Keppel O&M adds another jack-up to its order book

KFELS SUPER BAPRIL 15, 2013 — Keppel Offshore & Marine has added another jack-up rig to its order book. This brings the group's new orders secured thus far this year to $1.8 billion and its total of jack-ups on order to 21. The latest order, valued at $226 million, is for a KFELS Super B Class unit and comes from Singapore-listed Falcon Energy Group Limited through its subsidiary, FTS Derricks, to construct a KFELS Super B Class jackup rig.

Mr. Wong Kok Seng, Managing Director (Offshore) of Keppel O&M and Managing Director of Keppel FELS said, "Falcon Energy entered the offshore oil drilling business when they ordered two jackup rigs from China in 2011. We are delighted that Falcon Energy has chosen the KFELS Super B Class design for their new high specification jack-up rig, which will be built at our shipyard in Singapore.

"So far this year, Keppel FELS has already delivered six rigs ahead of schedule, safely and on budget. For the latest delivery of AOD II, a KFELS B Class jack-up, to Asia Offshore Drilling, we received a bonus of about US$2 million for completing the rig 62 days early. With another 21 KFELS B Class/ Super B Class rigs on order including this latest contract, it is today the industry benchmark for premium jack-up rigs. We look forward to providing Falcon Energy and their partners with a premium, safe and efficient rig with on schedule delivery."

Customized to Falcon Energy's requirements, the KFELS Super B Class jackup rig is equipped with a high capacity hook load of two million pounds for operations in high temperature and high pressure wells. Developed by Keppel O&M's technology arm, Offshore Technology Development, the KFELS B Class/Super B Class jack-up is designed to provides maximum uptime with reduced emissions and discharges.

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