Sete orders five deepwater drilling rigs from Keppel for Brazil

Offshore staff

SINGAPORE – Sete Brasil Participações S.A. has signed a letter of intent with Keppel Offshore & Marine Ltd. to design and build five semisubmersible drilling rigs for $4.12 billion.

The rigs will be based on Keppel’s DSSTM 38E design rated to drill to 10,000 m (3,280 m) below the rotary tale in 3,000 m (9,842 ft) of water. The rigs will have eight azimuthing thrusters and meet DP-3 criteria.

“It is full steam ahead for us in growing our fleet of rigs and vessels to support the E&P activities in offshore Brazil, and we need to partner shipyards like Keppel which can deliver the quality rigs in a timely manner which we are looking for,” said Joao Carlos Ferraz, Sete’s CEO.

4/13/2012

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