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Keppel Delivers Fourth Jackup Rig to Borr Drilling

Source: www.gulfoilandgas.com 10/15/2019, Location: Asia

Keppel Offshore & Marine Ltd (Keppel O&M) has, through its wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS), delivered the state-of-the-art jackup rig, Hermod, to Borr Drilling Limited (Borr Drilling) safely, on time and within budget.

Built to Keppel's proprietary KFELS B Class design, Hermod is the fourth of eleven jackup rigs that Keppel is building for Borr Drilling.

Mr Tan Leong Peng, Executive Director (Newbuilds) of Keppel O&M, said, "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. 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 Hermod reflects Keppel O&M's steadfast commitment to provide value-added solutions to our customers. 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 feet water depth and drill to 30,000 feet. It is equipped with a full 15,000 psi BOP system, with accommodation for up to 150 personnel.

Mr Svend Anton Maier, CEO of Borr Drilling, added, "We are pleased to add another quality jackup rig to our fleet from Keppel. 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 utilisation has been on an upward trend, driven by increasing utilisation 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 capitalise on these opportunities in the market."

Keppel O&M has previously delivered the Saga, Skald, and Thor jackup rigs to Borr Drilling.

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