Keppel Atwood Contract Takes Effect
Keppel AmFELS Inc. is pleased to announce that its contract with a wholly-owned subsidiary of Atwood Oceanics Inc. (Atwood) for the construction of a new jackup rig is now effective. This contract follows the Letter of Intent signed between the two companies announced on 7 February 2006. The rig, excluding Owner Furnished Equipment, is valued at US$110 million and is due for delivery in the third quarter of 2008. Said Mr. Ho Cheok Yuen, President and CEO of Keppel AmFELS, “We are glad that Atwood recognises our ability to deliver solutions on time and on budget. This new rig will be built to the LeTourneau Super 116E design, with leg lengths of 477 feet (and can be upgraded to 511 feet), and capable of drilling wells up to 30,000 feet deep in water depths of 350 feet. Mr.
OTC Announces New Board Members
The Offshore Technology Conference (OTC) board of directors elected the 2004-2005 chairman and vice-chairman during this year’s event that took place 5-8 May at Reliant Center at Reliant Park in Houston. Members of the OTC Board are appointed to four-year terms by their respective society or organization. The OTC Board includes 13 representatives, 11 from OTC’s sponsoring organizations and two from OTC’s endorsing organizations. The two principal officers, the Chairman and the Vice Chairman, are elected for two-year terms by the Board during their annual meeting. The 2004-2005 OTC Chairman is Rod Allan, Manager of Core Expertise for Transocean Offshore Deepwater Drilling, Inc. Allan has served four years on the OTC board and succeeds Charlie Richards of C.A.
