KFELS Super B Class Bigfoot 400-449ft IC Jackup Rig Info/Jobs.
PTT Exploration and Production Public Company Limited (PTTEP) is a Thai state-owned SET-listed oil and gas company. It owns extensive submarine gas pipelines in the Gulf of Thailand, a network of LPG terminals throughout the kingdom. The company was founded on 20 June 1985.
Rig Name: Saga
Owner: Borr Drilling
Manager: Borr Drilling
Rig Type: Jackup
Sub Type: Independent Leg Cantilever
Jackup Type: High-Specification
Max Water Depth (ft): 400
Max Drill Depth (ft): 35,000
Dimensions (ft): 246 x 226 x 27
Leg Length (ft): 517
Competitive:Yes
Current Location:
Country: Malaysia
Region: South East Asia
Rig Construction Details:
Rig Design: Keppel FELS
Rig Model: Super B Class
Year Built: 2018
Country of Build: Singapore
Yard Name: Pioneer Yard I
Group Yard Name: Keppel Offshore & Marine Ltd.
Rig Contract Details:
Operating Status: Operational
Operator: PTT Exploration & Production (PTTEP)
Borr Drilling on August 3, 2020, said that it entered into a contract and letters of intent for the three rigs, adding $21 million to the
total backlog. The company added that it had “good prospects for additional backlog on these units“. Offshore drilling rig owner Borr Drilling has won deals for three of its warm-stacked jack-up drilling rigs. The company claims increased activity levels.
According to its rig status update of August 3rd 2020, the offshore drilling company, Borr Drilling has signed a contract (from Letter of Award) for its jack-up rig Saga for a project in offshore Malaysia by PTT Exploration and Production Public Company Limited (PTTEP). The contract is for one year period that would start in September-2020 and run until September-2021. The contract has option to extend. The estimated day rate for the rig is US $ 95 000. The Saga, has worked with Eni in Vietnam until July, 2020.
On May 20, 2020, Borr Drilling releases fleet
status report and trading update. Borr Drilling's trading update said, in April 2020, the jack-up rig Saga was awarded a contract in Malaysia for a period of one year (365 days) which is expected to commence in Q3 2020. The contracts were awarded after the oil price collapse, and total backlog for the rigs is expected to be $57 million including mobilisation.
Currently, the jack-up rig Saga is operating in Vietnam under a contract of ENI, until July 2020. The jackup Saga started its contract with ENI offshore Vietnam in February 2020. After that rig would move to Malaysia for a new contract of PTTEP starting from (mid) August 2020 and run until (mid) August 2021. Estimated dayrate of rig is US D 95 000.
On November 26, 2019, in addition to contracts reported in the previous fleet status report, Borr announced that newbuild jack-up Saga has entered into an LOI (letter of intent) for a drilling campaign in Vietnam which is set to begin in January 2020 and take 100 days. The company stated that it had good visibility on additional work for the unit, so it decided to activate the rig. Borr also added that it was in advanced discussions to contract more of its newbuilds. While it is highly unlikely that Borr will be able to find jobs for the five warm staked rigs this year, the company had good contracting success with its newbuilds this year, and I believe that it's a proof of concept for the company's strategy.
The KFELS Super B Class rigs are designed to operate in 400 feet water depth and drill to 35,000 feet. With a two million pound drilling system and a maximum combined cantilever load of 3,700 kips, the KFELS Super B Class is equipped with tremendous horsepower during drilling operations.
The Borr Drilling jack-up rig Saga's contract in Vietnam would start from Jan 31st, 2020 and run until May 05, 2020 for two wells for a duration of 100 days by undisclosed operator. Estimated dayrate is US $ 90 000. Contract has plus one-well option. Currently, the rig is warm stacked in Singapore. The rig is next available from 03.12.2019 available until 30.01.2020.
On November 26, 2019 (Hamilton, Bermuda): Borr Drilling Limited (“Borr”, “Borr Drilling” or the “Company”) announces unaudited results for the three and nine months ending September 30, 2019.
The Chairman of the Board, Paal Kibsgaard, commented: “The jack-up market tightened further in the third quarter, with strong tendering activity, improving dayrates and a strengthening market outlook for 2020. We continued to execute well throughout our rig operations, as well as on our rig activation program. Over the past two years, we have brought 16 rigs into operation, with an additional three rigs presently committed to commence work. With a further 12 modern rigs left to be contracted, of which 7 are still to be delivered, we are in a strong market position, both in terms of capacity and the age profile of our fleet.
