Keppel Bags Contracts Worth $650m

Keppel FELS Limited has won contracts to build three high-specification KFELS B Class jackup rigs worth about $650 million from new customer Fecon International Corp. (Fecon).

The three rigs are scheduled to be delivered progressively within 2H 2016.

The cost-effective and high-performance KFELS B Class rig is able to operate in water depths of up to 400 feet and drill to 30,000 feet deep. Customised to Fecon’s requirements, the three jackup rigs will each have a full 15,000 psi BOP system, 75-feet cantilever outreach and be able to accommodate 150 persons.

Mr Wong Kok Seng, Managing Director (Offshore) of Keppel O&M and Managing Director of Keppel FELS said, “We are pleased that new customer Fecon has chosen to build three KFELS B Class rigs as the basis for their fleet of jackups. Our KFELS B Class rigs are the industry benchmark for jackup rigs with more than 50 delivered and operating successfully in various parts of the world including Southeast Asia, the Middle East, Gulf of Mexico and the Black Sea. I am confident these rigs for Fecon will be just as successful wherever they are deployed.”

“Their efficiency, reliability, ease of operation as well as safety and environmental features make them the default rig of choice for both experienced and new operators. With these new orders, Keppel O&M currently has 27 KFELS B Class rigs on order.”

Developed by Keppel’s technology arms, Offshore Technology Development and Bennett Offshore, the KFELS B Class is customised to operate in a wide variety of environments and features an enhanced leg design for added robustness. The design incorporates Keppel’s advanced and fully-automated high capacity rack and pinion jacking system, and Self-Positioning Fixation System.

The KFELS B Class provides maximum uptime with reduced emissions and discharges. For its environmental-friendly features, the KFELS B Class design was bestowed the prestigious Engineering Achievement Award from the Institution of Engineers Singapore in 2009.