(EnergyAsia, June 4 2012, Monday) — Keppel FELS Limited said it has won a contract order from Maersk Drilling Holdings Singapore Pte Ltd, a wholly owned subsidiary of Denmark’s A.P. Moller – Maersk A/S, to build a repeat Gusto MSC CJ70 ultra harsh environment jackup rig worth about US$560 million.

Scheduled for delivery in 1Q 2015, the rig will be deployed in Dagny field in the Norwegian North Sea for Statoil.

This is the third CJ70 jackup rig that Keppel FELS is building for Maersk Drilling, following an order for two such rigs in February 2011. As part of this repeat order, Maersk Drilling will have an option to build an additional jackup rig of the same design with Keppel FELS.

The CJ70 rigs are designed for operation in the harsh environment of the North Sea, at water depths of up to 150 metres.

The high capacity features include offline pipe handling and simultaneous operations as well as an enlarged cantilever reach, which will significantly increase the drilling efficiency compared to conventional units.

The enhanced design also includes multi-machine control on the drill floor that adds a degree of automation to ensure a safe operation and consistent performance. A total of 150 people can be accommodated on board in single cabins.

Tong Chong Heong, CEO of Keppel Offshore & Marine, said: “Our congratulations to Maersk for winning the confidence of Statoil. We are pleased to be given this opportunity to partner Maersk Drilling in their project for Statoil. Having developed a long-term partnership with Maersk Drilling, we have a keen understanding of their requirements, enabling us to support them in growing their rig fleet.

“This repeat order is a testament to our ability to deliver high quality rigs on time, safely and within budget. I am confident that, like our previous rigs for Maersk Drilling, the three CJ70rigs will be a success when they are deployed.”

Claus V. Hemmingsen, CEO of Maersk Drilling and member of the A. P. Moller – Maersk Group board, said:

“Maersk Drilling already operates six ultra harsh environment jackup rigs in Norway, and the addition of three more high specification units will further solidify our stronghold in this attractive market. We have chosen to work with Keppel FELS as they have proven to be a professional partner and supplier of state-of-the-art drilling units, helping us to meet the needs of our customers.”

The A.P. Moller – Maersk Group operates in some 130 countries and has a workforce of some 115,000 employees. In addition to owning one of the world’s largest shipping companies, it is involved in a wide range of activities in the energy, logistics, retail and manufacturing industries.

Maersk Drilling provides high-efficiency drilling services to oil companies around the world. In addition to the four drillships and three jackup rigs on order, the modern fleet counts 26 drilling rigs including deepwater semi-submersibles, high-end jackup rigs and cantilevered drilling barges. Maersk Drilling was established in 1972 and employs an international staff of 3,300 people.

Keppel FELS is a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned company of Keppel Corporation Limited. Keppel FELS is a leading designer, builder and repairer of high-performance mobile offshore rigs. Its portfolio of proprietary designs and floating production solutions meets a broad spectrum of operating requirements, including deep waters and harsh environments

Keppel O&M is also a leader in ship repair and conversion, and specialised shipbuilding, operating a global network of 20 yards and offices in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions.