What will be the size of the largest containerships ordered by the end of this year?

10,000 TEU
12,000 TEU
15,000 TEU

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.


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