Keppel FELS Polishes Up New Deepwater Rig for Maersk

Keppel FELS Limited, the wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), and Maersk Contractors have inaugurated the new DSS 21 proprietary design semisubmersible, which is also the most technically advanced deepwater drilling rig to be designed and completed by Singapore to date.

The Maersk Developer was named in the presence of Guest-of-Honour, Mr Lim Boon Heng, Minister, Prime Minister's Office, by Mrs. Kari Reinertsen, wife of Mr Oivind Reinertsen, President of StatoilHydro (North America Operations). The Maersk Developer is the first in a series of three DSS 21 deepwater semi rigs that Keppel FELS is building for Maersk.

Keppel O&M is the only shipyard group in the world to have its own suite of proprietary deepwater rig designs. The DSS 21 design is jointly developed by the Company's Deepwater Technology Group, Marine Structure Consultants of the Netherlands and Maersk Contractors.

"About 30% of jackup rigs and 16% of semisubmersibles currently under construction in the world are designed by Singapore companies," said Guest-of-Honour, Mr Lim Boon Heng. "In the semisubmersible category, all the Singapore-designed rigs come from Keppel O&M as the result of its investment in R&D since the 1980s."

"Keppel has been a good example of how Singapore companies can position themselves higher up the value chain by using technology innovation to build enduring businesses."

The two other DSS 21 semi rigs presently under construction in Keppel FELS are scheduled for delivery in the second quarters of 2009 and 2010 respectively.

The DSS 21 series features a dynamic positioning system, with the ability to attach to a prelaid mooring system. Capable of operating at water depths of 3,000 meters and drilling down to 10,000 meters, this series of semi-submersibles are well suited for the conditions of offshore Brazil, West Africa, Gulf of Mexico and Southeast Asia. Designed for maximum uptime with reduced emissions and discharges, the DSS 21 series is an environmentally friendly solution for the offshore industry.

To date, Maersk Contractors has invested S$3 billion worth of projects with Keppel Offshore & Marine. These projects include the construction, repair and conversion of rigs and floating production storage and offloading facilities. In addition to the deepwater semis, Keppel FELS has also been assigned the construction of four jackup rigs for Maersk, the first of which, Maersk Resilient, was delivered in January 2008.

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