A subsidiary of State owned oil giant PetroVietnam has signed an agreement with Singapore-based Keppel Fels, to purchase a deep-sea oilrig capable of drilling to 9,000m.
PetroVietnam Drilling Investment Corporation came to terms on the 191 million USD jack-up rig that can operate in water depths of up to 114m, on May 28.
Previously, Keppel Fels supplied another PetroVietnam subsidiary, the PetroVietnam Drilling and Well Service Company, with a similar rig that is now being used in the offshore Te Giac Do (Red Rhino) field in the southern coastal province of Vung Tau.
Keppel Fels is a wholly owned subsidiary of the Keppel Offshore & Marine Corporation, one of the world’s leading designers and builders of jack-up rigs.
Completion of the oil rig is scheduled for October, 2009.
Vietnam, 
Asia
