february 2013 (pages 37-64) - naresh kumarkumarnaresh.com/images/naresh kumar 20130222.pdf ·...

February 2013 DEW JOURNAL 25

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26 DEW JOURNAL February 2013

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The Republic Day of India, January 26,2013, sawthe naming ceremony of India’s Vision Drilling Pte

Limited, a wholly owned subsidiary of Cyprus basedDynamic Offshore Drilling Limited’s first premiumclass, high specification KFELS B Class jack-up rig“Dynamic Vision” at the world renowned Keppel FELSShipyard, Singapore two months ahead of its deliveryschedule. “Dynamic Vision” is the first of the twentyoffshore rigs that Keppel FELS has delivered in 2013,a record number for any yard worldwide maintainingperfect safety standards.

While Singapore has no oil and gas resources, acompany like Keppel FELS, Singapore has made its markin the industry. It is today the world leader in designingand building jackup rigs with a 70% market share.Keppel FELS has established a reputation for developingwinning rig designs well-suited to its customers’ needs.

The KFELS B Class jack-up rig “Dynamic Vision”possessing cutting edge technology has a five yearcharter with Fortune 500 Indian national oil companyOil & Natural Gas Corporation Limited (ONGC) for workin the western part of offshore India. It is capable tooperate in water depths of 350 feet with a drilling depthof 30,000 feet and accommodate 120 men. The rig is

Dynamic Offshore:

India’s Republic Day 2013 saw the launch of hi-tech jack-up rig“Dynamic Vision” of Vision Drilling Pte Limited, a wholly ownedsubsidiary of Dynamic Offshore Drilling Limited. What ispeculiar of this launch is the passion displayed by its promotersthe owner company and the fabrication yard to bring it afloat in arecord time maintaining perfect safety standards rarely seenanywhere around the world. The rig will be deployed on a fiveyear charter by Oil & Natural Gas Corporation Limited (ONGC)in western part of offshore India. A report by DEW Correspondent

even capable of working in HPHT environment. It isfurther equipped with enhanced features to expandthe operational coverage of the rig, particularly in areaswhere soft soil is predominant. The B class versatiledesign further allows rig to be easily upgraded to workin water depths of 400 feet.

The benediction of “Dynamic Vision” which wasdone at the hands of Mr. David See of LutheranSeafarers’ Mission and Indian priests of the LaxmiNarayan Temple, Singapore was subsequentlylaunched by Mrs. Manju Agarwal (wife of Mr. NareshKumar the Chairman of the Board, Dynamic OffshoreDrilling Limited & Group), Lady Sponsor in thepresence of the chief guest of the occasion Mr. Lam YiYoung, Chief Executive, Maritime and Port Authorityof Singapore. Other VIP’s present on the occasion wereMr. Choo Chiau Beng, Chairman of Keppel Offshore &Marine Ltd, Keppel FELS Limited and Keppel ShipyardLimited; Chief Executive Officer of Keppel CorporationLimited; Chairman of Keppel Land Limited and KeppelEnergy Pte Ltd., Mr.Chow Yew Yuen, Chief OperatingOfficer of Keppel Offshore & Marine; Chairman ofKeppel AmFELS Inc; Deputy Chairman of Keppel FELSBrasil SA., Mr. Naresh Kumar the Chairman of the

Board, Dynamic OffshoreDrilling Limited & Group , Mr.Manav Kumar, Director on theBoard, Vision Dril l ing PteLimited, Dynamic OffshoreDrilling Limited and ValueHydrocarbon Pte. Limited. Mr.S. M. (Sam) Malhotra,

Dynamic Offshore Drilling Limited aims to be asignificant player in the high specificationpremium jackup rig segment with strong emphasison ethics, QHSE and operational excellence

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Ambitious Plans

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The jack-up “Dynamic Vision” at the KeppelFELS shipyard, Singapore on the occasionof the naming ceremony on January 26, 2013.


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President, Deepwater Drilling and Services Pvt. Ltd,Mr.V.K.Nagpaul, Project Director and Mr. S.Srinivasan, former Secretary, Government of India,Ministry of Petroleum & Natural Gas and a host ofsenior executives of Keppel FELS and industry leaders.

