Keppel Wins $184m Rig Order from India

Tuesday, March 28, 2006
Keppel FELS Ltd (Keppel FELS) has secured a second order for a KFELS B Class jackup rig valued at $184 million from Jindal Group based in India.

The agreement is signed with Jindal Pipes Limited and includes the design, engineering and construction of the rig as well as costs in getting the rig operationally ready.

Like the first rig, this new jackup will be built to Keppel’s proprietary design, which has been further customised to meet the owner’s operational needs in water depths of up to 350 feet. It is readily upgraded to 400 feet water-depth when required. It will have a drilling depth capability of 30,000 feet and can accommodate 112 persons. The rig is due for delivery in end 2008.

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