Keppel to deliver new generation semisubmersible to Maersk

Keppel Offshore & Marine Ltd. will deliver a new generation semisubmersible rig to Maersk Contractors two weeks ahead of schedule.

Keppel Offshore & Marine Ltd. will deliver a new generation semisubmersible rig to Maersk Contractors two weeks ahead of schedule.

"We fully expect Lider to prove its state-of-the-art capabilities during the upcoming contract with Exxon Azerbaijan and other operators in the Caspain region," said Tage Bundgaard, president of Maersk Contractors.

Lider will be contracted to Exxon Azerbaijan Operating Co. and Chevron Overseas Petroleum Azerbaijan Ltd. for a three-year drilling program.

Co-designed by Keppel FELS of Singapore and Marine Structure Consultants of The Netherlands, this multi-function rig is the first of the DSS-20-CAS-M semisubmersible design to be built.

Keppel FELS and CSC, a subsidiary of Keppel O&M, won the contract to construct the Lider in February 2001, following their delivery of the MOD V jackup rig, Gurtulush to Transocean SedcoForex.

Capable of operating in 1,000 m of water and drilling depths of 9,140 m, Lider has a variable deck load of 4,000 tons and is able to accommodate 130 people. It is designed to handle large water depths and high formation pressures, which are anticipated at the first well in the Zafar Mashal structure.

07/25/03

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