Boeing Awards $73M Platform Contract

October 22, 2003

AMFELS Inc, a member of Keppel Offshore & Marine Ltd (Keppel O&M), has won a $73 million firm-fixed-price contract for the modification of a platform from The Boeing Company. The SBX Platform is a self-propelled semi-submersible modified oil-drilling platform developed for the US Government’s Sea-Based Test X-Band Radar (SBX) in support of its ground-based midcourse missile defense system. Mr Tong Chong Heong, Chairman of AMFELS and Managing Director and Chief Operating Officer of Keppel O&M, said, “We are proud that Boeing Company has entrusted us with this project on account of our commitment to and reputation of on-time and on-budget delivery of superior quality projects without compromising health, safety and environment standards.” The work scope involves outfitting of the bare hull of the platform, construction and assembling of the living quarters, the electrical, networking and mechanical work and the commissioning of the vessel. The vessel is expected to be delivered in the first quarter of 2005. AMFELS currently is building a jack-up rig for a Mexican owner and a platform drilling rig for an American firm as well as upgrading several offshore drilling rigs. Keppel O&M is a member of Keppel Corporation Ltd. A leader in offshore rigs and ship conversion and repair, and a specialized shipbuilder, Keppel O&M has a network of 16 yards worldwide including the Asia Pacific, Gulf of Mexico, Brazil, Caspian Sea, Middle East and the North Sea.

Boeing Awards $73M Platform Contract

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