012.
  

Keppel delivers FPSO P-57 to SBM for Petrobras - 8 OCT 2010

Keppel delivers FPSO P-57 to SBM for Petrobras. See press release.

Key Points

• Keppel Offshore & Marine Ltd (Keppel O&M) has delivered the P-57 Floating Production Storage and Offloading (FPSO) vessel to SBM Offshore N.V. (SBM) early, within budget and safely.
• Spanning 311 metres long by 56 metres wide, or almost three football fields, P-57 is one of the largest Brazilian FPSOs to be converted, under a turnkey supply contract between SBM and Petrobras Netherlands B.V (Petrobras) for the Jubarte field, offshore Espirito Santo.
• The upgrading and pre-conversion of the 255,272-dwt tanker, MT Accord, into the P-57 was completed at Keppel Shipyard in Singapore earlier this year, with the shipyard receiving SGD 1 million (USD761,000) in bonus from SBM for the safe and timely completion.
• After the vessel sailed to Brazil, further work performed at Keppel FELS Brasil SA’s BrasFELS yard in Angra dos Reis included the fabrication and integration of topside modules, piping and electrical equipment, as well as commissioning. The project has fulfilled the local content requirement of 68%, and was achieved with an outstanding safety record of about nine million incident-free man-hours to date.
  

Financial News - 28 JUL 2010: Keppel secures bonus for safe delivery of Greatship’s third multi-purposevessel

KEPPEL SECURES BONUS FOR SAFE DELIVERY OF GREATSHIP’S THIRD MULTI-PURPOSE VESSEL. See report.

Key Points

• Keppel Singmarine Pte Ltd (Keppel Singmarine), the specialised shipbuilding arm of Keppel Offshore & Marine Limited (Keppel O&M), has delivered its third multi-purpose platform supply & support vessel (MPSSV) to Greatship Global Offshore Services Pte. Ltd (Greatship) with a perfect safety record, meriting a bonus of US$10,000.
• Keppel Singmarine is currently constructing the fourth MPSSV for Greatship which is expected to be delivered in the third quarter of 2010.
   

Financial News - 19 MAR 2010: Keppel delivers Floatel Superior 43 days early

Keppel delivers Floatel Superior 43 days early. See report.

Key Points

• Keppel FELS Limited (Keppel FELS) has delivered the semisubmersible accommodation rig, Floatel Superior, 43 days early, safely and within budget to Floatel International (Floatel). The vessel is now ready to commence operations.
• Floatel Superior will depart Singapore shortly for Bayu Undan in the Timor Sea where she will commence her maiden charter contract for ConocoPhillips Australia following 14 days of transit on her own propulsion.
• The construction of Floatel’s second accommodation rig, Floatel Reliance, is progressing well at Keppel FELS. She is on track for delivery in the second half of 2010.