Keppel FELS Delivers Rig to ENSCO

January 23, 2006

Keppel FELS Limited (Keppel FELS) delivered ENSCO 107, a KFELS B Class design jackup drilling rig to ENSCO International Inc (ENSCO) one month ahead of contractual schedule and within budget. Guest-of-Honor, Mr. S. Dhanabalan, chairman of Temasek Holdings Pte Limited and Mr. Lim Chee Onn, executive chairman of Keppel Corporation Limited, were present to witness the christening ceremony, which came one day after Keppel FELS and ENSCO inked a new contract for the construction of a $338 million semisubmersible. The Lady Sponsor for ENSCO 107 was Mrs. Mieke Koenders, wife of Mr. Eisso Koenders, vice president of ENSCO Offshore International and unit manager for the Asia Pacific region. The ENSCO 107 is the eighth jackup rig that the Keppel Offshore & Marine group has completed for ENSCO since 1999. It has achieved a clean safety record of zero loss time for its 2,500,000 manhours of work.

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