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Keppel AmFELS Delivers Second Rowan Rig

Maritime Activity Reports, Inc.

August 30, 2010

Keppel AmFELS L.L.C., the U.S. wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), is on track to deliver the second of four EXL rigs to Rowan Drilling Companies, Inc. (Rowan) on time, within budget and with zero lost-time incidents.

The rig, christened Rowan EXL-II last Friday, is scheduled for delivery on 31 August and will depart the Keppel AmFELS yard within the next month.  It is expected to be deployed to Trinidad for three years under contract with BP Trinidad and Tobago.

Construction for the Rowan EXL-II began in April 2008. Built as an enhancement of the LeTourneau Super 116E design with leg lengths of 511ft. and a capable hook load of 2,000,000 lbs., the ABS-classed rigs employ the latest state-of-the-art technology to drill high-pressure, high-temperature and extended-reach wells in jack-up markets throughout the world. They are capable of operating in 350 ft. of water or more and drilling to a depth of up to 35,000 ft.

Keppel AmFELS is currently constructing two other similar new build jack-up rigs for Rowan. The construction of these rigs is progressing well and is within schedule and budget.

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