Keppel Offshore & Marine (Keppel O&M) has, through its wholly owned subsidiary Keppel FELS, delivered the Hermod jackup rig to Borr Drilling safely, on time and within budget.
Built to Keppel’s proprietary KFELS B Class design, Hermod is the fourth of 11 jackup rigs that Keppel is building for Borr Drilling.
“We are pleased to deliver a fourth high-specification jackup rig to Borr Drilling which is also the 70th KFELS B Class rig to enter market,” Tan Leong Peng, Executive Director (Newbuilds) of Keppel O&M, said. “Operators and oil companies have shown a preference for the high-spec KFELS B Class rig as it is robust, reliable, versatile and efficient.”
“Completed on time, within budget, and with a good safety record, the delivery of the Hermod reflects Keppel O&M’s steadfast commitment to provide value-added solutions to our customers,” Mr Peng added. “We have seven more jackup rigs on order for Borr Drilling, and we look forward to furthering our partnership with them.”
Developed by Keppel O&M’s technology arm, Offshore Technology Development, the KFELS B Class rigs have a market share of about a quarter of all jackup rigs delivered since 2000. The cost-effective rig, which incorporates environmentally friendly features that reduce emissions and discharges, is designed to operate in 400 ft water depth and drill to 30,000 ft. It is equipped with a full 15,000 psi BOP system, with accommodation for up to 150 personnel.
“We are pleased to add another quality jackup rig to our fleet from Keppel,” Svend Anton Maier, CEO of Borr Drilling, said. “Our customers can be assured that these rigs have a proven track record and always deliver excellent performances wherever they are deployed. The global jackup drilling rig fleet utilization has been on an upward trend, driven by increasing utilization of modern rigs such as Keppel’s B Class rigs. Demand also continues to grow, with various jackup rig tenders across the world. We look forward to the delivery of subsequent jackup rigs, which will allow us to further capitalize on these opportunities in the market.”
Keppel O&M has previously delivered the Saga, Skald, and Thor jackup rigs to Borr Drilling.