Keppel FELS on Track to Deliver its 100th Newbuild Jackup to PV Drilling

Keppel Corporation Ltd. reported Friday that Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) is on track to deliver PV Drilling VI (400' ILC), a KFELS B Class jackup, to PV Drilling Overseas (PVDO), a subsidiary of PetroVietnam Drilling & Well Services Corp (PV Drilling) on time, on budget and with a perfect safety record.

It is the 100th jackup Keppel FELS has built since 1970, of which more than half are based on the KFELS B Class design. Developed by Keppel's technology arm, Offshore Technology Development, this design has a market share of about a quarter of all jackups delivered since 2000.

The naming ceremony of PV Drilling VI was held at Keppel FELS today and witnessed by Guest of honur Nguyen Xuan Son, chairman of PetroVietnam.

Chow Yew Yuen, CEO of Keppel O&M said, "Keppel FELS is pleased to have reached this milestone of 100 jackups built which reaffirms our position as the largest manufacturer of jackups in the world. It is testament to our rich experience and expertise in delivering offshore rigs to our customers. Over the years, we have also developed innovative rig designs for the market.

“For instance, PV Drilling VI has been built to our award-winning KFELS B Class design and is the ideal choice to meet the requirements for a wide variety of offshore environments including Vietnam. It is the fourth such rig to be delivered to Vietnam. Our long-standing partnership with PV Drilling has enabled us to continually deliver projects to them more efficiently and safely each time.”

The KFELS B Class rig is be able to operate in water depths of up to 400 feet with a drilling depth of 30,000 feet. PV Drilling VI has been further enhanced with features like engines that meet more stringent emission standards, increased capacity for mud pit tanks, a secondary tensioning system, accommodation for 150 persons as well as a lower spud can bearing pressure for operation in areas with soft soil conditions.

Pham Tien Dung, CEO of PV Drilling and chairman of PVDO, said, “The high-specification and cost-efficient PV Drilling VI is PVDO’s first jackup, and will play an important role in accelerating PVDO’s drilling program for South East Asia and beyond. We recognize the strength of the KFELS B Class rigs as the three rigs that are operating for PV Drilling have been performing very well.


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