IMO ENVIRONMENTAL REGULATIONS
Are IMO regulations tough enough to keep national governments from imposing stricter measures?

Yes--Mostly
Only partly
No--expect a slew of regional regs!

Marine Log

August 12, 2007

Keppel AmFELS to build $190 million jackup for Mexico

Keppel AmFELS Inc., the U. S. wholly-owned subsidiary of Keppel Offshore & Marine Limited has secured a contract from Mexico's Perforadora Central SA de CV to build a jackup rig valued at approximately $190 million.

The jackup drilling rig is due for delivery in end-2009, and is expected to be deployed in the Gulf of Mexico.

The new jackup will be built to the LeTourneau Super 116E design. With leg lengths of 511 ft, the rig can drill wells up to 30,000 ft in water depths of 350 ft.

This is the second rig that Keppel AmFELS is building for Perforadora Central. The first was delivered in 2004 and is working for PEMEX.

In late 2006, Keppel AmFELS completed the onshore construction of two 220-crew accommodation platforms, HA-KU-M and HA-KU-S, for PEMEX.

Mr. Tong Chong Heong, Managing Director & COO of Keppel O&M and Chairman of Keppel AmFELS, said, "Mexico is an important market for Keppel O&M. We are committed to build our track record with Mexican companies such as Perforadora Central by providing them relevant solutions from our suite of products ranging from jackups to semisubmersibles for deepwater exploration and production.

"With our strategic presence in the Gulf of Mexico and our knowledge of the country through the various projects that we have been executing for them, we are poised to be the preferred partner and solution provider in the Mexican offshore market."

Mr. Patricio Alvarez Morphy, President of Perforadora Central, said, "We are pleased to work with a reputable company such as Keppel AmFELS again. We look forward to another high-quality rig that is delivered on time and within budget."

Located in Brownsville Texas, Keppel AmFELS is one of the best-equipped offshore yards in the area, serving customers operating in the Gulf of Mexico and internationally.

Keppel AmFELS is currently constructing six newbuild jackups which include four LeTourneau Super 116 jackup rigs for Scorpion Offshore; one KFELS Super B Class jackup rig, Ocean Scepter, for Diamond Offshore; one LeTourneau Super S116E jackup rig, Atwood Aurora, for Atwood Oceanics; and a Sludge Vessel, Red Hook, for New York City's Department of Environmental Protection.

Ongoing repair and refurbishment projects include the Pride Texas for Pride Offshore and the Ocean Yorktown for Diamond Offshore.

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