Keppel secures US$305 million contract for new generation floatel

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a US$305 million contract to construct a 440-men North Sea accommodation semisubmersible (semi) for Floatel International (Floatel).

The contract is subject to certain conditions being met by 30 April 2007.