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

  • 17 December 2014

    Saudi Aramco: Four factors for a sustainable drilling business

    Despite the modest growth in demand and drop in oil prices today, the long-term outlook for industry is healthy. “Our industry will need to add around 40 million bbl per day for new capacity...

  • 16 December 2014

    Ensco development program produces driller in 3 years

    Ensco’s Accelerated Development Program (ADP) takes a “green” individual and, within a three-year period, trains them to become a driller. In response to personnel shortages in various areas, including drilling...

  • 16 December 2014

    Saudi Aramco: ‘Industry cannot afford to lose talent when the economy is down’

    Industry is facing a human resources challenge in two areas: the ageing workforce and the shortage of skills, Mohammed Al Sellemi...

  • 16 December 2014

    Nanotechnology has potential to improve tool performance in extreme environments

    In terms of temperature stability and corrosion, tools have limitations, especially in extremely challenging drilling environments. Jothibasu Ramasamy...

  • 16 December 2014

    Colville: WCI provides forum to evaluate practical, economical advances in well control practices

    Major players throughout industry are joining forces under the Well Control Institute (WCI). The mandate of WCI is “to provide the definitive forum...

  • Read more news