Marine Log

November 24, 2006

Keppel FELS delivers first Qatar rig ahead of time
Al Khor

Keppel FELS Limited, a wholly-owned subsidiary of Keppel Offshore & Marine Limited, will deliver its first jackup drilling rig for Qatar's national drilling company, Gulf Drilling International Ltd (GDI) ahead of time.

Built to Keppel's proprietary KFELS B Class design, the rig will be named Al-Khor.

Al-Khor has been built to GDI's specifications for operations in water depths of up to 300 feet and drilling depth of down to 30,000 feet. The rig can accommodate up to 110 men and is readily upgradeable for higher drilling capabilities in water depths of up to 400 feet. When delivered, it will contribute to the development of Qatar's Liquefied Natural Gas (LNG) industry, as the State strives towards being the world's largest exporter of LNG by 2012.

Gulf Drilling Company (GDI) is Qatar's first offshore and onshore drilling company. A 60/40 joint venture (JV), GDI was established in May 2004 by Qatar Petroleum and Japan Drilling Company. Based in Doha, GDI aims to provide quality oil and gas drilling and related services to regional and international oil and gas companies.

Mr Lim Boon Heng, Minister, Prime Minister's Office of the Republic of Singapore and Mr S Al-Shirrawi, Chairman of the Board of Directors of GDI and Finance Director of Qatar Petroleum took part in an inauguration ceremony for the rig at Keppel FELS in Singapore today.