$18-Million Drill Rig Contract Awarded To Ingalls Shipbuilding

Keyes Offshore, Inc. of Houston, a major drill rig owner and contractor to the offshore drilling industry, has contracted with Ingalls Shipbuilding of Pascagoula, Miss, for a third jackup drilling rig of Friede and Goldman design. Earlier this year Keyes ordered two jackup rigs from Ingalls. The contract for the third rig is for approximately $18 million, increasing the total value of the contracts to about $50 million.

Bill Keyes, president of Keyes Offshore, said the first two of the self-elevating rigs will be delivered in March and May of 1981, while the rig just ordered will be delivered in June that year.

Len Erb, senior vice president of Litton Industries and president of Ingalls, said fabrication work has already begun on the first of the Keyes rigs, while material and equipment procurement will begin immediately on the rig just ordered.

All three rigs are Friede and Goldman design L-780 capable of drilling to depths of 20,000 feet.

One rig is designed to operate in 250 feet of water and two in 300 feet. The 5,500-ton mobile units will be 180 feet long and 175 feet wide, and have accommodations for 56 personnel. Completion of this order will bring the total of rigs owned or operated by Keyes to six.

Ingalls is the only North American contractor currently building jackups under Friede and Goldman license.

Maritime Reporter Magazine, page 4, Jun 15, 1980

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.