Having a new generation engines with almost zeroemission standards, Dynamic Vision is equipped with

necessary solids control and solids disposal systemsas per guidelines. Possessed with greater power andmanoeuvrability its higher strength & larger cantileverenvelope (70 feet longitudinal x 15 feet transversemovement), field tow capability with 300 kips set backload). The rig has a large deck space for ease ofoperations and safety with 3 deck cranes with reach to

Having a new generation engines with almost zero emissionstandards, Dynamic Vision is equipped with necessary solids controland solids disposal systems as per guidelines. Possessed with greaterpower and manoeuvrability its higher strength & larger cantileverenvelope, field tow capability with 300 kips set back load. The righas a large deck space for ease of operations and safety with 3 deckcranes with reach to all work areas and enough space for third partyequipment with its leg jetting systems all rated for 1500 psi

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“Dynamic Vision” iscapable to operate in water depthsof 350 feet with a drilling depth of30,000 feet and can accommodate 120 men

The benediction and traditional coconut

smashing ceremony on board

“Dynamic Vision” on the

occasion of its naming

ceremony of the rig

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all work areas and enough space for third partyequipment with its leg jetting systems all rated for 1500psi.

Having an efficient jacking system with enhancedfeatures like central monitoring system, ability to jack-up with full preload in case of probable punch-through,the rig has well-designed and properly designated gasdetection systems. It also has an offline stand buildingand offline cementing capability. The standpipe 7500psi rated, cement manifold 15000 psi rated and choke& kill manifold 15000 psi rated with separate well testinglines from rig floor.

Ergonomically designed living quarters withoutprotrusions for 120 persons with well networkedDrilling SCADA compatible offices and reserved andwired system for VSAT connectivity and exclusiveStaff Training Centre the rig instrumentation systemwill have redundancy to be able to show basic drillingparameters for well safety as a back-up to VDAQsystem.

The K-FELS B Class design is one of the mostsuccessful proven suitable designs for operations inmost parts of the world. KFELS B Class Jack up designprovides maximum uptime with reduced emissions anddischarges. For its environmental-friendly features, theKFELS B Class design was bestowed the PrestigiousEngineering Achievement Award from Institution ofEngineers Singapore in 2009.

Developed by Keppel’s technology arm, OffshoreTechnology Development, the KFELS B Class jackupis designed to provide maximum uptime with reducedemissions and discharges. It incorporates Keppel’sadvanced and fully-automated high capacity rack andpinion elevating system, and Self-Positioning FixationSystem.

Keppel FELS is a subsidiary of Keppel Offshore& Marine Ltd (Keppel O&M), a wholly-ownedcompany of Keppel Corporation Limited. Keppel FELSis a leading designer, builder and repairer of high-performance mobile offshore rigs. Its portfolio ofproprietary designs and floating production solutionsmeets a broad spectrum of operating requirements,including deep waters and harsh environments.

As a group, Keppel O&M is also a leader in shiprepair and conversion, and specialised shipbuilding.Its near market, near customer strategy is bolstered bya global network of 20 yards and offices in the AsiaPacific, Gulf of Mexico, Brazil, the Caspian Sea, MiddleEast and the North Sea regions. Integrating theexperience and expertise of its yards worldwide, thegroup aims to be the provider of choice and partner

A birds eye view of “Dynamic Vision” on its journey from Singaporeto India on heavy lift ship

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for solutions for the offshore and marine industry.It may be worth mentioning here that the sole spirit

behind the launch of Dynamic Vision in a record timehas been Mr. Naresh Kumar the Chairman of the Board,Dynamic Offshore Drilling Limited & Group and Mr.Manav Kumar, Director on the Board, Vision DrillingPte Limited, Dynamic Offshore Drilling Limited andValue Hydrocarbon Pte. Limited. Other who workedtirelessly along with the father-son duo to make theirdreams a reality are Mr. S. M. (Sam) Malhotra, Presidentof Deepwater Drilling and Services Pvt. Ltd andMr.V.K.Nagpaul the man who saw the Dynamic Visionrig project come through in time alongwith a numberof professionals.

Dynamic Offshore Drilling aims to be a significantplayer in the high specification premium jackup rigsegment with strong emphasis on ethics, QHSE andoperational excellence. The company is backed by astrong industrial house and senior management teamwith over 200 man years of combined experience indril l ing operations, project management andengineering excellence. The team has a strong safetytrack record and has contributed to winning manyIADC safety awards. The management of the group iswell established, highly reputed and well recognised

“Dynamic Vision” sailing from Keppel FELS shipyard in Singapore to its location in the western part of offshore India

Mr. Wong Kok Seng, Managing Director (Offshore), Keppel Offshore &Marine and Managing Director, Keppel FELS presenting the Rig Plaque toMr. V.K. Nagpaul and Mr. Manav Kumar in the presence of Mr. NareshKumar and senior officials of Keppel FELS at the Rig naming ceremony

by the industry for quality services deliveredprofessionally, economically, safely and efficiently.

