Further to the announcement on 28 February 2018 on the Letter of Intent signed by Keppel Offshore & Marine Ltd (Keppel O&M), via its wholly-owned subsidiary, Keppel FELS with Awilco Drilling PLC (Awilco), Keppel FELS has secured a contract from Awilco to assemble a mid-water semisubmersible (semi) drilling rig for harsh atmosphere use, price about US$425 million.
As a part of the transaction, Awilco has impartial choices to order as much as one other three related rigs to be exercised inside 12, 24 and 36 months respectively. The costs of the three extra rigs are topic to value changes and can solely be finalised and introduced individually if and when the choices are exercised.
Scheduled for completion in 1Q 2021, the rig shall be constructed to Moss Maritime’s CS60 ECO MW design. Compared to the ultra-deepwater CS60, this can be a compact model specifically designed, configured and outfitted for mid-water operations of as much as depths of 1,500m.
Mr Chris Ong, CEO of Keppel O&M, mentioned, “We are happy to associate Awilco as soon as once more, having beforehand delivered three jackup rigs to the identical administration crew. It is a testomony of their belief and confidence in Keppel’s capabilities and rig-building options. We have labored intently with Awilco to customize the CS60 for mid-water and harsh environments. In addition, the usage of actual time information within the rig’s operations and upkeep will improve its effectivity and robustness, offering a aggressive benefit for harsh atmosphere operations.”
Boasting a low environmental footprint, the drilling rig is designed for operations in harsh environments, together with the Norwegian Continental Shelf, UK Continental shelf and Barents Sea. Equipped with a hydraulic hoisting system able to two million kilos of lifting capability, it additionally options an optimised 12 level thruster assisted mooring system for vessel station conserving, full with hybrid energy provide and power saving options. The rig can be outfitted with state-of-the-art digitalisation, together with situation monitoring methods, which is able to improve the drilling effectivity and reliability of the rig, whereas lowering chance of downtime. (Source: Keppel O&M – Image: Moss Maritime)

The submit KEPPEL TO BUILD AWILCO SEMI-SUBMERSIBLE FOR $420 MILLION appeared first on Energy Global News.

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