Borr Drilling receives new jackup rig from Keppel

24 April 2020 (Last Updated April 24th, 2020 16:17)

Singapore-based offshore drilling rig builder Keppel Offshore & Marine, through its wholly owned subsidiary Keppel FELS, has delivered a newbuild jack-up drilling rig to Borr Drilling.

Borr Drilling receives new jackup rig from Keppel
The drilling rig, Hild, is the sixth KFELS Super B Class jackup delivered to Borr Drilling. Credit: Nico Franz from Pixabay.

Singapore-based drilling rig builder Keppel Offshore & Marine, has delivered a newbuild jack-up drilling rig to Borr Drilling via a subsidiary.

Keppel Offshore & Marine wholly owns subsidiary Keppel FELS (KFELS). This drilling rig is the sixth KFELS Super B Class jackup delivered to Borr Drilling, out of the 11 rigs the ordered.

The new rig is titled ‘Hild’ and is designed to operate in 400ft water depth, drilling to 35,000ft. Features of the rig include a maximum combined cantilever load of 2,700 kips as well as high capacity hook loads of about two million pounds.

In a press statement, Keppel Offshore & Marine said: “Developed by Keppel O&M’s technology arm, Offshore Technology Development, the KFELS B Class designs have a market share of about a quarter of all jackup rigs delivered since 2000.

“The innovative and cost-effective rig incorporates industry-leading safety and environmentally friendly features which provide maximum uptime with reduced emissions and discharges.”

The rig design has performed in major offshore exploration and development programmes across various locations worldwide.

Following the recent delivery, Borr Drilling will have nine KFELS B Class and two KFELS A Class rigs in its fleet.

Previously Keppel FELS had built the Saga, Skald, Thor, Hermod, and Heimdal KFELS Super B jackups for Borr Drilling.

This month, Borr Drilling received a series of notices for early contract terminations from ExxonMobil and BW Energy. Given the current market conditions, Borr Drilling anticipates further termination notices.

In May 2018, Keppel Offshore & Marine signed a master agreement through subsidiary Keppel FELS to sell five existing jackup rigs to Borr Drilling for around $745m.