An eminent business leader, a visionary thinkerdedicated to the India’s oil industry for around threedecades Mr. Naresh Kumar’s leadership is wellrecognised in Jindal Drilling and Industries Limited(JDIL) which he groomed for around twenty yearsbefore setting up his Group and company in 2010. Inhis earlier role, JDIL under his leadership was the first

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Indian company to have introduced premium class newgeneration jack-up rigs and directional drilling servicesin India.

Given his thorough knowledge and acumen of theglobal oil industry landscape Mr. Naresh Kumar isassociated with global energy trade associations andis the first and only Asian to be invited as a member ofthe Executive Committee of the global apex industrybody, International Association of Drilling Contractors(IADC) in Houston, Texas, USA, in its 70 years history.He was the first Vice Chairman of the South CentralAsia Chapter of IADC. Within his tenure, he has maderemarkable recommendations that have been acceptedby IADC for the benefit of the global hydrocarbonsector.

Mr. Naresh Kumar was also invited by theGovernment of India to join Hydrocarbon

Lord Buddha has said “The mind iseverything. What you think you become.” Inyour business you have proved this. Yourunusual transition from the previous companyyou so successfully built for over two decadesis known to the industry. Starting from scratchonce again, how did you replicate the workyou earlier did in 20 year in just 2 years bysetting up your Group and its companies andfloating the first K FELS B Class jack up rig

the “Dynamic Vision”?Change always comes withchallenges. The wholetransformation never was soeasy due to gloomy globaleconomy & industrial downturnin most part of the world in 2010.

We are fortunate enough tostart with a team which broughtmore than 200 man years ofexperience with it. Our strongbase and deep routed insight inthe Indian Oil and Gas sectorgave us competitive edge overothers. Our whole team isknown as professionals who

“We aim to acquire

“The Rig isequipped with

15,000 psi BOPto handle HPHTdrilling and has

hydraulic power fordrilling long-driftside-track, drain

hole andmultilateral hole

drilling”

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Face to Face

A view of the “Dynamic Vision” rig


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strongly value relationships and believed in buildingand maintaining long-lasting relationship with ourAssociates & Client’s. This fact helped us in retainingconfidence of industry and clients instantaneously.

In early 2011 we placed the order for newgeneration Jack Up rig Dynamic Vision at world’sleading Keppel Fels Shipyard, Singapore with aninvestment of over USD 205 Million.

It finally was hard work, dedication and zeal of thewhole team who stood up to challenges and came outwith distinction. In a way, the year 2013 marks the firstculmination of a transformation journey we embarkedupon two years ago, when first of our Dynamic seriesrig got delivered.

Deepwater Drilling & Services Pvt. Ltd, (DDSPL)also took one step at a time and started with one rig“Noble Kenneth Delany” in collaboration with NobleCorporation. Withina very short span oftime they baggedtwo more contractsincluding ourrecently deliverednew generation rig“Dynamic Vision”

in Keppel Fels Singapore and also made their forayinto midwater floater segment with 1000 ft floater“Noble Duchess”. This is one of the longest stride byany Indian offshore drilling company in oil and gassegment. Further DDSPL is evaluating few moreprojects, if successful they can have considerablemarket share of Indian drilling industry.For which project is “Dynamic Vision” goingto be deployed first?There couldn’t be a better utilisation of our rig than itserves in the interest of our nation. The rig is comingdirectly from shipyard to start its five year firm charterwith fortune 500 India’s national oil company, Oil &Natural Gas Corporation Ltd, (ONGC) in the westernoffshore. ONGC has been our valued partner sinceinception and we are proud of our association.What cutting edge technologies is Dynamic

significant jack up market share in India”

Standing on a strong footing with a teamwhich has more than 200 man years ofexperience in the oil industry, Mr. NareshKumar, Chairman, Dynamic OffshoreDrilling Limited and Group companies ishopeful of acquiring a significant jack upmarket share in India seeing the presentgrowing jack up rig utilization by theindustry. Speaking to DEW Journal at thenaming ceremony of the company’s hightech “Dynamic Vision” jack up rig onJanuary 26, 2013 (Republic Day of India)in Singapore, Mr. Naresh Kumar disclosed,“The market outlook gives enoughincentive for us to invest and create moreassets. Our group is very well poised toservice demand of rigs in India”

Mr. Naresh Kumar, Chairman, Dynamic Offshore Drilling Limited and Group companies

“We are fortunate enough to start with a team whichbrought more than 200 man years of experience with it.

