Gulf Oil and Gas accountACCOUNT

Keppel FELS Delivers First Rig of 2018 to Borr Drilling

Source: www.gulfoilandgas.com 1/5/2018, Location: Asia

Share |
Wholly owned subsidiary of Keppel Offshore & Marine delivered the jackup rig, Saga, to Borr Drilling safely, on time and on budget. Built to Keppel's proprietary KFELS Super B Class design, Saga is the first of five jackup rigs that Keppel is building for Borr Drilling.

Chris Ong, CEO of Keppel O&M, says this is the 12th KFELS Super B Class rig and the 66th rig of the KFELS B Class family to enter the market.

The KFELS Super B Class rigs are designed to operate in 400 feet water depth and drill to 35,000 feet. With a two million pound drilling system and a maximum combined cantilever load of 3,700 kips, the KFELS Super B Class is equipped with tremendous horsepower during drilling operations.

"As the drilling market recovers, the quality and capabilities of our KFELS B Class designs would be important differentiators for rig owners seeking efficient and reliable operations," says Ong.

Simon Johnson, CEO of Borr Drilling, says, "Jackup utilisation is improving as we recover from the bottom of the business cycle. The market preferentially rewards contractors who invest in the latest designs from the best shipyards."

Shares in Keppel closed 3 cents lower at $7.77.

Rigs >>

Rigs News in Singapore >>

Denmark >>  11/11/2018 - Maersk Drilling has entered into an agreement to sell the jack-up rig Maersk Giant to an Australasian-based independent O&G operator. The transaction ...
Kuwait >>  11/1/2018 - ADES International Holding Ltd., a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has complet...

Oman >>  10/31/2018 - As part of its in-country value (ICV) strategy to support locally manufactured materials and maximise expenditure on goods and services made in Oman, ...
Netherlands/Holland >>  10/22/2018 - Petrogas E&P Netherlands has exercised an option with Maersk Drilling to extend the current contract of jack-up rig Maersk Resolute. The contract exte...

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

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


Singapore Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

 

Oil & Gas Companies in Singapore >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.