Keppel Corporation Limited reported Tuesday that its unit Keppel FELS Limited has delivered the UMW Naga 5 (400' ILC) jackup project 32 days ahead of schedule with no lost-time incident and Keppel FELS was awarded an early delivery bonus of $480,000 by Malaysia’s UMW Oil & Gas Corporation Berhad (UMW O&G).
At the delivery ceremony today, Chow Yew Yuen, CEO of Keppel Offshore & Marine Ltd (Keppel O&M), said, “Through good teamwork, Keppel and UMW’s first two collaborations have been successful. Both UMW Naga 5 and our first project, UMW Naga 4 (400' ILC), were completed safely and ahead of schedule.
A third KFELS B Class jackup for UMW O&G is under construction at Keppel FELS, and is on track for delivery in the third quarter of 2015.
“I would like to thank UMW O&G for repeatedly choosing Keppel and the KFELS B Class for the expansion of its premium fleet. Today, the KFELS B Class is the industry standard for robust, cost-effective drilling solution for shallow waters. The design has a proven track record for efficient operations in many parts of the world. As such, we are certain that UMW Naga 5 will also prove to be a valuable asset to UMW O&G as it continues to grow presence in the Asia Pacific region.”
UMW Naga 5 will soon leave Keppel FELS to be deployed by Nido Petroleum Limited in the Philippines. Delivered to UMW O&G last year, UMW Naga 4 is supporting the operations of Petronas in Malaysia.
Developed by Keppel’s jackup design arms, Offshore Technology Development and Bennett Offshore, the KFELS B Class rig is able to operate in water depths of up to 400 feet and drilling depth of 30,000 feet. It incorporates Keppel’s advanced and fully-automated high capacity rack and pinion elevating system and self-positioning fixation system. In 2009, the design received the Prestigious Engineering Achievement Award from the Institution of Engineers Singapore for its environmentally-friendly features.
With strong market demand, the KFELS B Class makes up more than 30 percent of the jackups to enter the global market since 2000.
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