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Brazil Extra - Latest News

2011-04-13

Keppel FELS secures US$180 m rig deal

Keppel FELS, a unit of Keppel Corporation, has secured another rig building contract worth US$180 million from SGX-listed Jasper Investments. Keppel said that Jasper has exercised its option with Keppel FELS to build a second KFELS B class jackup rig for delivery in the first half of 2013.The option was given to Jasper when it ordered its first jackup from Keppel Fels on December last year.

Keppel FELS managing director Mr Wong Kok Seng, said that "including this latest contract from Jasper, we have secured 17 jackup rigs since November last year. Of these, 14 are proprietary Keppel designs. These include 10 KFELS B and Super B Class rigs".

Similar to its first jackup rig, Jasper's latest unit will be able to operate in water depths of 400 feet, drill 30,000 feet deep and accommodate 150 men.

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