July 29, 2005
Keppel FELS books second jackup order from GDI
Keppel FELS Limited (Keppel FELS) has secured a contract to build a US$130 million jackup for Gulf Drilling International (GDI).
The jackup, to be named GULF-5, will be delivered by end 2007.
This is GDI's second jackup with Keppel FELS. The order for the first rig, GULF-4, was signed in December 2004. The keel was laid this week at the Keppel FELS yard and the unit is due for delivery end 2006.
Both GULF-4 and GULF-5 are of Keppel's proprietary KFELS B class design, and suitable for operation in the Arabian Gulf and Indian waters.
GDI is a 60/40 joint venture established in May 2004 by Qatar Petroleum and Japan Drilling Company. The Doha-based JV is acquiring used and newbuild rigs to meet the escalating demands for drilling rigs in Qatar and region.