Keppel unit wins US$240 million contract to build jackup rig

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SINGAPORE (Oct 31): Keppel Corp has won a contract worth about US$240 million ($309 million) to build a KFELS Super B Class jackup rig for BOT Lease Co. (BOTL).

The contract was clinched through Keppel FELS, the wholly-owned subsidiary of Keppel Offshore & Marine, a unit of Keppel Corp. BOTL is an affiliated company of The Bank of Tokyo-Mitsubishi UFJ.

Scheduled for completion at end 2016, the rig – which is provisionally named Hakuryu 15 – will be operated by Japan Drilling Co., Ltd (JDC) based on the leased agreement with BOTL.

The KFELS Super B Class design has a drilling depth of 35,000 ft and a leg structure is designed to provide enhanced robustness for operations at 400 ft water depth.

The rig is also engineered to operate in high ambient temperatures and can accommodate 150 personnel onboard.

It features an offline stand building capability to handle drill pipes efficiently, a high capacity hook load of 2 million pounds, boosting overall rig performance and productivity.

Keppel closed 0.9% higher at $9.44.