Keppel Clinches $190m Rig Order

Keppel AmFELS Inc. has secured a contract from Mexican company Perforadora Central SA de CV to build a jackup rig valued at approximately $190m. The jackup drilling rig is due for delivery in end-2009, and is expected to be deployed in the Gulf of Mexico. This is the second rig that Keppel AmFELS is building for Perforadora Central. The first unit was delivered in 2004 and is working for PEMEX, Mexico’s national oil company. In late 2006, Keppel AmFELS completed the onshore construction of two 220-crew accommodation platforms, HA-KU-M and HA-KU-S, for PEMEX.

The contract is not expected to have material impact on the net tangible assets and earnings per share of Keppel Corporation for the financial year 2007.