Chiles offshore to acquire new jack-up rig

Vessel & ROV News - June 5, 2000

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Chiles Offshore has ordered a new cantilevered jack-up drilling rig from Keppel FELS in Singapore.To be based on the Singapore company's KFELS MOD V 'B' design, a rig designed for operation in harsh environments, the new rig will have a leg length of 475-545ft.Chiles says the rig will cost around $110.0 million, including equipment furnished by the owner.According to Mr C B Choo, Chairman and Managing Director of Keppel, the order marks the launch of a new rig design intended to ultimately replace the generation of jack-ups built in the 1970s.The MOD V platform, jacking systems and their configuration incorporate modern engineering concepts that will improve productivity, enhance safety, and provide added independence from supply lines and environmental conditions, said Choo.William Chiles, Chief Executive Officer and President of Chiles, said the company's goal was to augment its position in the deep-water jack-up market. He said he believed that in the next 3-5 years the demand for high productivity jack-ups would increase.Chiles says the new rig will embrace digital technology and state-of-the-art information and communication systems.Chiles recently took delivery of two deep-water jack-up rigs, the Chiles Columbus and the Chiles Magellan, which were built at AMFELS in Brownsville, Texas, a wholly owned subsidiary of Keppel.

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