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Keppel FELS finds new home for rig
NOL CEO joins ahead of schedule
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TTA builds on Singapore presence

    Keppel FELS finds new home for rig

    Singapore rigbuilder Keppel FELS announced on Monday it has secured a 
    US$199 million contract for its high-specification KFELS B Class rig from Safin Gulf FZCO. The contract is for a fast-track job to refurbish and upgrade a rig that Keppel FELS bought earlier this year and is scheduled for delivery in 3Q 2012.

    The rig is likely to be a cancelled option, possibly the second of the Asia Offshore Drilling options that was not exercised, bought back by the builder and then reoffered on the current market.

    The high-spec rig with full 15,000 psi BOP system, 70-feet cantilever outreach, 
    upgraded mud pit storage capacity of 4,000 bbls and accommodation for 
    up to 150 personnel should find work easily in the more safety conscious market post-Macondo.

    It seems to be an interesting build as well for Safin, which is better known as a steel trader. Raimonds Namikis, executive vice president of Safin said “The high specification KFELS B Class is a proven design and with the tight jack-up market, we are delighted to be able to receive it much earlier than if we were to place a new order. This will enable Safin to meet the needs of our customers and kick start the programme of our premium rig fleet.”

    Wong Kok Seng, managing director of Keppel FELS said: “With the 
    refurbishment and upgrade of this jackup, we are able to provide a high-specification rig on a fast-tracked schedule. Such jack ups are in high demand, especially for those scheduled for delivery in 2012."

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