Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IMI inks rig agreement with Keppel LeTourneau

Photo: IMI IMI and Keppel Tourneau signing
Saudi shipyard International Marine Industries (IMI) has inked an agreement with Keppel LeTourneau Middle East (KLET) for the design and construction of offshore rigs.

The joint venture shipyard signed a Letter of Intent (LoI) with KLET for the building of Mobile Offshore Drilling Units (MODUs) on a per-rig basis.

KLET will provide engineering and construction support as well as rig components to IMI through Kit Construction & License Agreements. KLET will also assist in the training and development of IMI’s workforce.

Dr. Abdullah Al Ahmari, CEO of IMI, said: “We are pleased to have signed this LOI with KLET, a leading rig design company that will strengthen our rig building capabilities and support our efforts to build an advanced maritime facility that will drive the development of the maritime industry in Saudi Arabia. The partnership enables us to leverage KLET’s unique capabilities and expertise, thereby enhancing our offering to both our partners and customers.”

IMI expects to construct MODUs at its Ras Al Khair shipyard in the near future.

Ron MacInnes, President of KLET, said: “This leverages Keppel LeTourneau’s expertise in rig design and kit manufacturing, as well as its experience in aftermarket and aftersales services. We have been actively contributing to the offshore and marine industry in Saudi Arabia, with over 20 rigs in the country built to Keppel LeTourneau’s proprietary designs.”

IMI, a joint venture between leading industry partners Saudi Aramco, Bahri, Lamprell, and HHI, has guaranteed agreements worth $10bn with Aramco and Bahri for the delivery of 20 rigs and 52 vessels.