business
Journal
Business
Journal
discoveryoffshore
workplace safetyandhealth
From our initial venture in 2011, Baker Tech has steadily
acquired an increase of approximately 3%, bringing the
Company’s total investment stake to 20% in Oslo-listed
DiscoveryOffshore S.A. (“DO”). This propels Baker Tech
forward, as one of the top three major shareholders in
DO.
Incorporated in Luxembourg on 12 January 2011, DO
is a pure-play, ultra-high specification jack-up drilling
company. On the 2 May 2011, DO began trading on
OsloAxess Stock Exchange.With its strong focus on two
new build premium jack-up rigs, DO will strategically
market and endeavor deep into the North Sea. Once
DO rig fleet is operationally ready, it is set tobe amongst
themost elite jack-up drilling rigs available globally.
The rigs, named Discovery Triumph and Discovery
Resilience, are scheduled for delivery in June 2013 and
in the fourth quarter of 2013 respectively.
Both rigs are constructed based on the advancedKeppel
FELS “Super A” Class, designed to withstand harsh
environments and is equipped with the highest drilling
capabilities and efficiencies.
DO is managed by Hercules Offshore Inc., (“Hercules
Offshore”), a world renowned provider of offshore
contract drilling with an impressive fleet of jack-up rigs.
Hercules Offshore manages the overall rig construction
process, oversees all marketing efforts and ensures the
operational readiness and timely delivery of the rigs.
DiscoveryOffshore S.A.
Website:
29
BAKER TECHNOLOGY LIMITEDANNUAL REPORT 2012
28
BAKER TECHNOLOGY LIMITEDANNUAL REPORT 2012
Baker Tech holds a
20% stake in DO
Discovery Offshore is an
ultra-high specification jack-up
drilling company
WorkplaceSafetyandHealth
Baker Tech endeavours to be an employer of choice
through a work environment that promotes health and
safety, which is cultivated across all individuals. In the
year of review, SeaDeep'sWorkplaceSafetyandHealth
(“WSH”) practitioner aid in fostering excellence in safety
and health for a better informed workplace. The WSH
practitioner stayed current with latest developments in
WSHandnetworkwithmanyothers ina similar capacity
through active participation in seminars and workshops
organised by the Singapore Institute of Safety Officers
(“SISO”).
Safety excellence at the workplace is regulated with
safety checks and safetymeetings. Coupledwith regular
drills and other WSH practices, all employees are well
aware and prepared for an emergency situation in the
workplace.
Providing better opportunities
Caring and creating a positive
impact on our stakeholders,
staff and community