The third quarter financial results were in line with our expectations and continued to be impacted by significant rig activation capex. Still, we are pleased to report that operating cash-flow now covers the full SG&A, stacking cost and the servicing of our debt. We have approached our lending banks, seeking an adjustment of the book equity and liquidity covenants, and also the yard, to potentially delay delivery schedules for some of the remaining rigs. We are optimistic that agreements will be reached in the near future. This will further strengthen the company’s liquidity and provide considerable financial flexibility for further rig activations. Based on the current dayrates of around $100k/day, and operating expenses of around $50k/day, we aim to generate around $500 million per year in gross cashflow before interest when all of our rigs are employed. This clearly shows the cashflow potential for Borr in the coming years, which the Company is fully focused on realising.”
Highlights in the third quarter 2019
• Total operating revenues of $102.7 million, net loss of $79.2 million and Adjusted EBITDA of $13.8 million for the third quarter of 2019 vs $1.5 million in the second quarter of 2019
• Technical utilisation for the operating rigs was 99.1% in the third quarter and 99.0% for the first nine months of 2019
• Economical utilisation for the operating rigs was 95.2% in the third quarter and 95.3% for the first nine months of 2019
• Company completed an initial public offering on the New York Stock Exchange under the ticker BORR, issuing 5,750,000 shares at a price of $9.30 per share
• Commenced two 18-month contracts for two premium newbuild jack-up rigs with Pemex in Mexico in August 2019, under an integrated services model, bringing the total number of rigs in operation to 16
Subsequent events:
• Since the previous quarterly results release in August 2019, the Company has been awarded contracts, LOAs and extensions for 6 rigs with a combined revenue backlog of approximately $169 million. Total additional backlog added year to date of approximately $465 million
• In October, the company took delivery of the new build jack-up rig “Hermod” from the Keppel FELS shipyard in Singapore
• In November 2019, the Company sold marketable securities, resulting an estimated total realised loss of $16.4 million, and improving the liquidity position by $20.2 million
On May 2, 2019, Borr Drilling has received cancellations of two letters of intent for a pair of jack-up rigs, which are currently warm-stacked in Singapore.
Back in March 2019 Borr Drilling said it was in advanced negotiations with undisclosed operators for multi-year contracts for four newbuild rigs Grid, Gersemi, Saga, and Skald, all warm-stacked in Singapore. April and Borr was awarded new contracts with Pemex in Mexico for both the Grid and Gersemi jack-up rigs. The duration of the contracts is from June 2019 to December 2020.
Negotiations for the other two rigs; Saga and Skald; continued. It was expected that the multi-year contracts for both of the rigs would start in the first quarter of 2020. However, in its latest fleet status report issued on May 2 Borr said that the letters of intent for the Saga and Skald rigs were cancelled. This means that both of the rigs will remain stacked in Singapore.
Both rigs are of a KFELS Super B Bigfoot Class design built by Keppel. The Saga rig was the first of five jack-up rigs that Keppel built for Borr Drilling and Skald was the second of five. They were delivered in January and June 2018, respectively.
On January 05, 2018 Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine, has delivered the 400 ft jackup rig, SAGA, to Borr Drilling safely, on time and on budget. Built to Keppel's proprietary KFELS Super B Class design, SAGA is the first of five jackup rigs that Keppel is building for Borr Drilling.
Mr Chris Ong, CEO of Keppel O&M, said, " We are pleased to deliver the first rig to our new customer Borr Drilling. This will be the 12th KFELS Super B Class rig and the 66th rig of the KFELS B Class family to enter the market. Keppel O&M continually engages our customers to develop win-win solutions. As the drilling market recovers, the quality and capabilities of our KFELS B Class designs would be important differentiators for rig owners seeking efficient and reliable operations. Our rigs have set the industry benchmark and we are confident that this rig will be just as successful when deployed."
The CEO of Borr Drilling, Mr Simon Johnson, added, "Jackup utilisation is improving as we recover from the bottom of the business cycle. The market preferentially rewards contractors who invest in the latest designs from the best shipyards. Our partnership with Keppel FELS allows us to provide rigs with leading edge specifications ready to deliver the highest operational performance to our customer base. We are looking to be paid for the performance that we deliver and our relationship with Keppel FELS is one of several crucial partnerships we are fostering that are focused on improving industry outcomes. Our KPI's are focused on accelerating time to first oil."
Borr Drilling is an international drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry worldwide in water depths up to approximately 400 feet. With a low cost base, a strong and experienced organisational culture, combined with a unique capital structure, Borr Drilling is built to make a difference.
