TS Jasper (Keppel Offshore & Marine) (Jackup)

Xcite and COSL enter MOU for Bentley field jackup

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17 November 2014

Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources plc ("XER"), has entered into a Memorandum of Understanding ("MOU") with China Oilfield Services Limited ("COSL"), which sets out the principles for the provision of a new-build Keppel FELS N Class Plus, harsh environment jack-up drilling rig, together with equipment and personnel for the Bentley field. Final specifications of the rig are currently being agreed in order for construction to begin at the Keppel FELS yard in Singapore. COSL will work in a collaborative manner with all the key stakeholders to develop innovative, field specific rig and drilling services for Bentley, to maximise the economic recovery from the field and the economic return for all stakeholders. Rupert Cole, CEO of Xcite Energy, commented: "We are very pleased that COSL has joined the Bentley development team and this marks the last of the key development group roles to be filled. COSL has considerable experience in drilling operations and we believe they possess the skills and expertise to work alongside our other partners in our collaborative and innovative model. Selecting this ultra-high specification drilling rig, and constructing it at the Keppel FELS yard in Singapore, is an important part of securing both the future schedule and drilling efficiency of the Bentley project."

Source: http://www.xcite-energy.com/investors/regulatory-news/rns-news/12151954

More News for Operator: Keppel Offshore & Marine

11 Dec 2013

Keppel FELS pushes forward with construction of newly designed CAN DO drillship

Keppel FELS Ltd (Keppel), the Singaporean based offshore rig builder has announced that the company is set to push forward with the construction of the company’s newly launched CAN DO drillship. The unit is being built on a speculative basis by Keppel with no client lined up to take delivery of the unit upon completion. The drillship is expected to be delivered towards the end of 2016 and has been designed to deliver good performance whether the unit is performing development/completion drilling or exploration drilling. The CAN DO drillship when constructed will be the first drillship capable of handling a 20K psi blowout preventer.

3 Mar 2014

First KFELS N Plus jackup to be built for TS Offshore

Keppel FELS Limited (Keppel) has announced that it has secured a contract from TS Offshore Limited (TS Offshore), to construct the world’s first KFELS N Plus designed jackup rig. The unit which is scheduled for delivery from Keppel’s shipyard in Singapore in Q1 2017 is capable of operating in water depths up to 500ft and drilling down to a maximum depth of 35,000ft. TS Offshore will deploy the unit in the Eastern China Sea upon its completion but the unit will also be capable of operating in the North Sea. Keppel has announced that the cost of construction for the ultra-high specification jackp rig is worth around US$500 million. When delivered to TS Offshore, the jackup could be the largest jackup rig in operation however, this fact is dependent on the delivery date for the ‘Dubai Expo 2020 NS’ jackup, which upon completion will be capable of operating in water depths of 574ft and is also due for delivery in Q1 2017.

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