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Keppel wins US$425 mil repeat order from Awilco for semisub rig

PC Lee
PC Lee • 2 min read
Keppel wins US$425 mil repeat order from Awilco for semisub rig
SINGAPORE (Mar 9): Keppel Offshore & Marine (Keppel O&M), through its subsidiary Keppel FELS, has secured an order with Awilco Drilling for the construction of a repeat mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 m
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SINGAPORE (Mar 9): Keppel Offshore & Marine (Keppel O&M), through its subsidiary Keppel FELS, has secured an order with Awilco Drilling for the construction of a repeat mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 million ($577 million).

This follows the exercise of an option by Awilco under the earlier contract entered into between Keppel FELS and Awilco for a similar rig. As part of that transaction, Awilco has independent options to order up to another two similar rigs to be exercised in 2020 and 2021 respectively.

The rig will be built to Moss Maritime's CS60 ECO MW design and is scheduled for completion in 1Q22. Similar to the first rig, it is specially designed, configured and outfitted for mid-water operations in water depths up to 1,500m and able to work in the harshest environments of North West Europe, including the Barents Sea.

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