Keppel FELS Limited (Keppel FELS) will build a third KFELS B Class jackup drilling rig worth about US$205 million for PetroVietnam Drilling & Well Services Corp’s (PV Drilling) subsidiary PetroVietnam Drilling Investment Corp (PVD Invest). The agreement is subject to conditions being met by March 14. This latest unit and PVD Invest’s second rig PV Drilling II, which is already under construction at Keppel FELS, are scheduled for delivery in the fourth quarter of 2009 respectively.