GET THE DETAILS


POLL:
WORLD SHIPBUILDING COMPETITIVENESS

You're ordering a ship tomorrow. Where will you get the best price?

Japan
S. Korea
China
Vietnam
India
Other

Marine Log

AmFELS WATERFRONT

November 1, 2007

Rowan orders four at AmFELS

Keppel AmFELS Inc. has secured contracts from Rowan Companies, Inc. (Rowan) to build four jackup rigs.

Each rig is valued at US$195 million, which includes owner furnished equipment.

"The construction contracts with Keppel AmFELS afforded us the opportunity to accelerate the expansion of our offshore drilling business by partnering with a first class organization and shipyard," said Mr Danny McNease, Chairman and Chief Executive Officer of Rowan.

"Rowan is a world class drilling contractor and a new customer to Keppel," said Mr Tong Chong Heong, Managing Director & COO of Keppel AmFEls parent Keppel O&M and Chairman of Keppel AmFELS. We are glad that they recognize Keppel's capability and commitment to meet customer requirements on time, within budget and without incident.

Deliveries of the four rigs are slated progressively between the second quarter of 2010 through to 2011.

They will be built to the LeTourneau Super 116E design with initial leg lengths of 410 ft for operating in water depths of up to 350 ft and drilling depths of down to 30,000 ft. When completed, the rigs will be capable of drilling high-pressure, high-temperature and extended-reach wells.

Keppel AmFELS has just delivered its second rig to Scorpion Offshore and is constructing six more jackups: three for Scorpion Offshore; and one each for Atwood Oceanics, Diamond Offshore and Perforadora Central. It is also building a sludge vessel for the City of New York.

MORE NEWS STORIES