Keppel FELS Limited (Keppel FELS) has been awarded contracts from Maersk Drilling Holdings Singapore Pte Ltd, a wholly owned subsidiary of A.P. Moller - Maersk A/S (Maersk), to build two Gusto MSC CJ70 harsh environment jackup rigs worth close to $1 billion. The first rig is scheduled for delivery near end-2013, with the second rig following seven months later. As part of the agreement, Maersk has the option to build an additional jackup unit with Keppel FELS. Tong Chong Heong, CEO of Keppel Offshore & Marine, said, "The Maersk-Keppel partnership, spanning decades, has achieved many significant milestones. We are pleased that our faithful customer, Maersk, has chosen Keppel to support them in the next phase of their rig expansion program.