Gulf Oil and Gas accountACCOUNT

ABS Classes First Jackup Rigs Built In UAE

Source: www.gulfoilandgas.com 7/13/2006, Location: Middle East

Share |
ABS has been awarded the contracts for the first jackup drilling rigs to be built in the United Arab Emirates. A total of four units will be built to ABS standards: two units for Thule Drilling ASA and two units for Mosvold Drilling Ltd.

The Thule rigs (Thule Energy and Thule Force) will be built at QGM Group LLC rig construction yard in Dubai based upon the Friede & Goldman (F&G) Super M2 rig design. The Mosvold rigs will also be F&G Super M2 designs and will be built at Maritime Industrial Services Co. Ltd. Inc. (MIS) in Sharjah.

According to ABS’ Country Manager for the UAE Joe Brincat, the rig designs are well-suited for Middle East operations. “The rigs will be designated as +A1 Self Elevating Drilling Units and are suitable for operating in all non-harsh environments of the world with water depth capacity of 300 feet and drill down capacity to 30,000 feet.”

The Super M2 design is an updated version of F&G’s L 780 Mod II jackup rig of which more than 30 are operating worldwide. Brincat says the Super M2 design features an enhanced leg design with extended reach cantilever, wrap around quarters and modular hull design. The specialized leg fixation system and overall platform construction will be built to ABS Rules and under the supervision of the class society’s engineers and surveyors.

Industry analysts report the Middle East is the fastest growing jack up market in the world. With rig utilization rates at an all time high, the jack up market is exceptionally strong. With commodity prices likely to remain high drilling activity continues to increase. With yards in China, Singapore and the U.S. Gulf Coast nearing capacity, new yards such as UAE’s QGM and MIS have seen an opportunity.

Rigs, Coring & Exploration >>

Rigs, Coring & Exploration News in United Arab Emirates >>

Iraq >>  5/14/2018 - KBR, Inc. has been awarded a contract by Basra Oil Company (BOC) for the development of the Majnoon Oil Field in Basra, Iraq. Under the terms of the c...
United Arab Emirates >>  5/14/2018 - The Abu Dhabi National Oil Company (ADNOC) has signed a project development agreement with Cepsa of Spain for a new, world-scale Linear Alkylbenzene (...

United Arab Emirates >>  5/13/2018 - The Abu Dhabi National Oil Company (ADNOC) unveiled plans to invest AED 165 billion (US $45 billion) alongside partners, over the next five years, to ...
Saudi Arabia >>  5/5/2018 - Saudi Aramco has further expanded its In-Kingdom Total Value Add (IKTVA) program and strengthened its relationship with local industry players by awar...

Saudi Arabia >>  4/30/2018 - KBR, Inc. has been awarded a contract by Saudi Arabian Oil Company (Saudi Aramco) and SABIC as the second Project Management Contractor (PMC) to provi...
Saudi Arabia >>  4/30/2018 - Rowan Companies plc expects that four of its idle jack-ups will be leased to ARO Drilling to fulfill four three-year contracts that ARO Drilling has b...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


United Arab Emirates Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |

More News

 

Oil & Gas Companies in United Arab Emirates >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.