Keppel's unit secures US$809m contract to construct drilling rig

Keppel's unit secures US$809m contract to construct drilling rig


By CARINE LEE


Keppel Offshore & Marine Ltd on Thursday announced that through its subsidiary, Fernvale Pte Ltd, it has secured a US$809 million contract from Urca Drilling BV, for the design and construction of a semisubmersible (semi) drilling rig.




The rig will be based on Keppel's proprietary DSS 38E design, which is an enhancement of Keppel's proven fifth generation deepwater solution, the DSS 38.


The DSS 38E is designed to meet the stringent requirements of the deepwater 'Golden Triangle' region, comprising Brazil, Africa and the Gulf of Mexico. It is rated to drill to depths of 10,000 metres below the rotary table in 3,000 metres water depth.


Measuring 108 metres in overall length, the DSS 38E has a main deck size of 73 metres by 73 metres. Its operational displacement is approximately 45,000 tonnes.


The DSS 38E has accommodation facilities to house a crew of up to 160 men with both vertical and horizontal riser storage.


Scheduled for delivery in the fourth quarter of 2015, the rig is intended to support the exploration of Brazil's estimated 50 billion barrels of deep-sea oil and gas reserves.


This is an extract from http://www.businesstimes.com.sg/sub/latest/story/0,4574,470916,00.html

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