Keppel O&M to Deliver First Jackup for 2013 Ahead of Schedule

Keppel Offshore & Marine (Keppel O&M) is aiming to deliver its first jackup for 2013 - Dynamic Vision (300' ILC jackup) - to Vision Drilling by the end of January, two months ahead of schedule, a company spokesperson confirmed with Rigzone Monday.

Under the original contract inked, Keppel FELS – the shipyard allocated to build the jackup – was required to deliver the unit by March 2013. The shipyard's ability to deliver ahead of schedule garners Keppel O&M an early delivery bonus of $1 million.

Dynamic Vision will be chartered to India's Oil and Natural Gas Corporation (ONGC) for five years, the spokesperson added.

Built and optimized to meet the unique requirements of India, Dynamic Vision – a KFELS B Class jackup – is capable of operating in water depths of 350 feet and drilling down to 30,000 feet. Keppel O&M’s fully-automated high capacity rack and pinion elevating system, and self-positioning fixation system have been incorporated into the jackup’s design.

Commenting on the company's performance, Keppel O&M's Managing Director, Wong Kok Seng said in a statement released on Saturday: "We are pleased to be able to deliver our first rig of 2013 two months ahead of schedule. It augurs well for the rest of the 19 rigs that we are expected to deliver this year."

Keppel FELS is slated to deliver 20 offshore rigs this year, a record number for any shipyard worldwide. 

Quintella has reported on the upstream and downstream oil and petrochemicals markets from 2004. Email Quintella at quintella.koh@rigzone.com.

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit http://www.riglogix.com/.

View the original article here