Beijing Zhiyuan Industries Company News

Keppel AmFELS Inc., is expected to deliver the first of its five jackup rigs on time and within budget for Scorpion Offshore Ltd. Keppel AmFELS launched the premium rig Offshore Courageous on November 4, 2006, which marked the completion of the hull works, a major milestone in its construction of the jackup. Ho Cheok Yuen, President and CEO of Keppel AmFELS, said, “We are committed to our delivery schedule for Offshore Courageous, and I am pleased that we are progressing as planned for our first rig for Scorpion Offshore. The other four Scorpion rigs are named Offshore Defender, Offshore Resolute, Offshore Vigilant and Offshore Intrepid. All five rigs are built to the LeTourneau Super 116 design, with leg lengths of 477 ft.