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Keppel FELS Delivers Rigs Early

Maritime Activity Reports, Inc.

October 27, 2009

Photo courtesy Keppel Group Corporate Communications

Photo courtesy Keppel Group Corporate Communications

Keppel FELS Ltd (Keppel FELS) has delivered two rigs safely, ahead of schedule and within budget to owners.

The KFELS B Class jackup rig, Greatdrill Chitra, was delivered to India’s Greatship Global Energy Services Pte Ltd (Greatship) 12 days ahead of schedule, earning Keppel FELS a bonus of S$300,000.

Keppel FELS also delivered Gold Star, the world’s first DSS 38 deepwater semisubmersible drilling rig, to Brazilian operator, Queiroz Galvão Óleo e Gás (QGOG), six days early.

Both rigs are well on-track for their maiden deployments. Greatdrill Chitra will work for India’s national oil company, Oil and Natural Gas Corporation (ONGC) in the west coast of India for a period of five years, while Gold Star supports Petrobras' exploration and production activities in offshore Brazil.

Apart from Greatdrill Chitra, Keppel Offshore & Marine’s subsidiary, Keppel Singmarine, is also building four platform support vessels for Greatship.

Presently under construction at Keppel FELS, QGOG’s second DSS 38 unit, Alpha Star, is scheduled for delivery in mid-2011.

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