Keppel FELS Delivers New Jack-Up Rig to Malaysian UMW

Keppel FELS Limited (Keppel FELS), a wholly owned-subsidiary of Keppel Offshore & Marine (Keppel O&M), has delivered the jackup rig UMW Naga 4 to UMW Oil & Gas Corporation Sdn. Bhd., a wholly-owned subsidiary of the UMW Group. It was completed five days ahead of schedule, on budget and with a perfect safety record.

UMW Naga 4 is the fourth consecutive rig that Keppel FELS has delivered ahead of schedule this year.

At the handover ceremony held on 16 February 2013 at Keppel FELS, Mr Chow Yew Yuen, Chief Operating Officer of Keppel O&M said, “In a year where Keppel FELS targets to deliver a record 20 rigs, we remain committed to every delivery to go beyond our customer’s expectations and provide value-added services. We are continually innovating and improving our processes to increase productivity and safety.”

UMW Naga 4 is built to Keppel’s proprietary KFELS B Class design which is today the industry standard for modern jackup rigs. With another 16 KFELS B Class/Super B Class rigs on order, it reflects the strong market demand for the design.

Mr Chow added, “With a strong focus on technology, we work closely with customers to develop innovative and cost-effective solutions for today’s market. We are glad to have new customer UMW choose the KFELS B Class as their preferred rig design. It is ideally suited to meet the current shortage of high specification rigs needed for shallow water fields and can be deployed in many parts of the world.”

Developed by Keppel’s jackup rig design arm, Offshore Technology Development, the KFELS B Class rig is able to operate in water depths of up to 400 ft with a drilling depth of 30,000 ft. It incorporates Keppel’s advanced and fully-automated high capacity rack and pinion elevating system and self-positioning fixation system. In 2009, the design received the Prestigious Engineering Achievement Award from the Institution of Engineers Singapore for its environmentally-friendly features.

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Keppel FELS, February 18, 2013