Borr Drilling has 13 high specification units on order in Singapore from Keppel FELS and PPL Shipyard (4 and 8 respectively) with delivery dates ranging from Q1 2018 to Q4 2020. The company was expecting 8 jackups to be delivered in 2018.
High Specification Jackup:
General Description:
Rig Name: Saga;
Design / Generation: Keppel FELS Super B Bigfoot Class
Constructing Shipyard: Keppel FELS
Year Entered Service / Significant Upgrades: 2017
Classification: ABS, A1 Self-elevating Drilling Unit, CDS
Flag: Vanuatu
Overall Dimensions: 246ft. long x 226ft. wide x 27ft. deep
Legs: 3 x 517ft. long, triangular truss
Drafts: 19ft load line draft
Accommodation: 150 persons
Displacement: 43,900kips at load line
Variable Deck: 9,700kips elevated / 5,500 kips field transit
Operating Water Depth: 400ft
Maximum Drilling Depth: 35,000ft
Drilling Equipment:
Derrick: Single NOV SSBN 1000, 170ft. high with 40ft. x 40ft. base.
Hookload Capacity: 2,000,000 lbs. static hook load capacity.
Cantilever: 5ft. reach, aft of transom, 5ft.port /15ft. stbd.of Centerline.
Drawworks: NOV SSGD 1000, 4 x AC motors 1,500 hp each,
1.75" drilling line.
Rotary Table: NOV 49-1/2" RST495-3G hydraulic and rated at 1,000st.
Top Drive: NOV TDX-1000 modular, 1000st hoisting capacity, with
dual AC motors, rated to 91,000ft-lbs. continuous
drilling torque.
Tubular Handling: HRIII Hydraracker, tubular range 3-1/2" to 14” Catwalk machine,14,000 lbs SWL capable of handling up to 30” casing.
Mud Pumps: 3 x NOV 14-P-220 rated to 2,200hp triplex pumps, each driven
by 2 x Baylor AC traction motors.
HP Mud System: Rated for 7,500 psi.
Solids Control: 4 x VSM shale shakers.
Power & Machinery:
Main Power: 5 x Caterpillar C175 diesel engines rated at 1,930 kW,
each driving 1 x AC generator (each 1,833 kW (2,291kVA),
3-phase, 60Hz)
Emergency Power: 1 x Caterpillar 3516B diesel engine rated 1889 kW, driving
1 x AC generator(1800kW(2,250kVA),480V,3-phase,60Hz).
Power Distribution: NOV/ABB VFD system.
Storage Capacities:
Fuel Oil: 5,553 bbls
Liquid Mud: 4,200 bbls
Base Oil: 2,015 bbls
Brine: 2,180 bbls
Drill Water: 7,100 bbls
Potable Water: 3,200 bbls
Bulk Material: (mud + cement) 16,000 cu.ft
Sack Storage: 5,000 sacks
BOP & Well Control Equipment:
BOP Rams: 2 X NOV - Shaffer NXT 18 3/4" 15,000 psi flanged
Double “U” type preventers.
BOP Annulars: 1 x NOV Shaffer 18 3/4" 10,000 psi annular preventer.
BOP Handling: 4 x J.D.Neuhaus BOP handling hoists,each rated to 65st.
Diverter Drill Quip diverter 49-1/2" rated at 500psi with 16" flow
line.;
Mooring Equipment:
Mooring Winches: 4 x BROHL electric with a capacity of 2,500ft of 1-3/4"
wire rope. 30st pull capacity and 600 kN brake holding
capacity (first layer).
Anchor Lines: 4 x 1-3/4" IWRC 6 x 36 galvanized wire rope.
Anchors: 4 x Delta Flipper anchors rated at 5MT.
Cranes:
Deck Cranes: 3 x Seatrax S7224 cranes rated at 76st at a radius of 40ft with 130ft booms. Located port forward, port aft
and starboard forward.
Special Features & Other Information:
Helideck: Rated for Sikorsky S-92 and MI -17 helicopters
Work Offline (WO): Ability to make-up and break-out drill pipe and casing
offline. Casing racking capacity in derrick; 3,780ft of
13-3/8", 4,860ft of 9-5/8" or 5,940ft of 7".
Cellar Deck Crane: 2 x FORUM Multi-Purpose Cranes rated 7.5st with
30ft boom.
Conductor Tens: 30" system rated to 600 kips & under drillfloor system 300 kips vertical hydraulic tensioning cylinders.
