Rig builder is on track to deliver Vision Drilling’s first KFELS B
Class jackup rig “Dynamic Vision” two months ahead of time, garnering
an early delivery bonus of about US$ 1 million
Keppel FELS Limited (Keppel FELS) is delivering its first rig of
2013 to Vision Drilling Pte Ltd (Vision Drilling), a wholly owned
subsidiary of Cyprus based Dynamic Offshore Drilling Limited (Dynamic
Offshore Drilling). The KFELS B Class jackup rig, Dynamic Vision, will
be Vision Drilling's first such rig and will be delivered almost two
months ahead of schedule with a perfect safety record.
It is the first of the 20 offshore rigs that Keppel FELS is expected to deliver in 2013, a record number for any yard worldwide.
Mr Lam Yi Young, Chief Executive of the Maritime and Port Authority
of Singapore, speaking as the Guest of Honour at the naming ceremony
today, said, "The offshore and marine industry is a key part of
Singapore's economy and we are proud that Keppel, a home-grown company,
has established itself as a global leader in the design, construction
and repair of mobile offshore rigs. The successful delivery of Dynamic
Vision is testament to Keppel's proven capabilities and the strong
industry partnerships it has built up."
Mr Wong Kok Seng, Managing Director (Offshore), Keppel Offshore &
Marine and Managing Director, Keppel FELS added, "We are pleased to be
able to deliver our first rig of 2013 two months ahead of schedule. It
augurs well for the rest of the 19 rigs that we expect to deliver this
year. For the month of January alone, we are delivering three rigs. Our
ability to deliver these rigs on time or ahead of time and safely is due
to two factors; the continuous process and productivity improvements we
have implemented in the yard; and the fact that the majority of the
rigs being built are to our proprietary designs.
"In addition, we also have a very good partnership with Vision
Drilling, having worked with their management team previously. Over the
years, Keppel FELS has seen growing interest from Indian offshore and
marine companies. Since 2003, they have ordered a total of ten jackup
rigs, all of which are of the KFELS B Class design. We look forward to
enhancing our relationship with them and continuing to service India's
oil and gas market."
Deepwater Drilling & Services Pvt. Ltd, an India-based company in
the Dynamic Offshore Drilling Group, has a five year charter with
Fortune 500 Indian National Oil Company Oil & Natural Gas
Corporation (ONGC) Ltd for work in the Western part of Offshore India.
Mr Naresh Kumar, Chairman of Dynamic Offshore Drilling said, "India's
growing energy demand is driving the country to actively increase its
offshore oil and gas production. The proven KFELS B Class jackup design,
coupled with our established experience in offshore drilling, places
Vision Drilling in a good position to meet this demand.
"In growing our fleet of high specification jackup rigs, we look to
continue to, work with reliable shipyards and Keppel FELS has again
lived up to its reputation as the world leader in rig building with this
early delivery."
Built and optimised to meet the unique environmental requirements of
India, Dynamic Vision is capable of operating in water depths of 350
feet and drilling down to 30,000 feet. Keppel's advanced and
fully-automated high capacity rack and pinion elevating system and
self-positioning fixation system have been incorporated into the design.
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