PV Drilling orders new jackup for early 2015 delivery

Posted on 05 July 2013

sm-pv-drilling

PV Drilling Overseas (PVDO) is acquiring a KFELS B Class jackup scheduled for delivery in Q1 2015 for approximately US $210 million. “We are looking to catch up on the huge demand for offshore rigs and actively seize the opportunities coming,” Pham Tien Dung, chairman of PVDO and CEO of PV Drilling, said. “To meet this aim, we are pleased to be able to acquire a premium jackup rig with such an early delivery schedule. This is an important addition to our current fleet of rigs to expand our fleet through acquisitions and charters to accelerate our drilling program for Vietnam and the overseas market.”

The high-specification rig will be the 19th KFELS B Class rig on order at Keppel FELS. It will be able to operate in water depths up to 400 ft, drill to a maximum depth of 30,000 ft and accommodate up to 150 men. Forty-five such rigs have been delivered since 2000, according to Keppel FELS.

The KFELS B Class rigs incorporate the rig builder’s fully automated high-capacity rack and pinion elevating system and self-positioning fixation system. It provides maximum uptime with reduced emissions and discharges. The design received an engineering achievement award from the Institution of Engineers Singapore in 2009.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 22 April 2015

    Transocean appoints Jeremy D. Thigpen as President & CEO

    Transocean has announced that Jeremy D. Thigpen has been named President and Chief Executive Officer effective 22 April 2015. Mr Thigpen succeeds Ian C. Strachan, Interim...

  • 22 April 2015

    Noted broadcast journalist Eithne Treanor to MC IADC World Drilling 2015, Rome, 17-18 June

    IADC is pleased to announce that noted industry broadcast journalist and professional moderator Eithne Treanor will serve as master of ceremonies...

  • 22 April 2015

    UBO & MPD Committee drives safe practices, while survey indicates industry moving toward acceptance

    The IADC Underbalanced Operations & Managed Pressure Drilling Committee continues to drive safe practices...

  • 22 April 2015

    Video: Schlumberger’s At Balance brand aims to make MPD more accessible

    Schlumberger recently brought back the At Balance brand as a family of product and services offering at the 2015 IADC/SPE Managed Pressure Drilling and Underbalanced...

  • 21 April 2015

    Petrobras’ first MPD operation aboard a DP rig succeeds

    Petrobras’ first use of MPD aboard a dynamically positioned rig proved successful and kept NPT to less then 3%, according to a paper presented at the 2015 IADC/SPE...

  • Read more news