Some Known Facts About Where oil rigs go to die - The Guardian.

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The 10-Second Trick For Jack Up Rig For Sale 3000hp!!! - Investment - Nairaland

<h1 style="clear:both" id="content-section-0">Some Known Facts About Where oil rigs go to die - The Guardian.<br></h1>
<p class="p__0">Keppel O&amp;M had gotten 20% down payment of the original agreement worth for Cantarell III when the contract was checked in 2013. Cantarell III will be leased back to Grupo R on a bareboat charter at competitive day rates over 10 years, and will be deployed to work in overseas Mexico on a charter which will commence in 1Q 2020.</p>
<p class="p__1">Under the bareboat charter, Grupo R can acquire the rig at pre-agreed rates during the regard to the bareboat charter. After the 5th year, Keppel O&amp;M may, at its discretion, put the rig to Grupo R at a pre-agreed cost. Mr Tan Leong Peng, Executive Director (New Develops) of Keppel O&amp;M stated, "We are happy to participate in a mutually useful arrangement which will enable Grupo R to deploy another high-performance rig for its operations in Mexico.</p>
<p class="p__2">As Mexico looks for to increase oil production, need for jackup rigs has been rising. "Our very first sale and leaseback arrangement with Grupo R on the Cantarell IV has worked well. Try This , which was warm stacked in our backyard from 2016 to the start of 2019, had the ability to go straight to the field upon shipment and accomplish 99% uptime in its operations.</p>
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<p class="p__3">We anticipate Cantarell III to likewise serve Grupo R well upon release in Mexico." The KFELS B Class style is the market benchmark for jackup rigs. It has shown its effectiveness and performance in lots of fields around the globe, and more than 10 KFELS B Class units have actually been delivered to Mexico.</p>
<h1 style="clear:both" id="content-section-1">Getting My HVAC&amp;R for Jackup Rigs - Heinen &amp; Hopman To Work<br></h1>
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<p class="p__4">Cantarell III is geared up with Keppel's proprietary Rig, Care Option - a suite of digital services to support the rig's lifecycle needs, substantially increasing uptime and safety while lowering upkeep expenses. Together with the Cantarell IV jackup rig, which was delivered by Keppel to Grupo R earlier this year, they are the industry's very first drilling rigs with Smart Notations.</p>
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<p class="p__5">Mr Jose Ramiro Garza, CEO of Grupo R added, "We are confident of the long-lasting outlook of the Mexican rig market with Pemex and worldwide oil business trying to find extra jackup rigs to support the country's target to increase Mexicos oil and gas production. As a leading rig operator in Mexico, we are well positioned to meet their requirements with high quality rigs from Keppel such as the Cantarell III.</p>

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