Our strong base and deep routed insight in the Indian Oiland Gas sector gave us competitive edge over others”

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Restructuring Group Vision 2010 (popularlyknown as the ‘R’ Group) constituted by theMinistry of Petroleum & Natural Gas,Government of India, under the chairmanshipof Dr. Vijay Kelkar, then Secretary, Petroleumand Natural Gas. Mr. Naresh Kumar madesignificant policy recommendations whichwere adopted unanimously by the group andlater implemented in the best interest of thenation. He was also was invited by theGovernment of India to be a part of the Nodal Agencyfor Oil and Gas (NAFOG), which works to developmanpower for the industry. He is also the Chairman ofConfederation of Indian Industries (CII)-Oil and GasService Division and is on National HydrocarbonCommittee of Federation of Indian Chambers ofCommerce and Industries (FICCI). Mr. Kumar has alsobeen elected as Member American Bureau of Shippingfor five years which is leading internationalclassification society devoted to promoting thesecurity of life, property and the marine environmentthrough the development and verification of standardsfor the design, construction and operationalmaintenance of marine-related facilities.

Welcoming the guests at the naming ceremony ofDynamic Vision, Mr. Naresh Kumar emphasised, India’sgrowing energy demand is driving the country toactively increase its offshore oil and gas production.The proven KFELS B class jackup rig coupled withour experience in offshore drilling, places VisionDrilling in a strong position to meet the growingdemand of rigs in India.

“In growing our fleet of high specification jackuprigs, we look to continue to, work with reliableshipyards and Keppel FELS has again lived up to itsreputation as the world leader in rig building with thisearly delivery.” For the early completion of the rig,Keppel FELS will receive a bonus of about US$1 million.

Built and optimised to meet the unique

Vision equipped with?Dynamic Vision is the new generation proprietary KFELS B Class design of world renowned Keppel FelsShipyard. Known as Industry workhorse, this designis one of the most sought after design worldwide andwas bestowed the Prestigious EngineeringAchievement Award from Institution of EngineersSingapore in 2009. The Design incorporates Keppel’sadvanced and fully-automated high capacity rack andpinion elevating system, and Self-Positioning FixationSystem.

The rig Dynamic Vision is designed to operate inwater depths of 350 ft, drilling depth of 30,000feet andare readily upgradeable to higher performancecapabilities. Accommodation of 120 pax is maximum inrigs available in India.

The Rig is designed to provide maximum uptimewith reduced emissions and discharges whileproviding highly efficient drilling solutions. This zerodischarge rig is equipped with latest pollution controlfor oily water & engines meet latest environmentcompliances. On safety side beside normal equipmentour Rescue boat can be lowered instantaneously byautomatic launching system reducing response timefor rescue operations.

Spud cans of the rig have been modified forachieving the required penetration of Indian soft soilsso that released locations can be drilled. With specially

“Built and optimised to meet the uniqueenvironment requirements of India,

Dynamic Vision’s fully-automated highcapacity rack and pinion elevating systemand self-positioning fixation system have

been incorporated into the rig”

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Mr. Naresh Kumar


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modified spud can havingjett ing nozzles & Highpressure & volume Jettingsystem, to extract Legs fromdeep penetrations in soil upto 120’. Rig is equippedwith High Energygeneration capacity &Hydraulic power for drillinglong-drift side-track, drain hole and multilateralhole drilling, re-entry in the well with just a control ofjoystick. Rig further is equipped with 15,000 psi BlowOut Preventer (BOP) to handle High Pressure &Temperature Drilling.India has a big demand for offshore jack-uprigs; do we see the series of Dynamic rigsexpanding in the coming time?Indian Oil & Gas sector is one of the bright spot forJack up rig utilization along with Gulf of Mexico, MiddleEast and South East Asia. ONGC alone currently hasaround 27 shallow water rigs chartered including 7 oftheir own. ONGC is trying to raise the production level,the demand for the Jack UpRig is to increase incoming time. In addition toONGC, British Gas, GSPCand Cairn Energy areregular to deploy Jack Uprig for their fields. Alsomany other operators likeAdani, Oil and HOEC docome with short termrequirements forcompleting their workprogram. Increasing workamong Indian operatorsreflects the bright outlookof Jack Up rigs in India.

