Keppel FELS has secured a $772m contract to build four jack-up oil rigs for returning customer S.D. Standard Drilling. Keppel FELS will build its KFELS B Class rigs for the Oslo-listed pure play jack-up company, with the rigs slated for deliveries between the second-half of 2013 and first-half of 2014. Standard Drilling had ordered its first jack-up rig from Keppel FELS in November 2010 with two options.
In just six months, Keppel FELS has won new orders for 19 KFELS B Class series rigs, including these latest contracts. “The newbuild activity that we see in today's market is driven by a need for a global fleet renewal, which is expected to increase in the future. As long as there are rigs available in the market, the high-end units will be preferred over the older and second rated ones,” said Espen Lundaas, cfo of Standard Drilling.
The KFELS B Class rig is capable of operating in water depths of 122 metres, drilling depth of 9,144 metres and accommodate 120 men.