Borr Drilling adds another jack-up rig to its fleet

Singapore’s offshore rig builder Keppel Offshore & Marine (Keppel O&M) has delivered its fourth jack-up rig to Borr Drilling. The rig has been named Hermod. 

Built to Keppel’s proprietary KFELS B Class design, Hermod is the fourth of eleven jack-up rigs that Keppel is building for Borr Drilling, Keppel said on Tuesday.

Keppel O&M has previously delivered the Saga, Skald, and Thor jack-up rigs to Borr Drilling.

Tan Leong Peng, Executive Director (Newbuilds) of Keppel O&M, said, “We are pleased to deliver a fourth high-specification jack-up rig to Borr Drilling which is also the 70th KFELS B Class rig to enter market. Operators and oil companies have shown a preference for the high spec KFELS B Class rig as it is robust, reliable, versatile and efficient.

“Completed on time, within budget, and with a good safety record, the delivery of Hermod reflects Keppel O&M’s steadfast commitment to provide value-added solutions to our customers. We have seven more jack-up rigs on order for Borr Drilling, and we look forward to furthering our partnership with them.”

Developed by Keppel O&M’s technology arm, Offshore Technology Development, the KFELS B Class rigs have a market share of about a quarter of all jack-up rigs delivered since 2000.

The rig is designed to operate in 400 feet water depth and drill to 30,000 feet. It is equipped with a full 15,000 psi BOP system, with accommodation for up to 150 personnel.

Svend Anton Maier, CEO of Borr Drilling, added, “We are pleased to add another quality jack-up rig to our fleet from Keppel. Our customers can be assured that these rigs have a proven track record and always deliver excellent performances wherever they are deployed. The global jack-up drilling rig fleet utilization has been on an upward trend, driven by increasing utilization of modern rigs such as Keppel’s B Class rigs.

“Demand also continues to grow, with various jack-up rig tenders across the world. We look forward to the delivery of subsequent jack-up rigs, which will allow us to further capitalise on these opportunities in the market.”

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