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Ho Cheok Yuen News

17 Nov 2004

Keppel AmFELS Strengthens GOM Presence

In what could be construed as a sign that good times are indeed ahead for the Gulf of Mexico offshore business, Amfels Inc. was recently renamed Keppel AmFELS, Inc. leveraging the Keppel and FELS brand names in its vision to further strengthen its presence in the Gulf of Mexico. The renaming ceremony took place on November 15, 2004, at the Keppel yard in Brownsville, Texas. Guest-of-Honour, Honourable Congressman Solomon P. Ortiz of the 27th Congressional District Texas was present to unveil the new corporate identity for AMFELS. “The FELS name embodies a proud heritage of our CAN DO!

03 May 2007

Keppel AmFELS to Deliver Scorpion Jackup

Keppel AmFELS Inc., the U.S. subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), is on course to a timely delivery of Scorpion Offshore Ltd.’s first jackup drilling rig at the end of May 2007. The ultra premium drilling rig, Offshore Courageous, is the first of five jackups that Keppel AmFELS is constructing for Scorpion Offshore. The other four rigs are Offshore Defender, Offshore Resolute, Offshore Vigilant and Offshore Intrepid. Mr Ho Cheok Yuen, President and CEO of Keppel AmFELS, said, “Keppel AmFELS and Scorpion Offshore share a win-win partnership. The close collaboration and open communication between the teams are key factors that contributed to the success of the project. “As with many shipyards worldwide, Keppel AmFELS is faced with high level of activities.

07 Nov 2006

Keppel AmFELS on Course for Delivery of Jackup Rig

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.

03 Mar 2006

Keppel Atwood Contract Takes Effect

Keppel AmFELS Inc. is pleased to announce that its contract with a wholly-owned subsidiary of Atwood Oceanics Inc. (Atwood) for the construction of a new jackup rig is now effective. This contract follows the Letter of Intent signed between the two companies announced on 7 February 2006. The rig, excluding Owner Furnished Equipment, is valued at US$110 million and is due for delivery in the third quarter of 2008. Said Mr. Ho Cheok Yuen, President and CEO of Keppel AmFELS, “We are glad that Atwood recognises our ability to deliver solutions on time and on budget. This new rig will be built to the LeTourneau Super 116E design, with leg lengths of 477 feet (and can be upgraded to 511 feet), and capable of drilling wells up to 30,000 feet deep in water depths of 350 feet. Mr.