Grupo R Orders Jackup from Keppel FELS

Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), announced that it has bagged a contract to build a jackup worth $206 million from Mexican drilling company Grupo R.

The jackup - which will be built to Keppel's proprietary KFELS B Class design - is scheduled for delivery in 4Q 2015 and will join the fleet of four similar jackups that Keppel FELS is building for Grupo R.

"We are delighted that Grupo R has chosen to build another jackup of the KFELS B Class design with us. It is an affirmation of their confidence in our rig designs as well as our project execution capabilities. The KFELS B Class is an industry leading jackup design with a proven track record in the Gulf of Mexico," Wong Kok Seng, managing director (Offshore) of Keppel O&M and managing director of Keppel FELS said in a press release.

"With this order, there will be 65 KFELS B Class rigs in the market by 2015, of which some 13 rigs are for Mexico. We are glad to be able to support Mexico's exploration of its offshore energy reserves and look forward to providing them with on time, on budget and safe deliveries."

The jackup, which will be customized to Grupo R's requirements, will be equipped to operate in water depths of up to 400 feet and drill to depths of 30,000 feet.

"Mexico is aiming to boost oil production through increased exploration and production with Petróleos Mexicanos looking for a number of new high specification rigs that can optimize their operations. The addition of this premium jackup to the four KFELS B Class jackups we ordered earlier will enable us to meet their requirements and strengthen our position as the leading player in Mexico's drilling industry," Ramiro Garza Vargas, CEO of Grupo R said in the press release.

"Building repeat rigs in a leading yard like Keppel FELS will ensure standardization of high quality rigs delivered safely and on time for our customers. We are also able to reap efficiencies in the construction, training, daily operations and maintenance."


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