Keppel FELS to build $240m jack up rig for BOT Lease

3 November 2014 (Last Updated November 3rd, 2014 18:30)

Singapore's Keppel Offshore & Marine's (O&M) subsidiary KFELS has received a contract worth $240m from BOT Lease, an affiliated firm of Tokyo-Mitsubishi UFJ, to deliver a KFELS Super B-class jack up rig.

Singapore’s Keppel Offshore & Marine’s (O&M) subsidiary KFELS has received a contract worth $240m from BOT Lease, an affiliated firm of Tokyo-Mitsubishi UFJ, to deliver a KFELS Super B-class jack up rig.

Construction of the jack up rig, named Hakuryu 15, is expected to be completed by the end of 2016.

Under the leased agreement with BOTL, Japan Drilling Co., (JDC) will be assigned for the operation of the rig.

Keppel O&M managing director (Offshore) Wong Kok Seng said: "The KFELS Super B-class is an innovative solution for drilling rigs that can operate in deeper depths and at higher temperature and pressure levels.

"The KFELS Super B-class rig will offer improved strength for operations at 400ft water depth, along with a 35,000ft depth." 

"With 11 such rigs successfully operating around the world, we are confident this new addition will be just as successful for BOTL and JDC."

Hakuryu 15 will be the second KFELS Super B-class jack up rig in JDC’s fleet. The first rig, Hakuryu 11, was delivered in 2013.

The KFELS Super B-class rig will offer improved strength for operations at 400ft water depth, along with a 35,000ft depth. It will be capable of operating in high ambient temperatures and be able to house about 150 people onboard.

In addition, the rig offers an offline stand building capability to handle drill pipes efficiently, a high capacity hook load of two million pounds, boosting overall rig performance and productivity, Keppel stated.

Meanwhile, Keppel O&M’s yards in Singapore and the US have also joined with JDC for the maintenance and repair of Hakuryu 5 and Hakuryu 10 rigs.