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August 29, 2010

Keppel AmFELS on track to deliver next Rowan rig

Keppel Offshore & Marine's wholly owned U.S. subsidiary, Keppel AmFELS L.L.C., in Brownsville, Texas, is on track to deliver the second of four EXL rigs to Rowan Drilling Companies, Inc. on time, within budget and with zero lost-time incidents.

The rig, christened Rowan EXL-II last Friday, is scheduled for delivery August 31 and will depart the Keppel AmFELS shipyard within the next month. It is expected to be deployed to Trinidad for three years under contract with BP Trinidad and Tobago.

Construction for the Rowan EXL-II began in April 2008. Built as an enhancement of the LeTourneau Super 116E design with leg lengths of 511 ft and a capable hook load of 2,000,000 lb, the ABS-classed rigs employ the latest state-of-the-art technology to drill high-pressure, high-temperature and extended-reach wells in jack-up markets throughout the world. They are capable of operating in 350 ft of water or more and drilling to a depth of up to 35,000 ft.

Keppel AmFELS is currently constructing two other similar new build jack-up rigs for Rowan. The construction of these rigs is progressing well and is within schedule and budget.

Mr. David Russell, President of Rowan Drilling Companies, said, "We continue to see a strong demand for higher-specification jack-ups worldwide. The Rowan EXL rigs, built to distinction with Keppel AmFELS's experienced project management and production capabilities, solidly augment our premium fleet."

Mr. G.S. Tan, President of Keppel AmFELS, said, "Keppel O&M's Near Market, Near Customer strategy gives us the leverage to better understand and support our customers in the local markets where they operate.

"The Rowan EXL-II is another well-executed project, proving our track record in this region and strengthening the partnerships with our repeat customers such as Rowan."

Since its establishment in 1990, Keppel AmFELS has built up its facilities and equipment to become the what Keppel O&M says is most well equipped offshore shipyard in the Gulf of Mexico. The yard engages in the construction, refurbishment, conversion, life extension and repair of a complete range of mobile drilling rigs and platforms. Its comprehensive facilities are first class, with a dry dock capable of docking the largest semisubmersible drilling units and a modern steel processing plant.


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