Keppel FELS Ltd (Keppel FELS) has secured its fourth order from India for a KFELS B Class jackup rig. Valued at US$182 million, this rig is for the Great Eastern Shipping Co. Ltd. Group (G.E. Shipping). This will be G.E. Shipping’s first newbuild drilling rig and is scheduled for delivery by the fourth quarter of 2009. It will be further customised to meet G.E. Shipping’s operational requirements for water depths of up to 350 feet and readily upgradeable to 400 feet. The rig will have capabilities to drill in 30,000 feet water depth and can accommodate 112 men. According to India’s national oil company, Oil And Natural Gas Corporation Limited (ONGC), it aims to double E&P reserves to six billion tonnes by 2020, out of which four billion tonnes are from deep waters. G.E.