May/June 2010 - Keppel Offshore & Marine

BUSINESSSolid progressKeppel Shipyard, Frontier Drilling and Shell celebrated the naming of Bully I, which has achieved overfive million man-hours without lost-time incidents to dateKeppel O&M celebrated severalkey construction and namingmilestones with their offshore andmarine customers in the months ofMay and June.First Bully namedOn 19 June 2010, Keppel Shipyardcelebrated the naming of thedrillship Bully I. It is the first oftwo Bully drillships Keppel isundertaking for a companyjointly owned by Frontier Drillingand Shell.Held at Keppel Shipyard, Tuas, thevessel was named by Lady Sponsor,Susan Ward, Head of Mergers& Acquisitions and CommercialFinance, Americas, Shell.The project was a culmination ofthe close cooperation betweenKeppel and Frontier Drilling.This partnership extended to thedrillship’s hull assembly productionphase at Shanghai Shipyard, whereKeppel Shipyard provided a teamon site to collaborate with FrontierDrilling during the block erectionphase prior to the vessel’s arrivalhere in 2008.Strong foundationsProject teams from Keppel FELSand Ensco plc celebrated thekeel-laying for ENSCO 8506, theseventh unit of the ENSCO 8500Series ® semisubmersible drillingrigs built exclusively by Keppel FELSon 25 May 2010.Backed by strong executionabilities and familiarity withthe ENSCO 8500 Series ® design,Keppel FELS is well on track for theconstruction of the remaining fourrigs.Cut of finesseHistory was in the making at thestrike steel ceremony for SaudiAramco’s first purpose-built KFELSSuper B Class jackup at Keppel FELSon 4 May 2010.The cutting of the rig’s first steelcomes just about three monthsafter contract signing betweenKeppel FELS and Aramco OverseasCompany. This rig is slated fordelivery in the second half of 2012for work in the Middle East.10OffshoreMarine May – June 2010