Singapore's Keppel AmFels is set to edge out Jurong Shipyard to a newbuild jack-up rig contract from Saudi Aramco, according to a source close to the development.
Jurong was viewed as a favourite to win the race, given the yard is building a heavy-lift jack-up barge for the Saudi Arabian giant.
However, an industry source said Keppel AmFels could have submitted a more competitive bid based on the KFELS B Class design, beating Jurong’s proposal with the Le Tourneau C250.
Aramco has shortlisted three rig designs, the third being Baker Marine’s PPL Pacific Class 375.
Jurong is said to have gone with the Le Tourneau C250 in favour of a participating bid from its sister yard, PPL Shipyard, during the early days of the tender.
PPL Shipyard did not make it to the Aramco’s final shortlist, leaving Jurong and Keppel to battle it out for the Aramco prize, a source said.
The Aramco tender came as a surprise last year amid an excess supply of standard jack-ups in the market.
The Saudis have long wanted to build their own fleet of high-capacity rigs and the jack-up on order is said to feature a larger deck space than the average unit in the market.
Saudi Aramco could not be reached for official comment as of press time.
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