Keppel FELS Delivers Rig to ADC

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered ARABDRILL 70, a KFELS B Class jackup rig, to Arabian Drilling Company (ADC). It was completed three days ahead of schedule, on budget and with a perfect safety record, the builder said.

ARABDRILL 70 is the fourth KFELS B Class jackup rig to work for ADC.

Keppel (KPELF) FELS had previously delivered two jackup rigs, ARABDRILL 50 and ARABDRILL 60 in June 2013 and December 2013 respectively. The jackups have since been operating successfully for ADC and their charterer, Saudi Aramco, Saudi Arabia's national oil company. ADC also acquired ARABDRILL 30 in 2009. In addition to these rigs, Keppel FELS built a KFELS Super B Class rig, SAR 202, directly for Saudi Aramco in 2012.

Wong Kok Seng, Managing Director of Keppel O&M (Offshore) and Keppel FELS, said, "We build long-standing partnerships with our quality customers which enable us to understand their needs and deliver projects that are well-received in the market, efficiently and safely each time. We are proud that our proprietary KFELS B Class design has served ADC well and remains in strong demand even in the current low oil price environment.

"This is our eighth delivery this year and we continue to focus on executing our projects well, ensuring on-time and on-budget deliveries. Besides newbuild rigs, we are also actively engaged in repair and modification projects for our customers. By the end of this year, Keppel FELS would have completed 17 repair projects."

ARABDRILL 70 is the 61st KFELS B Class rig delivered since 2000. The KFELS B Class design has a market share of about a quarter of all jackup rigs delivered in the last 15 years. The innovative and cost-effective KFELS B Class jackup rig has proven to be the trusted workhorse of the industry, and has performed excellently in major offshore exploration and development programmes in various locations worldwide. It has been employed by some 20 international drilling operators in over 15 countries.

Developed by Keppel's technology arm, Offshore Technology Development (OTD), the KFELS B Class jackup design is able to operate in water depths of up to 400 feet and drill to depths of 30,000 feet. It incorporates Keppel's advanced and fully-automated high capacity rack and pinion jacking system, and self-positioning Fixation System. Designed with industry-leading features for safety and environmental friendliness, the KFELS B Class provides maximum uptime with reduced emissions and discharges.