Keppel delivers first rig of 2020

Source: press release, 15 January 2020

Borr Drilling, a drilling contractor that owns and operates jack-up rigs of modern and high-specification designs, provides drilling services to the oil and gas exploration and production industry worldwide
Borr Drilling, a drilling contractor that owns and operates jack-up rigs of modern and high-specification designs, provides drilling services to the oil and gas exploration and production industry worldwide (photo: Borr Drilling)

Keppel Offshore & Marine Ltd has, through its wholly owned subsidiary Keppel FELS Ltd, made its first rig delivery in 2020 safely, on time and within budget. Named Heimdal, the jack-up rig is built to Keppel’s proprietary KFELS B Class design and is the fifth of eleven jack-up rigs that Borr Drilling has ordered from Keppel.

Tan Leong Peng, Executive Director (Newbuilds) of Keppel O&M, says, “We are pleased to deliver our first rig of the year, which is also the fifth jack-up rig that we have built for Borr Drilling. The KFELS B Class is a proven workhorse of the industry and we are confident Heimdal will contribute to Borr Drilling’s exploration efforts.”

“Jack-up utilisation has been increasing and there is a strong market preference for high spec rigs as older rigs are being retired. With our strong track record in design, engineering and execution, Keppel O&M is committed to providing value added solutions for our customers,” he continues.

Following this delivery, Borr Drilling will have eight KFELS B Class rigs in their fleet.

With a market share of about a quarter of all jack-up rigs delivered since 2000, the KFELS B Class is the workhorse of the industry and continues to be the preferred rig solution for shallow water exploration.

Developed by Keppel O&M’s technology arm, Offshore Technology Development, the cost-effective rig incorporates environmentally friendly features that reduce emissions and discharges. It is designed to operate in 400 feet water depth and drill to 30,000 feet and is equipped with a full 15,000 psi BOP system, with accommodation for up to 150 personnel.