Keppel Delivers PV Drilling III Jackup Early

Monday, November 16, 2009

Keppel FELS Limited (Keppel FELS) has been awarded a bonus of $460,000 for delivering the KFELS B Class jackup rig, PV Drilling III, early to PetroVietnam Drilling & Well Services Corp (PV Drilling).

Completed 1.5 months ahead of schedule, without incidents, PV Drilling III has departed Keppel FELS for Vietnam to begin a five-year contract with Vietsovpetro in the Bach Ho field, offshore Vietnam.

PV Drilling III completes the series of three KFELS B Class jackup rigs ordered by PV Drilling since 2005.

The KFELS B Class rig is able to operate in water depths of 400 ft with a drilling depth of 30,000 ft. Versatility of PV Drilling III has been further enhanced with features like engines that meet more stringent emission standards and lower spud can bearing pressure for operation in areas with soft soil conditions.

Designed for maximum uptime with reduced emissions and discharges, the KFELS B Class rig recently won the Prestigious Engineering Achievement Award 2009 from Institution of Engineers Singapore for its environmentally-friendly features.

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