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KEPPEL DELIVERS FIRST RIG OF 2020

Thursday, January 16, 2020 

Keppel Offshore & Marine has, through its wholly-owned subsidiary Keppel FELS, made its first rig delivery in 2020 safely, on time and within budget.

Named Heimdal, the jackup rig is built to Keppel’s proprietary KFELS B Class design and is the fifth of 11 jackup rigs that Borr Drilling has ordered from Keppel.

Tan Leong Peng, Executive Director (Newbuilds) of Keppel O&M, said: “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. The KFELS B Class is a proven workhorse of the industry and we are confident Heimdal will contribute to Borr Drilling’s exploration efforts. Jackup utilisation has been increasing and there is a strong market preference for high spec rigs as older rigs are being retired. With our strong track record in design, engineering and execution, Keppel O&M is committed to providing value added solutions for our customers.”

Following this delivery, Borr Drilling will have eight KFELS B Class rigs in their fleet. With a market share of about a quarter of all jackup rigs delivered since 2000, the KFELS B Class is the workhorse of the industry and is claimed to be the preferred rig solution for shallow water exploration. Developed by Keppel O&M’s technology arm, Offshore Technology Development, the cost-effective rig incorporates environmentally friendly features that reduce emissions and discharges. It is designed to operate in 400ft water depth and drill to 30,000ft, and is equipped with a full 15,000 psi BOP system, with accommodation for up to 150 personnel.

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