deep water rig tech spec

8/7/2019 Deep water rig tech spec

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Company ProfileSinvest ASA is a public listed company, and

has been listed on the Oslo Stock Exchange

since its incorporation early in 2001.

The company is located in Kristiansand.

Sinvests objective is to be a long-term

financial and strategic investor in oil- and

offshore companies.


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Sinvests mission is to create shareholder value by pursuing attractive

investment opportunities within the global oil&gas industry. The

companys dedicated and experienced management team emphasize

an industrial hands-on approach to successfully complete

the mission.

Investment Strategy

Sinvest investment strategy is based upon the following key factors:

International perspective

The activities of the companies within the oil, natural gas and

offshore industry are global, and thus the companies active in thisfield as well as projects (e.g. the construction of offshore rigs) need to

have an international perspective.

Selective and focused approach

Sinvest shall always have the approach of keeping its funds at a

manageable size in order not to create the potentially harmful

pressure to invest for the sake of investing. This allows Sinvest to

make fewer investments and, consequently, to be able to spend

more time and effort on the projects and with the management of its

portfolio companies and projects.

Partnering with dedicated Management Teams

Companies or projects that Sinvest invest in shall have dedicatedmanagement teams. Sinvest will provide suitable management

to projects or companies if such are not in place prior to the

investments.

Adding value through active ownership

Through active ownership Sinvest will supply the project

management teams and portfolio company management teams

with extensive and international experience to facilitate growth and

successful completion of projects.

Sound financial structure

Sinvest has significant experience in negotiating and structuring

attractive equity and debt financing. Minimizing Sinvests loss

exposure is key factor to its investment decisions.

Operational and exit strategy

It is Sinvests ambition to be an active owner of companies or projects

until they have matured and are ready for exit through public

offering or industrial trade sale. However, as Sinvests investments

are targeted at projects and companies within a cyclic industry,

Sinvest shall at all times remain alert and ready to secure capital

gains of its investors.

Mission

Statement


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Corporate Structure Sinvest

SINVEST ASA(Nora)

Deep Drillin InvestPte. Ltd.

(Sinapore)

DDI Holding AS

Petrojack ASA

Premium Drilling

Venture Drilling ASBeta Drilling AS

Deep Drilling 1Pte. Ltd.

(Singapore)


(Singapore)


(Singapore)


(Singapore)


(Singapore)


(Singapore)


(Singapore)


(Singapore)

Deep Driller 1PPL

Hull P2006

Deep Driller 2KFELS

Hull B263

Deep Driller 3KFELS

Hull B267

Deep Driller 4PPL

Hull P2008

Deep Driller 5KFELS

Hull B271

Deep Driller 6KFELS

Hull B284

Deep Driller 7PPL

Hull P2015

Deep Driller 8KFELS

Hull B289

100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 %

100 %

100 %

50 %

Deep VentureMurmanskaya

100 % 50 % Approx. 20 %


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When making the decision to undertake this particular investment it

was concluded that it was of importance to differentiate this concept

to other expected fleet replacement orders. Alternative criteria

to achieve this were evaluated and it was concluded a few critical

elements were of high importance:

Moving early. There was a concern regarding shipyard capacity,

steel and equipment prices.

Target the deep (and ultra-deep) gas segment hoisting assembly

& top drive rating, mud & bulk volumes, mud pump capability and

well control equipment & systems.

Maximize cantilever & skid-off capabilities for the chosen designs.

Reduce unproductive time by allowing jacking with full preload ina single stage operation.

Company Structure and Organization

Sinvests engagement in this project has been placed in a separate

corporate entity, Deep Drilling Invest, which have the overall

responsibility for this particular investment. Deep Drilling Invest

is a Singapore company owned 100 % by Sinvest ASA through DDI

Holding AS. Deep Drilling Invest is set up with eight rig owning

daughter companies registered in Singapore.

Deep Drilling Invests units are now marketed and operated by the

drilling contractor Premium Drilling.

Contact info Deep Drilling Invest Pte. Ltd.

Mustadsvei 1, P.O. Box 280 Lilleaker, N-0216 Oslo

DDI phone: +47 22 06 49 01

Switchboard: +47 22 06 49 00

Fax: +47 22 06 49 10

Business concept

As a consequence of the companys investment strategy Sinvest

decided in December, 2003 to take a position in the market for topquality jack-up drilling units. This decision materialized in January of

2004 by placing an order for one (with an option for a second unit)

KFELS Super B Class jack-up at Keppel FELS Ltd. and one additional

order for one (also with an option for a second unit) Baker Marine

Pacific 375 (enhanced) jack-up at PPL Shipyard Pte. Ltd.

