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Keppel FELS Will Build TLP for Atlantia Offshore

Maritime Activity Reports, Inc.

October 23, 2001

Keppel FELS Limited (KFELS), the offshore arm of the Keppel Group, has secured a contract from Atlantia Offshore Limited to build a Tension Leg Platform (TLP) hull structure. The $22 million contract involves the construction of the hull structure of Atlantia’s Seastar TLP System, which supports a self-contained topside with full production, work over, utility and accommodation capabilities. The 84 feet diameter column hull structure, to be built in KFELS’ Pioneer Yard, consists of a central moon-pool and a Y-shape base pontoon for attachment of the mooring tendons. The project is expected to be completed by end December 2002 and the platform will operate in the Matterhorn Field located in the Gulf of Mexico.

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