Keppel FELS Delivers SeaDrill Rig

Wednesday, May 28, 2008

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has completed its fourth KFELS B class jackup rig for SeaDrill Limited (SeaDrill) within budget and three days ahead of schedule.

This is Keppel O&M’s sixth jackup rig delivery this year, with five from Keppel FELS and one from Keppel AmFELS.

In keeping with the naming tradition for all of SeaDrill’s other drilling units, this rig has been christened with the name of a celestial body, West Ariel. This KFELS B Class rig will have the capability of operating in water depths of up to 400 feet, has a drilling depth of 30,000 feet and can accommodate 112 men.

Commenting on the early delivery of the rig, Managing Director and Chief Operating Officer of Keppel O&M, Mr Tong Chong Heong, said, “I am delighted with the early completion of the West Ariel which demonstrates our commitment to keep our promises of on-time, within-budget deliveries to our customers. “

Keppel O&M, a wholly-owned subsidiary of Keppel Corporation Limited, is a global leader in offshore rigs, shiprepair and conversion, and as well as specialised shipbuilding. Keppel O&M's near market, near customer strategy is bolstered by a global network of 20 yards in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be a provider of choice and a partner in solutions for the offshore and marine industry.

Listed on the Oslo Stock Exchange, Seadrill is an international offshore drilling contractor providing services within drilling and well services.

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