Our group is very wellpoised to service demandof rigs in India. The marketoutlook gives enoughincentive for us to investand create more assets.We certainly are looking toexpand our rig fleet and aimto acquire significantmarket share of Jack Upmarket in India soon. Andas mentioned earlier, our

new rigs would follow the Dynamic seriesnomenclature. Further we are working on somestandard Jack Up rig opportunities with our partnersto cater the demand of Indian operators.Deepwater Drilling and Services P. Ltd. hasbeen awarded the Quality ManagementSystem standard certification - ISO 9001:2008- by DNV Business Assurance India. For whatis this certification recognising your company?One of the foundation stone and guiding principle forDDSPL is to provide quality services with completecustomer satisfaction. That’s why as soon as theystarted operations their first attempt was to ensure

“Our company’s long term growth prospect foremployees and making them a stakeholder in our

growth, serves us well to stop attrition, which is amajor problem with most of the drilling contractors”

Mr. Naresh Kumar and Mr. Manav Kumar with experts of the group companies and Dynamic Vision rig crew

“Our group is very well poised to service demandof rigs in India. The market outlook gives enoughincentive for us to invest and create more assets.

We plan to expand our rig fleet and aim to acquiresignificant market share of jack up market in India”

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environment requirements ofIndia, Dynamic Vision iscapable of operating in waterdepths of 350 feet anddrilling down to 30,000 feet.Keppel’s advanced and fully-automated high capacityrack and pinion elevatingsystem and self-positioningfixation system have beenincorporated into the design.

Mr. Lam Yi Young, ChiefExecutive of the Maritimeand Port Authority ofSingapore, speaking as theChief Guest at the namingceremony said, “Theoffshore and marine industryis a key part of Singapore’seconomy and we are proudthat Keppel, a home-growncompany, has establisheditself as a global leader in thedesign, construction andrepair of mobile offshore rigs.The successful delivery ofDynamic Vision is testamentto Keppel’s provencapabilities and the strongindustry partnerships it hasbuilt up.”

He further added, as theworld economy grows, sowill the need for energy. Thismeans that more rigs will be

Mr. Lam Yi Young, Chief Executive,Maritime and Port Authority, Singapore

“As the worldeconomy

grows, so willthe need forenergy. Thismeans that

more rigs willbe needed toexplore and

produce fossilfuel. Singapore

offshore andmarine

companies,with their

strongcapabilities

built up overthe years,

backed by thecountry’s goodinfrastructure

as aninternational

maritimecentre, are well

placed toremain

competitiveand meet theneeds of the

market”Mr. Lam Yi Young

standard quality management systems areimplemented across the organization.

For continuous improvement in systems andprocesses, DDSPL trusted internationally recognized,ISO 9001:2008 Quality Management System fromInternational Organization from Standardization (ISO)to demonstrate commitment to quality and customersatisfaction along with the best auditors - DNV, whichhas worked internationally since 1867 and hasestablished approximately 300 offices in 100 countries.

Within a year ’s time they were awarded thecertification for Quality Management systems in placefrom DNV. The basic principle for ISO 9001:2008management system are based on Customer focus,people engagement, system approach, HSE andcontinuous improvement, which they continuouslystrive to implement and maintain at all level.Your company can boast of having some ofthe best names and brains of the oil industrythat have remained undeterred with youduring the course of time in your mission forcreating a world class company. Would youlike to comment on this?Experienced and hard working minds are pre requisitefor any successful organization. We have been luckyto have some of the best names in the industry today

“We are looking to add morestandard rigs in our fleet

through JV/collaboration”

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who came to take new challenges.I believe the whole team shares the

common vision & values and works ascohesive team to achieve excellence andgrowth. For us every team member inorganization is recognized as part of familyand delivers his best.How do you upsurge the new company’smomentum for growth by induction of skilledpersonnel?People are the core of our operations. In our industrythere already is a scarcity of experienced & skilledmanpower. As we are growing rapidly in size, manpowerremains one of the key priorities for us to sustain ouroperations.

We work at multiple levels to hire skil ledmanpower. Succession planning through personalmentorship and training, job rotation and on the jobtraining is some of the proactive steps taken at ourend to continuously enhance and empower ourmanpower.

