Keppel bags $218m UMW jack-upKeppel bags $218m UMW jack-up

The rig will be the third of the design for UMW Oil & Gas and is expected to be delivered in the third quarter 2015.

UMW Oil & Gas president Rohaizad Darus, commented, "The KFELS B Class rigs are efficient drilling platforms with industry-leading features and have been well-received by the market.

"Our first jackup constructed by Keppel FELS, UMW NAGA 4, is currently deployed in offshore Malaysia while our second rig, UMW NAGA 5, is expected to be delivered in May this year and has already secured a charter from Nido Petroleum Philippines."

The new rig marks the 75th KFELS B Class to be ordered since 2000.

Wong Kok Seng, managing director (Offshore) of Keppel O&M and managing director of Keppel FELS said, "We are glad that UMW has chosen to build a third rig to the KFELS B Class design.

"Having our own proprietary rig designs empowers us to customise solutions for each client to suit their unique requirements in the shortest time possible. This provides us with a huge competitive advantage in terms of responding to clients' needs, which are changing with the advancement of drilling technology."