Keppel Corp and Sembcorp Marine

Did you know that Keppel Corp and Semcorp Marine are the world's larges and second largest rig builders respectively?

Also, they have announced new orders this month (March)

SembMarine

SGD $550 million contract from ConocoPhillips to construct the Ekofish accomodation topside, situtaed in the North Sea

• Project to start in 3Q2010 and ready for delivery in 2013

• Will cause year to date orders to SGD $810 million, and lift order books to SGD 6.3 Billion

• Apparently this project will help to contribute to profits of around SGD $27 million for FY 2011 and FY 2012

Keppel Corp

• Its subsidiary Keppel Verolme and Areva Energietechnik GmbH have secured a 62 62 million euros (SGD $117.6 million) contract from Wetfeet Offshore Windenergy GmbH to build a mobile offshore application barge

• It will also be situated in the North Sea

• Scheduled to be completed in 4Q11

Some interesting facts (from Citigroup)

• Operating expenditure in deep water floaters in 2Q02 is USD $60,000 per day

• Operating expenditure in deep water floaters in 2Q09 is USD $115,000 per day

• It is expected that between 2010 and 2013, median day rates are to be more than USD
  

• $100,000 for jack-up units and USD $400,000 for deep water units

• Demand for jack-up rigs should continue to fall as the new oil finds are in deeper waters