Tuesday, July 10, 2012 -
Singapore-based firm Keppel Corp on Tuesday said it nabbed a $242 million deal to build an offshore mobile drilling rig for Kazakh state-run oil and gas company KazMunaiGas (KMG).
KMG wants to deploy the jackup rig at one of its fields in the Caspian Sea by the first quarter of 2015, Keppel said in a press release.
Keppel, the world’s largest oil and gas rig producer, will make the drilling platform with movable legs and a buoyant hull that can be raised above the surface of the sea.
The KFELS B Class rig will be able to operate in water depths from 260-400 feet and drill to a maximum depth of 20,000 feet.
Keppel’s Kazakh unit Keppel Kazakhstan signed the contract with KMG’s wholly-owned subsidiary Teniz Burgylau.
The platform will be made by Keppel Kazakhstan and its consortium partner Ersai Caspian Contractor.
Kazakhstan has proven oil reserves of around 30 billion barrels and natural gas reserves amounting to 100 trillion cubic feet.
Keppel has been involved with Kazakh oil and gas extraction since 2003.