Deep

DrillingInvest


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DDI Units Unique Capabilities

DESIGN & CAPABILITIES

Pacific Class 375 (Enhanced)

Water Depth 375 ft

Drilling Depth 30,000 ft

Accommodation 120 persons

CLASSIFICATION

ABS@1A1 Self Elevating Drilling Unit, CDS, US Coast Guard

Flag Panama

PRINCIPAL DIMENSIONS

Length 240 ft

Breadth 224 ft

Depth 28 ft

Leg Length 506 ft

LOADING AND STORAGE CAPACITIES

Variable Load (Drilling) 7,500 kipsLiquid Mud 4,050 bbls

Bulk Storage 11,650 cuft

Base Oil 1,200 bbls

Brine 1,200 bbls

Drill Water 4,850 bbls

Sack Store 5,000 sacks

DRILLING EQUIPMENT & SYSTEMS

Derrick 160 x 35 x 35, 30,000 ft racking capacity

Hook Load 1,500,000 lbs

Drawworks 3,000 hp

Top Drive 1,500,000 lbs. 1,130 hp, high torque

Pipehandling Iron Roughneck

Mud Pumps 3 x 2,200 hp, 7,500 psi. Prepared for 4th Pump

Solids Control 2,200 gpm

BOP Stack 15k, 18 3/4, HT, H2S. Two Double + Annular

Main Power 12,900 hp

Skidding System 70 ft, +/- 15 ft. With full set-back (560 mt)

Jacking System 54 x 800 = 43,200 kips

DESIGN & CAPABILITIES

KFELS Super B Class

Water Depth 350 ft

Drilling Depth 35,000 ft

Accommodation 120 persons

CLASSIFICATION

ABS@1A1 Self Elevating Drilling Unit, CDS, US Coast Guard

Flag Panama

PRINCIPAL DIMENSIONS

Length 246 ft

Breadth 218 ft

Depth 25 ft

Leg Length 486 ft

LOADING AND STORAGE CAPACITIES

Variable Load (Drilling) 7,600 kipsLiquid Mud 5,100 bbls

Bulk Storage 15,000 cuft

Base Oil 1,500 bbls

Brine 1,015 bbls

Drill Water 6,853 bbls

Sack Store 5,000 sacks

DRILLING EQUIPMENT & SYSTEMS

Derrick 170 x 36 x 36, 35,000 ft racking capacity

Hook Load 2,000,000 lbs

Drawworks 4,500 hp

Top Drive 2,000,000 lbs. 2,300 hp

Pipehandling Derrick Piperacking. Iron Roughneck

Standbuilding Capability

Mud Pumps 3 x 2,200 hp, 7,500 psi. Prepared for 4th Pump

Solids Control 2,200 gpm

BOP Stack 15k, 18 3/4, HT, H2S. Two Double + Annular

Main Power 12,740 hp

Skidding System 70 ft, +/- 15 ft. With full set-back (560 mt)

Skid Off Capabilities

Jacking System 36 x 1,300 = 46,800 kips. Rack Phase Differential.

Monitoring System. Jacking with full preload.

Single stage preload capacity.

PPL Pacific Class 375 KFELS Super B Class


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Vision Statement

Premium Drillings vision is to be the contractor of choice for safe,

environmentally responsible, high specification drilling services

enabling our clients to meet their most demanding drilling

objectives.

We will achieve this vision by:

operating the industrys most modern and effective fleet of jack-up

drilling units with outstanding capabilities

train and develop our workforce to ensure that we can provide the

most competent operational teams in the industry

valuing the integrity of our people and their safety as our greatestresponsibility.

Premium Drilling is a modern and innovative Drilling Contractor

operating latest generation equipment with a capable well-trained

workforce.

Harnessing the talents of our people and allowing them to operate

the industrys most modern and effective fleet of jack-up drilling

units will enable the pysical assets to provide financial returns in a

safe and environmentally responsible manner.

Contact info Premium Drilling Inc.

11200 Richmond Ave. Suite 450

Houston, TX 77082Main Line: +1-281-560-2600

Fax line: +1-281-560-2601

Premium Drilling was formed as a Drilling Contractor in 2005 by

Sinvest ASA and Awilco Offshore ASA. The company has offices in the

United States, Singapore, Malaysia and Brunei and will operate

17 Mobile Offshore Drilling units worldwide.

Premium

Drilling


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Rig Operation and Organization Chart Premium Drilling

Premium Drilling Organization Chart

SINVEST RIGS

Deep Driller 1 (Jack-up)






Deep Driller 7 (Jack-up)Deep Driller 8 (Jack-up)

Murmanskaya (Jack-up)

SINVEST/PETROLIA DRILLING RIG

D/S Deep Venture (Drill Ship)

AWILCO RIGS

WilPower (Jack-up)

WilCraft (Jack-up)

WilSuperior (Jack-up)

