Keppel Completes Deepwater Accommodation Platform

Keppel FELS has completed a semisubmersible accommodation platform for deepwater environments.

Worth US$95 million, it was built for the 85/15 percent Special Purpose Company (SPC) between Keppel Offshore & Marine (Keppel O&M) and JCE Group (JCE) of Sweden.

The platform was named Safe Concordia at a ceremony today by Mrs Miriam Ericsson, wife of Mr. J Christer Ericsson, Chairman of JCE, at the Western Anchorage in a gathering of local and overseas guests.

Safe Concordia will immediately be deployed by ConocoPhillips in the deep waters of the Timor Sea under a short bareboat charter.

Based on a proprietary design developed by the Deepwater Technology Group (DTG), a technology division of Keppel O&M, the vessel was completed within a record time of 15 months.

"In designing this platform, we deploy engineering concepts that enhances simplicity in construction and optimizes functional requirements. The entire vessel was completely modeled on the sophisticated Tribon system before actual construction began," said Mr. Michael Chia, Executive Director of Keppel FELS.

During construction, the vessel also clocked a safety milestone of one million manhours without loss time incident.

DTG has developed the hull of this accommodation and service vessel, the KFELS SSAU 3600-GOM-C42, based on the highly successful hull forms of the drilling tenders, West Pelaut, West Menang and West Alliance, which are presently deployed in deep waters.

The six-column unit carries accommodation for 400 persons complete with full recreational facilities. It is compact, cost effective and capable of operating alongside fixed platforms, with a complement of a fully redundant Dynamic Positioning System, a crane with heavy lifting capacity and fire fighting capabilities.

Keppel O&M and JCE have invested in the semisubmersible accommodation platform in anticipation of expected strong demand for such offshore supporting units.

JCE is expected to increase its shareholding in the SPC to 50 percent upon securing a qualifying charter. The remaining 50 percent shareholding in the SPC that is owned by Keppel O&M will be subject to call and put options by JCE and Keppel O&M.

Meanwhile, Safe Astoria, owned by JCE, is undergoing a US$5.6 million conversion at Keppel FELS from a drilling semisubmersible to an accommodation platform. The conversion will be completed in less than two months.

She has been christened by Senora Isabel Olivos, wife of the Director of Consafe in Chile, a wholly owned subsidiary of JCE.

Keppel FELS is the world leader in the design and construction of jackup rigs, having built over 60% of the world's fleet on order in the last decade. It is a wholly owned subsidiary of Singapore-listed Keppel Corporation, through Keppel Offshore & Marine. The group has a network of 16 yards around the world to be close to its market and customers. Integrating the experience and expertise of its yards worldwide, the group aims to be a provider of choice and a partner in solutions for the offshore and marine industry.

JCE Group is active in the offshore oil & gas, forestry operations, IT, construction & real estate, hardware distribution and financial investments industries.