Keppel secures contract for Bully 2

A jointly-owned Frontier Drilling and Shell company has awarded a $101 million contract to Keppel Shipyard Ltd. for the integration and completion of a new build Bully drillship.

Jan 23rd, 2008

Offshore staff

SINGAPORE -- A jointly-owned Frontier Drilling and Shell company has awarded a $101 million contract to Keppel Shipyard Ltd. for the integration and completion of a new build Bully drillship.

This is the second drillship of the Bully design awarded to Keppel by the same owners. The first was awarded in June 2007 for delivery by Q4 2009.

The new hull will be built in China and is due to arrive at Keppel Shipyard in Q1 2009. The drillship is expected to be delivered by Q2 2010.

The Bully drillships are designed to conduct surface BOP drilling operations in water depths of up to 12,000 ft (3,658 m) and subsea BOP operations in water depths of up to 8,250 ft (2,515 m) as equipped (up to 10,000 ft [3,048 m] capability). The total drilling depth below the drill floor is 40,000 ft (12,192 m). The drillships will also be equipped with ice-class hulls and fitted with DP-2.

Keppel Shipyard's work scope for theBully 2 includes installation, integration and completion of the owner-supplied power generation, thrusters and drilling equipment packages on a new hull.

1/23/2008

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