Keppel and Seafox studying jack-up capable of well intervention and plug and abandonmentVessel & ROV News // April 29, 2014
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has signed an engineering services agreement with Workfox BV, a subsidiary of the Seafox Group (Seafox), for an engineering study of a purpose-built accommodation jack-up with well intervention and plug and abandonment (P&A) features.
The project, Seafox 8, is being developed to address what the companies see as a gap in the current P&A market.
"Subsea fields are reaching the end of their productive lives in areas such as the North Sea and the Gulf of Mexico. With increasing environmental concerns and regulations, there are a substantial number of wells in both these regions that will need to be properly sealed up in the next few years," said the yard.
Seafox 8 will be able to offer P&A services, well intervention services, as well as accommodation and crane support services. It will have a spacious deck and comprehensive amenities for the comfort of 282 people. The jackup can also be configured for other offshore support services.
Compared to existing jackups chartered for P&A work, Seafox 8 is expected to be 25-30 more economical in terms of day rates, said Keppel. "It will be the first accommodation and service jackup unit that is specifically suited to support rigless activities for P&A and well services at a competitive cost."
Keppel O&M is also in discussion with Seafox to enter into a joint venture to place an order for Seafox 8 on completion of the study, which is expected in the second half of 2014.
Keesjan Cordia, CEO of Seafox, said, "With our background in providing accommodation support, workover, construction, and decommissioning services to the offshore oil & gas industry, we noticed the strong demand for P&A services and identified a need for a specialised rig in this market.
"We believe Seafox 8 offers the ideal solution as it can work all year round including during the North Sea's winter period and undertake multiple services at a time.
"It is a real workhorse and unlike drilling rigs which are often used to do P&A currently, Seafox 8 has the crane capacity to assist with maintenance and well services activities. It has NORSOK-specified accommodation for crew and client personnel, and a lower operating cost than existing, single-purpose equipment."