 |
Public Relations
External Press Releases
November 15, 2005
Interview with Mr. Choo, Chairman of
Keppel FELS
I understand that acquisition of the
patents of ABB Lummus Global deepwater floating production
division, in joint venture with J. Ray McDermott, was part
of your plan to enhance your presence in the development
of deepwater fields and production facilities. Tell us
something about the ambitions that you hope to achieve
through FloaTEC, LLC, your 50/50 joint venture with McDermott.
- For
Keppel FELS and J Ray McDermott, FloaTEC, LLC is a natural compliment
to their existing businesses. Its establishment provides
the opportunity to merge the acquired TLP designs together
with Keppels experience in deepwater production semi submersibles
with several units delivered for Petrobras, and J Rays
Spar division SparTEC, one half of the original group innovating
that technology and with three delivered units to its credit,
in order to provide the full range of deepwater production
solutions to the industry under a single umbrella.
- FloaTEC,
LLC can offer a flexible contracting approach based on
unique delivery models encompassing all or part of an entire
package of a deepwater production system, including the
hull, moorings and risers - from technical fasibility work
to delivery of an EPC contract. Through its parent company's
22 worldwide shipyards and fabrication facilities, FloaTEC,
LLC can provide a high level of confidence in project estimating
and project execution planning.
What kind of technological and engineering
feats should we expect from FloaTEC, LLC.
As the exclusive licensee
for Spar, ETlp®, SCF® and Production Semi-submersible,
FloaTEC, LLC will seek to optimize the designs across the
functional disciplines, thus facilitate the delivery of un-biased
floating production solutions for the deepwater market, bringing
forward the best features of its broad technology portfolio
in meeting clients requirements for the specific field development
being considered. Key aspect in this optimization process
is to bring construction and fabrication knowledge back into
the designs, thus making sure that what is being proposed
is cost-effective also from an execution point-of-view.
Given
the market current trends, with high utilization rates for
the global deepwater drilling rigs, FloaTEC, LLC will be focusing
its effort on having a full portfolio of solutions for 'dry-tree'
application - i.e. where the floating production platforms
(Spar, ETLP or Semi) will have integrated topsides with well-completions
and drilling facilities, thus avoiding dependencies of mobile
drilling units for drilling development wells, work-overs
and other well maintenance over the life of the field.
 |
|
Copyright © FloaTEC, LLC 2007 |
|
|
