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Keppel FELS Delivers West Atlas

Maritime Activity Reports, Inc.

September 18, 2007

Keppel FELS has delivered the third KFELS B Class design jackup drilling rig to Seadrill within budget and ahead of schedule. This rig was named West Atlas by Lady Sponsor Anne-Marie Hood, wife of Mr. Peter Hood, Executive Director - Chief Executive Officer of Coogee Resources Limited. He also graced the ceremony as Guest-of-Honor.

According to Keppel, West Atlas is the third KFELS B Class rig that Keppel FELS has delivered to Seadrill. The first rig, West Ceres (ex-Seadrill 3), was delivered to Seadrill in April 2006 and the second, West Prospero, was delivered in June 2007.

Keppel FELS is building one more KFELS B Class jackup rig and a semisubmersible drilling tender rig for Seadrill. They are progressing according to schedule and are scheduled for delivery between mid-2008 and end-2009 respectively. West Atlas has already won a 480-day charter agreement with Coogee Resources Limited offshore Western Australia. Source: Rigzone

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