RPD System: Yes
Jacking: 6 pinions per chord, 3 x chords per leg,1,000 kips per pinion normal operation,1,300 kips per pinion for full preload jacking.
Field Transit: Capable of rig move with 660 kips of setback in the derrick Capable of rig move (infield transit) with 2,000 bbls of mud in mud pits.
These specifications are intended for general reference purposes only, as actual equipment and specifications may vary based upon subsequent changes, the contract situation and customer needs.
Borr Drilling Fleet Status Updated-1st November 2019
Rig Name: Saga;
Rig Design: KFELS Super B Bigfoot Class
Rig Water Depth (ft): 400 ft
Year Built: 2018
Customer/Status: Available
Contract Start: ----
Contract End: ----
Location: Singapore
Comments: Warm Stacked
Rig Status Update - Borr Drilling Fleet Status Report 20th May 2020
Rig Name: Saga
Rig Design: KFELS Super B Bigfoot Class
Rig Water Depth (ft): 400 ft
Year Built: 2018
1) Customer/Status: Eni
Contract Start: February - 2020
Contract End: June - 2020
Location: Vietnam
Comments: Operating
2) Customer/Status: PTTEP
Contract Start: August - 2020
Contract End: August - 2021
Location: Malaysia
Comments: LOA
Rig Status Updated-Borr Drilling FSR - 03rd August 2020
Rig Name: Saga
Rig Design: KFELS Super B Bigfoot Class
Rig Water Depth (ft): 400 ft
Year Built: 2018
1) Customer/Status: Eni
Contract Start: February-2020
Contract End: July-2020
Location: Vietnam
Comments: Operating
2) Customer/Status: PTTEP
Contract Start: September-2020
Contract End: September-2021
Location: Malaysia
Comments: Committed with option to extend.
Vessel Name: Saga
Owner: Borr Drilling
Rig manager: Borr Drilling
Type: Jackup Rig
Design category: Jackup 400-449ft IC
Full design name: KFELS Super B Class Bigfoot
IMO: 9719006
Class: ABS
Constructed at: Keppel FELS
Year in SVC: 2018
Latest upgrade: ----
Competitive: Yes
SPS due date: ----
Contract status:
Status: Drilling
Operator: PTTEP
Country: Malaysia
Region: Southeast Asia
Day rate: 95 000
Next available: 20.09.2021
Available until: ----
Backlog: ----
Value: Value ($m): ----
1) Contract detail:
Country: Malaysia
Day rate: 95 000
Start date: 19.09.2020
End date: 19.09.2021
Operator: PTTEP
Location: ----
Number of wells: ----
Variable rate: No
Water depth: ----
Work type: None type
Duration (days): 365
Comment: Estimated dayrate. Committed with option to extend.
2) Contract detail:
Country: Vietnam
Day rate: 90 000
Start date: 08.02.2020
End date: 18.07.2020
Operator: ENI
Location: ----
Number of wells: 2
Variable rate: No
Water depth: ----
Work type: None type
Duration (days): ----
Comment: Estimated dayrate. Plus one-well option.
Fixture date: 26.11.2019
Name: Saga
Type: Jackup
Rig manager: Borr Drilling
Operator: Undisclosed
Country: Vietnam
Day rate: 90 000
Duration (days): 100
Start date: 31.01.2020
End date: 10.05.2020
Comment: Estimated dayrate. Plus one-well option.
Fixture date: 03.08.2020
Name: Saga
Type: Jackup
Rig manager: Borr Drilling
Operator: PTTEP
Country: Malaysia
Day rate: 95 000
Duration (days): 365
Start date: 19.09.2020
End date: 19.09.2021
Comment: Estimated dayrate. Committed with option to extend.
Vessel Name: SAGA
IMO: 9719006
Vessel Type - Drilling Jack Up
MMSI: ----
Call Sign: ----
Flag: ----
Gross Tonnage: 10348
Summer DWT: 3162 t
Length Overall x Breadth Extreme: 98.8 x 73.5 m
Year Built: 2018
Home Port: PORT VILA
Status: Active
Voyage Information: ----
Position:
Position Received: ----
Vessel is Out-of-Range
Area:
---- Current Port:
Latitude / Longitude:
Status: Stopped
Speed/Course: - / -
AIS Source: Terrestrial AIS
It is a Drilling Jack Up. Itfs carrying capacity is 3162 t DWT and her current draught is reported to be null meters. Her length overall (LOA) is 98.8 meters and her width is 73.5 meters.
EX Names History: ----
