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Keppel confirms $1.1bn jack-up order


Keppel Fels has been awarded a $1.1 billion contract from Transocean to build five high-spec jack-ups with an option for five more, confirming prior Upstream reports.

Upstream reported last week that the Singapore-based outfit had pulled to the front of the pack of contenders for the project.

Transocean had been seeking the units - with the set of 10 worth about $2 billion - in a push aimed at re-establishing a strong position in the shallow-water market after shedding older jack-ups in a corporate slimdown.

The quintet of KFELS Super B Class units are scheduled for delivery between the first quarter of 2016 through the third quarter of 2017.
"We build winning partnerships with our customers, and our collaboration with Transocean over the years has enabled us to customise innovative products well suited to meet the market's needs," Wong Kok Seng, managing director at Keppel Fels, said in a statement.

The units will be designed to work in up to 400 feet of water and drill to 35,000 feet.

The rig owner recently took delivery of three Super B Class jack-up rigs, two of which were operating at “100% revenue efficiency” during the first months of operations in the Gulf of Thailand, Transocean chief executive Steven Newman said in August.

 

[h=2]Triyards continues run with two for $59m[/h]
Singapore: Offshore engineering and fabrication firm Triyards Holdings Limited has landed two contracts worth $59m, it announced today.

One of the contacts includes the firm's 10th SEU (Self-Elevating Unit) order, sold to an Asian-based client, for the BH 335 which is capable of working in water depths of up to 70m and can accommodate 160 personnel. The other contract is for the construction of a turret for a FSO in Indonesia.


Wong Bheet Huan, ceo of Triyards, said: “With the Group expanding its offerings not only in types of SEUs and steel fabrication, but other services such as ship repair and onshore infrastructure projects under our industrial division, we are well positioned for steady growth.”

Triyards is 67%-owned by Ezra Holdings and has conformed $209m worth of orders over the last 12 months.