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Keppel FELS has 25 offshore structures under construction

Keppel FELS is currently constructing a total of 25 units of offshore structures. The jackup rig in the middle is the first Sinvest rig

January 25 2006

Keppel FELS gets another jackup order

Singapore's Keppel FELS Limited (Keppel FELS) has added another jackup rig to its order book. A subsidiary of Sinvest ASA has exercised an option signed in February 2005 for another KFELS Super B class jackup rig.

To be completed in first quarter 2009, the rig is contracted at around US$140 million.

This KFELS Super B Class jackup is Sinvest's fifth rig with Keppel FELS, and can drill high pressure, high temperature wells up to 35,000 ft at 350 ft water depths.

Sinvest's first rig from Keppel FELS is expected to be delivered this April. The next three rigs will be delivered between end 2006 and third quarter 2008.

With the new jackup order from Sinvest, Keppel FELS is currently constructing a total of 25 offshore structures.