Keppel FELS clinches $308m contract for jack-up rig

Similar to PPL Shipyard’s Hakuryu 14.

Provisionally named Hakuryu 15, the jack-up rig to be built by Keppel FELS has a high capacity hook load of 2 million pounds, boosting overall rig performance and productivity.

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from BOT Lease Co., Ltd (BOTL), an affiliated company of The Bank of Tokyo-Mitsubishi UFJ, for a KFELS Super B Class jackup rig worth about US$240 million.

Scheduled for completion at end 2016, the rig – which is provisionally named Hakuryu 15 – will be operated by Japan Drilling Co., Ltd (JDC) based on the leased Mr Wong Kok Seng, Managing Director (Offshore) of Keppel O&M, said, “We are pleased for this opportunity to support BOTL, and to join hands with our valued customer JDC once again. Hakuryu 15 is the second KFELS Super B Class jackup rig that will join JDC’s fleet, and their support is a reiteration of their trust and confidence in our proprietary solutions and companies. 

“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. With 11 such rigs successfully operating around the world, we are confident this new addition will be just as successful for BOTL and JDC. Our strong understanding with JDC developed over several projects will stand us in good stead in delivering this rig to their highest standards, safely, on time and within budget.”