Keppel FELS Ltd (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, SAGA, to Borr Drilling Limited (Borr Drilling) safely, on time and on budget.
Built to Keppel's proprietary KFELS Super B Class design, SAGA is the first of five jackup rigs that Keppel is building for Borr Drilling.
Mr Chris Ong, CEO of Keppel O&M, said, "We are pleased to deliver the first rig to our new customer Borr Drilling. This will be the 12th KFELS Super B Class rig and the 66th rig of the KFELS B Class family to enter the market. Keppel O&M continually engages our customers to develop win-win solutions. As the drilling market recovers, the quality and capabilities of our KFELS B Class designs would be important differentiators for rig owners seeking efficient and reliable operations. Our rigs have set the industry benchmark and we are confident that this rig will be just as successful when deployed."
The KFELS Super B Class rigs are designed to operate in 400 feet water depth and drill to 35,000 feet. With a two million pound drilling system and a maximum combined cantilever load of 3,700 kips, the KFELS Super B Class is equipped with tremendous horsepower during drilling operations.
The CEO of Borr Drilling, Mr Simon Johnson, added, "Jackup utilisation is improving as we recover from the bottom of the business cycle. The market preferentially rewards contractors who invest in the latest designs from the best shipyards. Our partnership with Keppel FELS allows us to provide rigs with leading edge specifications ready to deliver the highest operational performance to our customer base. We are looking to be paid for the performance that we deliver and our relationship with Keppel FELS is one of several crucial partnerships we are fostering that are focused on improving industry outcomes. Our KPI's are focused on accelerating time to first oil."