Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
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Keppel Offshore & Marine’s yards have secured two contracts worth a total of about US$70 million for work in the company’s U.S. and Azerbaijan yards.
In the US, Keppel AmFELS LLC says that it has secured a contract from Transocean to repair and upgrade the semisubmersible drilling rig Sedco 707.
The rig is scheduled to arrive at Keppel AmFELS in Brownsville, TX in July 2012. Sedco 707’s major scope of work includes steel renewal of the hull, repair of the thrusters, refurbishment of the living quarters as well as electrical and piping replacement work. The semi is expected to depart in 1Q 2013and return to work in offshore Brazil.
“We thank Transocean for their trust and confidence in us and look forward to delivering another successful project to them safely and on time,” said Tan Geok Seng, President of Keppel AmFELS. “Having built a long term relationship with Transocean, we are attuned to their needs and committed to support them in the renewal of their fleet.
“While we have a healthy base load of new builds, we have the capacity and expertise to undertake various repair projects which constitute an important part of our business. We are well positioned to support operators requiring efficient repairs in the region,” Seng added.
The Sedco 707 is a self-propelled, twin-hulled semisubmersible drilling unit with eight thrusters designed to work in water depths of up to 6,500 feet. She has been working off the coast of Rio de Janeiro, Brazil.
Separately, Keppel O&M’s shipyard in Azerbaijan, Caspian Shipyard Company has also secured a contract to build a floating dock for Baku Shipyard LLC. Expected to be completed in 4Q 2013, the floating dock will be 168 meters by 50 meters and equipped with two sets of 25 ton Jib Cranes. It will have a maximum docking weight of 9,000 tons with a maximum docking draft of 6.5 meters.
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