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November 23, 2009

Keppel FELS Brasil to upgrade Noble drillships

Keppel FELS Brasil (BrasFELS), has secured contracts from Noble Corporation (Noble) to upgrade and repair two of Noble's Brazil-based drillships for US$304 million.

Work include covers the fabrication, repair and replacement of components, including the stern section, accommodation blocks, sponsons and heliport.

The drillships, Noble Leo Segerius and Noble Roger Eason, will be upgraded sequentially at the BrasFELS yard in Angra dos Reis, beginning with the arrival of the first drillship by early 2011. The two deliveries are scheduled between the last quarter of 2011 and the first half of 2012 respectively.

Meanwhile, both parties are in advanced talks on the upgrading of a third Brazil-based drillship operated and majority-owned by Noble.

When completed, Noble Leo Segerius and Noble Roger Eason will be deployed offshore Brazil to meet the requirements of Petrobras' extensive drilling plans.

BrasFELS has recently completed the upgrade of the semisubmersible Noble Paul Wolff and is currently in the final stages of work on Noble Dave Beard, which arrived in Brazil earlier this year.

Keppel FELS Brasil is a wholly owned subsidiary of Singapore's Keppel Corporation, through Keppel Offshore & Marine Ltd (Keppel O&M).

Mr. Tong Chong Heong, CEO of Keppel O&M. said, "Keppel O&M's network of global yards continues to advance the Group as the choice partner for the building, repair, upgrading and completion of offshore vessels across the world.

"We are greatly encouraged that Noble has chosen to work with Keppel FELS Brasil again. We hope to deepen this valued relationship and affirm their trust in our commitment to deliver the projects safely, on time and within budget."

Mr. Tong added, "We have been equipping the BrasFELS yard and training our workers to take on more sophisticated jobs over the years, transferring expertise, technology and systems from our Singapore yards to Brazil. As a result, our BrasFELS yard is today the most comprehensive offshore and marine facility in Latin America, and has been able to help to meet Brazil's requirements for greater local content."


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