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Keppel FELS to upgrade rig for Safin

Offshore staff

SINGAPORE – Safin Gulf FZCO has contracted a KFELS B Class jackup from Keppel FELS for $199 million.

This will be a refurbishment and upgrade of a jackup that Keppel FELS purchased earlier this year. It should be delivered to Safin next summer.

The rig will be equipped with offline stand building features. It will also feature a 15,000-psi (1,034-bar) BOP system, 70-ft (21.3-m) cantilever outreach, upgraded mud pit storage capacity of 4,000 bbl, and accommodation for up to 150 personnel.

Raimonds Namikis, executive VP of Dubai-based Safin said: "The high-specification KFELS B Class is a proven design and with the tight jackup market, we are delighted to be able to receive it much earlier than if we were to place a new order.”

Wong Kok Seng, managing director of Keppel FELS said: "We are pleased to embark on a new partnership with Safin and look forward to supporting them as they expand their offshore fleet and presence in the Middle East.”

10/03/2011

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