No Rig Too Big
By TBY | UAE | Jul 06, 2015
Located in one of the most rapidly developing regions in the world and on a busy trading route, Drydocks World has risen to become one of industry’s most prolific shipyards. […]
Located in one of the most rapidly developing regions in the world and on a busy trading route, Drydocks World has risen to become one of industry’s most prolific shipyards. Since its founding in 1983, Drydocks World has carried out repair work on more than 750 vessels, 150 rigs, and completed 70 new-build projects and a large number of floating platforms for the offshore oil and gas industry. The flagship yard is the world’s largest and most modern facility between Europe and the Far East. It is supplemented by four other fully operational facilities, one in Singapore and three on Batam Island, Indonesia. The four Asian shipyards have built and repaired over 2,000 vessels of various types and sizes. With an eye for sustainability and growth potential in the oil and gas sectors, Drydocks World is today well positioned for future success.
Drydocks World has expanded its operation to increase its focus on oil and gas rig projects to meet client demand. In so doing, Drydocks World has established a dedicated rig division in its operations and has since seen a record nine rigs at its shipyard. With nine rigs already in the yard by February 2015, Drydocks World expects to have a very successful year with regards to rig projects in addition to its other projects. Ship and rig repair revenue increased by 9% in 2014 and exceeded the targeted annual profit projected in 2014. Drydocks World has also surpassed the target set out for 2014 in terms of rig orders, with 14 orders placed as of October 2014. In the last three years, 35 rigs have been successfully dry-docked and repaired. One of the landmark achievements has been the agreement with Drill One Capital to build the Dubai Expo 2020 NS mega jack-up rig. This jack-up rig, designed by Gusto MSC, one of the partners in the project, will be the first of this design to be built and will be the largest jack-up rig ever built. It is designed to be operated in harsh environments as it will be employed in the Norweigan sector of the North Sea with maximum water-depth of 175 meters and a 25-meter air-gap.
This platform is the largest of its kind in the world in terms of capacity and is a key part of TenneT’s 900 MW DC offshore grid connection for DolWin2, a cluster of offshore windfarms in the German sector of the North Sea. The construction of Dolwin2 was also a construction marvel with the lift of a record-breaking 10,000 ton lift of the structure to allow for the coupling to the base. While ship repair work will continue to be an important element of what Drydocks World is all about, offshore modules and structures will be increasingly important and will help to drive the company forward in the future.