WilBoss (Jack-up)

WilForce (Jack-up)

WilStrike (Jack-up)

WilSeeker (Jack-up)Option (Jack-up)

Rig fleet

Premium Drilling is currently and in the near future operating

the following rigs:

President and CEOBILL ROSE

Vice President

AdministrationSTEVE BRADShAw

Vice President

OperationsSuNIL PANgARkAR

Vice Presidenthealt, Safet and

EnvironmentMIkE CADIgAN

Vice President

Maretin and ContractsMIkE POPE

Vice President

ControllerSONNy ONg

Exective AssistantkAREN JOhNSON


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Deep Driller 2 at Keppel FELS Shipyard


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Sinvest owns 100 % in Beta Drilling (BD), which has entered into a

bareboat agreement regarding the jack-up Murmanskya with unit

owner Arktikmorneftegazrazvedka (Arktik).

Murmanskaya is a 3-legged, heavy duty Barents and Kara Seas type

jack-up with cantilever, built at Vyborg Shipyard, Russia in 1991. It

has a quadrangle unit shape with spud outriggers and its design

is from Central Design Office Korall, the Ukrain in Sevastopol

with an ISTR international call sign. The jack-up operates underthe Gosgortechnadsor rules, standars and recommendations of ANI

practice. Construction and classification rules of Russian Maritime

Register of Shipping (as per applicable part).

Beta

Drilling AS

Business agreement

Up to 7 months bareboat hire during re-activation phase

Thereafter 3 year bareboat contract

Demobilization period

Re-activation and Mobilization Cost Beta Drilling

Sinvest has made an agreement with Dockwise for transport of the

unit to a Singapore Shipyard (or other suitable location). The rig is

currently enroute Singapore.

Re-activation expected to be completed within a three to four

months period. Ready to drill by second half 2006.

JACK-UP MURMANSKAYA MAIN SPECIFICATIONS

Independent Leg Cantilever jack-up

Owner Arktikmorneftegazrazvedka

Built 1991 in Vyborg

Max drilling water depth 331 ft

Derrick rating 500 T

Power swivel 1,300,000 lbs

Rotary table 49 1/2

Power 6,000 kW

Variable deck load 2,400 T

Cranes 65 T

3 mud pumps 3 x 1,200 kp

Mud volume 2,300 bbls

Bulk volume 10,000 ft3

Deck area 19,000 ft2

Length 358 ft

Breadth 223 ft

Current location (April 2006) Enroute Singapore

Main target drilling markets Far East, South East Asia, Middle East

Jack-up Murmanskaya


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Sinvest owns 50 % in Venture Drilling, which has entered into

a bareboat agreement regarding the drillship Deep Venture

(ex Valentin Shashin) with vessel owner Arktikmorneftegazrazvedka

(Arktik)

Venture

Drilling AS

Business agreement

12 months bareboat hire during re-activation/upgrade phase

Thereafter 5 year bareboat contract

6 x 2-yr extension options of bareboat charter (Venture Drillings

option)

Venture Drilling to re-activate Valentin Shashin including putting

previously offloadedand new equipment on board

Ready to drill by end of 3Q 2006

3 years drilling contract in US Gulf of Mexico in place.

DRILL SHIP DEEP VENTURE MAIN SPECIFICATIONSDynamically positioned drill ship Recognized Gusto design

Owner Arktikmorneftegazrazvedka

Built Rauma Repola, 1981 in Finland

Upgraded 1998 and 2006

Max drilling water depth 4,200 ft

Class DnV @1A1 MODV, DYNPOS-AUTR, Ice

Derrick (w/crown mounted DSC) 1,300,000 lbs

Power swivel 1,300,000 lbs

Pipehandling system 3 arms sysem

Iron roughneck 1 floor mounted

Mud pumps 3 off

Riser-tensioning system max 1,440,000 lbs

Overhead crane for Riser Handling

1 BOP compl. 18 3/4 10,000 psi

1 BOP compl. 16 3/4 10,000 psi

Electro hydraulic multiflex control system 6,000 ft

Drilling depth 20,000 ft

Variable deck load 7,500 MT

Tubular in piperack 450 MT

1 deck crane 60 T

1 deck crane 40 t

Current location (April 2006) Argentina

Main target drilling markets US Gulf of Mexico, West Africa, Brazil,

Alaska, Canada, Russia (Sakhalin)

Drill Ship Deep Venture


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trigger Bryne Offset

Photo: KFELS, PPL

FSUE Arktikmorneftegazrazvedka

Sinvest ASA 4.2006 1,000


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Sinvest ASA P.O. Box 728 N-4666 Kristiansand Norway

Tel. (47) 38 04 19 40 Fax (47) 38 04 19 41 www.sinvest.no

deep water rig tech spec

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