Keppel FELS Secures Order for $191m Jackup

Maritime Activity Reports, Inc.

May 31, 2007

Keppel FELS Limited (Keppel FELS), the wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured a contract from PetroVietnam Drilling Investment Corp (PVD Invest) to build a $191m jackup drilling rig. The contract was secured following Keppel FELS’s successful delivery of PV Drilling I, a high quality jackup drilling rig, two months ahead of schedule in March 2007. Like PV Drilling I, the new rig will also be built to the KFELS B Class design. To be named PV Drilling II, it is slated for delivery in the fourth quarter of 2009.
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