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AMFELS Wins $48.4M Repair Contracts

Maritime Activity Reports, Inc.

November 12, 2004

AMFELS, the US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) has clinched four contracts valued at S$80 million from repeat customers. Three contracts are for the repair of jackups, ENSCO 86, ENSCO 89 and ENSCO 99, for a subsidiary of ENSCO International Incorporated (ENSCO).

The first of the three jackup rigs, ENSCO 99 is expected to arrive at AMFELS in mid-November 2004 and she will also undergo life extension and refurbishment works. The fourth contract is for the refurbishment of Ocean Warwick, a jackup for Diamond Offshore, which had suffered leg damages during the Hurricane Ivan.

ENSCO 86, ENSCO 89, ENSCO 99 and Ocean Warwick are jackup rigs operating in the Gulf of Mexico.

Currently, AMFELS is busy with the final stages of the modifications works on the SBX platform project with the US government. The vessel is scheduled for delivery in the first quarter of 2005.

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