CFA Society Singapore
SINGAPORE (June 13): Keppel Offshore & Marine’s (Keppel O&M) subsidiary, Keppel FELS, has delivered its second jack-up rig for the year to Borr Drilling’s subsidiary Borr Skald – safely, on time, and on budget.
The delivery of Skald follows that of Saga earlier this year, with another eight on order.
In a press release on Wednesday, Keppel O&M says the latest jack-up rig, Skald, is capable of operating in 400 ft water depth and drilling to 35,000 ft.
It is built to Keppel’s KFELS Super B Class design and equipped with cantilever skid-off capabilities, with a maximum combined cantilever load of 3,700 kips, as well as high-capacity hook loads of two million pounds.
The KFELS B Class designs are developed by Keppel’s technology arm, Offshore Technology Development. According to the group, these designs have a market share of about a quarter of all jack-up rigs delivered since 2000.
“The delivery of a second high-specification KFELS Super B Class rig to Borr Drilling reaffirms our design and execution capabilities as well as our commitment to provide win-win solutions for our customers,” says Chris Ong, CEO of Keppel O&M.
“We have leveraged the synergies of working on multiple rigs for Borr Drilling to improve efficiency and ensure an on time and on budget delivery. This has also been achieved with an excellent safety record while maintaining Keppel FELS’ hallmark quality standards,” he adds.
Shares in Keppel Corp closed 16 cents lower at $7.32 on Wednesday.