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Monday, 01 December, 2008, 23:10 GMT | more >>

Keppel bags PV Drilling treble



By Upstream staff 

Singapore's Keppel Fels has won a $205 million job to build a third KFels B class jack-up drilling rig for Petrovietnam Drilling & Well Services (PV Drilling).

The agreement is still subject to conditions to be met by 14 March.

The latest KFels B class rigs will be capable of drilling in water depths of 360 feet with a drilling depth of 30,000 feet.

The units will also feature engines that meet more stringent emission standards and lower spud can bearing pressure for operation in areas with soft soil conditions.

Living quarters on the unit are designed to accommodate up to 110 crew, in one- and two-person cabins.

Both PV Drilling’s second rig order, PV Drilling II, which is already under construction, and the new order are due for delivery in the fourth quarter of 2009.

PV Drilling boss Do Van Khanh said: “It is estimated that there will be 900 exploration wells (drilled) in Vietnam over the next 15 years. We want to position ourselves to capture this market."

To meet the tight exploration schedule, PV Drilling intends to spend around 27.4 trillion dong ($1.7 billion) from now until 2025 to build and operate a fleet of 11 onshore and offshore rigs.


Wednesday, 05 March, 2008, 10:51 GMT  | last updated: Wednesday, 05 March, 2008, 11:16 GMT

New Order: Keppel wins third rig award from PV Drilling for KFELS B Class jackup (pictured above PV Drilling I)
 

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