April 5, 2005

Keppel FELS gets jackup order from ENSCO

Singapore's Keppel FELS Ltd, a wholly owned subsidiary of Keppel Offshore & Marine Ltd, says it a US$117.2 million order from ENSCO International Inc. (ENSCO) for a KFELS B Class jackup rig.

The rig will be a replacement for ENSCO 64, which was heavily damaged by Hurricane Ivan in September 2004.

To be named ENSCO 108, the rig is due for delivery in the first quarter 2007.

The new unit will be a sister rig to ENSCO 106, now operating in Australia, and ENSCO 107, which Keppel FELS is expected to deliver in late 2005.

Mr Michael Chia, Executive Director of Keppel FELS, said, "We have been in discussion with ENSCO for some time now on this project, and we are glad to seal the contract with our long time partner and friend."

Keppel O&M Group is currently undertaking several other projects for ENSCO. They include three major refurbishment and life extension jackup rig projects, which will be executed by Keppel AmFELS. Keppel FELS is currently carrying out a significant upgrading and life extension project for ENSCO.

ENSCO 108 is the seventh consecutive jackup rig to be built for ENSCO by Keppel FELS since 1999. All seven rigs are premium jackups of KFELS design.

"I am happy to note that the rigs fetch one of the best daily rates for their owner in every location that they are being deployed," Chia noted

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