Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured contracts to build three high-specification KFELS B Class jackup rigs worth about $650 million (USD) from new customer Fecon International Corp. (Fecon). Backed by experienced industrial entrepreneur, A.P. Dobrov, Fecon is a new player to the offshore oil and gas industry, and is targeting the growing offshore drilling markets of Africa, Middle East, and Southeast Asia. In addition, Fecon's leadership team has extensive connections, experience and knowledge of working in Russia and has identified offshore drilling in Russia as a strategic market with good growth opportunities. The three rigs are scheduled to be delivered progressively within 2H 2016. Mr A.P.