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Keppel grabs $440m twin rig orderKeppel grabs $440m twin rig order

Singapore's Keppel FELS, wholly-owned by Keppel Offshore & Marine, has grabbed a $440m order to build a pair of jack-up rigs for an affiliate of Clearwater Capital Partners.

Lee Hong Liang, Asia Correspondent

October 2, 2013

1 Min Read
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The KFELS B Class rigs are scheduled to be completed in the fourth quarter of 2015 and the first quarter of 2016.

Wong Kok Seng, managing director (offshore) of Keppel O&M and managing director of Keppel FELS, highlighted that the company has already delivered 49 KFELS B Class jack-up rigs and has another 17 on order.

The KFELS B Class jack-up rig is able to operate in water depths of up to 400 feet, drill to 30,000 feet deep and equipped with offline standbuilding capability.

Yao Chye Chiang, coo of Clearwater, said: “We continue to see strong demand for new high specification jack-up rigs as the industry continues its rig replacement trend. Even with the number of new jack-up rigs entering the market this year, more than half the existing rigs will be older than 30 years by 2015.”

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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