Our company’s long term growth prospect foremployees and making them a stakeholder in ourgrowth, serves us well to stop attrition, which is amajor problem with most of the drilling contractors.What is your company and Group’s expansionplans over the years?

Rajeev Mandrekar, Project Lead Auditor (left)presenting the ISO 9001:2008 certificate toS. M. Malhotra, President of DeepwaterDrilling and Services

“Committed to provide quality andfocussed offshore drilling services,Deepwater Drilling and Services, isa young ambitious company with avision to be a leader in providingworld class cost effective servicesto i ts clients," says RajeevMandrekar, Project Lead Auditor,DNV Business Assurance India,

DNV certification for DDSPL

“And it’s a pleasure to beassociated with a company withsuch strong quality andenvironment commitment.”

At the recent certificatehanding ceremony organised by thecustomer, Rajeev Mandrekarpresented the ISO 9001:2008certificate to S. M. (Sam) Malhotra,

President of Deepwater Drillingand Services Pvt. Ltd. Thecertificate is valid for scopecovering operation andmanagement of offshore drillingrigs. Rajeev congratulated thecustomer for success achievedwith the certification and wishedthe team growth and prosperitylooking forward.

Indian offshore oil and gas drilling company, DeepwaterDrilling and Services Private Limited (DDSPL), has beenawarded the Quality Management System standard certification- ISO 9001:2008 - by DNV Business Assurance India

“DDSPL is evaluating few more projects,if successful they can have considerablemarket share of Indian drilling industry”

With first rig Dynamic Vision delivery from Keppel FelsShipyard, our next aim is to increase the fleet size ofnew generation rig depending upon the opportunitiesavailable in India. Also we are looking to add morestandard rigs in our fleet through joint venture/collaboration. Once we will strengthen our position inIndian market, South East Asia and Middle East arethe other two markets where we are evaluatingopportunities with various Operators.

Indian midwater and deepwater drilling segmentis gaining momentum with new discoveries; we areaiming to enter into the Deepwater and ultra deepwaterdrilling segment.

Apart from this we are looking to add allied offshoreoil field services into our portfolio through jointventure or collaboration for organic and inorganicgrowth.

Also as part of our integration strategy for rigbusiness, we are looking to take more projects for RigConstruction, supervision and management on behalfof rig owners.

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needed to explore and produce fossil fuel. Singaporeoffshore and marine companies, with their strongcapabilities built up over the years, backed by thecountry’s good infrastructure as an internationalmaritime centre, are well placed to remain competitiveand meet the needs of the market.

Earlier Mr. Wong Kok Seng, Managing Director(Offshore), Keppel Offshore & Marine and ManagingDirector, Keppel FELS added, “We are pleased to beable to deliver our first rig of 2013 two months aheadof schedule. It augurs well for the rest of the 19 rigsthat we expect to deliver this year. For the month of

Mr. Naresh Kumar alongwith key executives of his company and Senior Management of Keppel FELS

January alone, we are deliveringthree rigs. Our ability to deliverthese rigs on time or ahead of timeand safely is due to two factors;the cont inuous process andproduct ivi ty improvements wehave implemented in the yard; andthe fact that the majority of the rigsbeing built are to our proprietarydesigns.

“In addition, we also have avery good partnership with VisionDrilling, having worked with theirmanagement team previously. Overthe years, Kepplel FELS has beengrowing interest from Indianoffshore and marine companies.Since 2003, they have ordered a totalof ten jackup rigs, all of which are ofthe KFELS B Class design. We lookforward to enhancing our relationshipwith them and continuing to serviceIndia’s oil and gas market.”

Mr Seng added, “With some20 rigs to deliver in 2013, we are

working hard to maintain our high standards ofdelivering on time, within budget and without incidents.Of the rigs to be delivered this year, 15 are built to ourKFELS B Class family of designs, four to our Super AClass design and one to our proprietary semi-submersible drilling tender design.

“We are pleased with the industry’s acceptanceof our rig designs which enables us to replicate ourbuilding process while still providing value-added andcustomised solutions.”

A rig tour was also organised for the industryexperts and guests on the occasion.

“We have a very good partnership with VisionDrilling. We look forward to enhancing our

relationship with them and continuing toservice India’s oil and gas market”

Mr. Chow Yew Yuen, Chief Operating Officer, Keppel Offshore & Marine

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