FELS Completes Galaxy I, $100 Million Jackup Rig

Far East Levingston Shipbuilding Ltd. (FELS) has completed Galaxy 1, which it calls one of the world's most capable jackup rigs, to the satisfaction of its owner, Santa Fe Drilling Operations, Inc.

In recognition of a job well done, Santa Fe is paying FELS a special bonus of about $1 million.

Galaxy 1 is the third jackup rig delivered by FELS to Santa Fe. Built at a cost of approximately $100 million, it took slightly more than two years to complete. The rig was delivered to Santa Fe at FELS' Pioneer Yard and left Singapore on board a special vessel for Rotterdam, where it will be deployed for oil and gas exploration in the North Sea.

Galaxy 1, which contains the most advanced technologies, can withstand higher waves and more adverse weather in deeper waters t h a n other jackups in service today, providing the capability for employment where other jackups can't function.

FELS is presently building a fourth Santa Fe harsh environment cantilever jackup for delivery in 1992.

For free literature on the facilities and capabilities of FELS, Circle 31 on Reader Service Card

Maritime Reporter Magazine, page 10, Nov 1991

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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.