Keppel O&M Bags 5 Semisub Contracts Worth $4.1B
|
Rigzone Staff|
Tuesday, August 07, 2012
Singapore's Keppel Offshore & Marine – through its subsidiary Fernvale – said Tuesday that it has firmed up contracts with Sete Brasil for the design and construction of five semisubmersible drilling rigs for approximately $4.1 billion (SDG 5.1 billion).
This is in addition to the contract, signed last December, in which Keppel O&M – a wholly-owned subsidiary of Keppel Corporation – agreed to deliver one semisubmersible drilling rig to Sete Brasil, also a DSS 38E design.
Keppel's proprietary DSS 38E design is rated to drill 32,808 feet (10,000 meters) below the rotary table in 9,843 feet (3,000 meters) water depth.
The six semisubmersible drilling rigs are scheduled for delivery between the end of 2015 and 3Q 2019. When completed, the rigs will be chartered to Petrobras for 15 years for drilling activities in the pre-salt areas of Southeast Coast of Brazil, offshore Brazil. Three of the rigs will be operated by Queiroz Galvão Óleo e Gás SA, two by Petroserv SA and one by Odebrecht Óleo e Gás SA.
"Keppel O&M's announcement proves that the offshore sector is performing well," Maybank Kim Eng's Analyst Yeak Chee Keong told Rigzone on Tuesday.
Maybank Kim Eng has maintained a "positive outlook" on Keppel Corporation's performance.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
MORE FROM THIS AUTHOR
Most Popular Articles
- Gulf of Mexico Disturbance Gathers Strength
- Scottish First Minister to Convene Urgent Energy Summit
- Open Interest In Crude Oil Futures And Options In Decline
- High-Impact Drilling To Rebound In 2022 After Miserable 2021
- Report Confirms Near Billion Barrel Oil Find
- Oilfield Services Sector Hitting ESG Goals On Its Way To Net-Zero
- Flotilla of Diesel Ships Heads to Europe
- Enauta Restarts Atlanta Production After Scheduled Shutdown
- Biden Freeze on Oil and Gas Leases Reinstated
- Trio To Perform FEED For Ulsan Gray Whale 3 Offshore Windfarm
- The Gulf of Mexico Has a Pirate Problem
- Gulf of Mexico Hurricane Season Looming Large
- Oil Outages in Gulf of Mexico Straining Tight Market
- Gazprom-Iran $40Bn Deal Faces Issues Over Corrosion And Sanctions
- Goldman Sees USA Gasoline Prices Climbing Back to $5
- Inflation Reduction Act Could Result In More Energy Service Inflation
- Cheap USA Oil Undercuts Middle Eastern Crude
- Oil Price Rally Explained
- Energy Sec Sees USA Gasoline Prices Dropping Further
- Energy Industry Opposes Inflation Reduction Act
- 88 Energy Makes 1 Billion Barrel Oil Announcement
- Over A Quarter Of Turbines Installed On Formosa 2 Wind Farm
- Saudis to Hike Oil Price to Record
- The Gulf of Mexico Has a Pirate Problem
- Pantheon Hits Multiple Oil Reservoirs At Second Alkaid Well
- Analyst Gives Year-End Oil Price Warning
- Guyana Just Keeps On Giving As Exxon Makes Two More Discoveries
- American Drivers Grab $3.11-a-Gallon Gas in Mexico
- Gulf of Mexico Hurricane Season Looming Large
- Guyana Going Big League With O&G Revenues To Pass $1 Bn In 2022