Keppel Makes First Rig Delivery of 2020

Keppel Makes First Rig Delivery of 2020
Keppel Offshore & Marine has made its first rig delivery of the year on time and within budget. (PHOTO Source: Keppel O&M)

Keppel Offshore & Marine (Keppel O&M) subsidiary Keppel FELS Ltd has made its first rig delivery of the year on time and within budget, the Singapore-based company said Tuesday.

The Heimdal jackup is the fifth of 11 jackup rigs that Borr Drilling has ordered from Keppel. It is built to Keppel’s proprietary KFELS B class design.

“We are pleased to deliver our first rig of the year, which is also the fifth jackup rig that we have built for Borr Drilling,” Tan Leong Peng, executive director (newbuilds) for Keppel O&M, said in a company statement. “The KFELS B Class is a proven workhorse of the industry and we are confident Heimdal will contribute to Borr Drilling’s exploration efforts.”

After this delivery, Bermuda-based Borr Drilling will have eight KFELS B Class rigs in its fleet.

“Jackup utilization has been increasing and there is a strong market preference for high spec rigs as older rigs are being retired,” Peng said. “With our strong track record in design, engineering and execution, Keppel O&M is committed to providing value added solutions for our customers.”

The rig is developed by Keppel O&M’s technology arm, Offshore Technology Development, and incorporates environmentally friendly features that reduce emissions and discharges. It is designed to operate in 400 feet water depth, drill to 30,000 feet and is equipped with a full 15,000 psi BOP system, with accommodation for up to 150 personnel.

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