Keppel FELS Delivers Jackup to CP Latina

Keppel Corporation's subsidiary Keppel FELS delivered a KFELS B Class jackup to Constructora y Perforadora Latina (CP Latina), a private Mexican exploration and drilling services company .

The jackup, named La Santa Maria (400' ILC) at a ceremony in Keppel FELS yard Friday, will be chartered to Mexico’s national oil company Petroleos Mexicanos (PEMEX) for deployment offshore Mexico. The jackup is the first of 2 high-specification jackups that Keppel FELS is building for CP Latina, with the second scheduled for delivery in 4Q 2013.

“This on time and safe delivery is a demonstration of the win-win partnership we have developed with our new customer CP Latina. We are glad that they have chosen the KFELS B Class as their first 2 jackups. The premier rig of its class, the KFELS B Class has a proven track record in the Gulf of Mexico," Wong Kok Seng, managing director (Offshore) of Keppel Offshore & Marine and managing director of Keppel FELS, said in a press release.

“La Santa Maria is the third such rig Keppel FELS has delivered to Mexican customers since 2012. With another 9 on order, we are well placed to be the leading provider of offshore drilling solutions for the Mexican market,” Wong added.

The KFELS B Class jackup, design by Keppel's technology arm Offshore Technology Development (OTD), will be able to operate in water depths of up to 400 feet and drill to depths of 30,000 feet.

“We chose the KFELS B Class for its excellent track record, strong capabilities and cost-efficiencies. We were also looking for a rig that could be delivered to our timeline and this early delivery has shown that Keppel FELS is the right partner for us. As we look to expand our drilling services portfolio, the acquisition of 2 such rigs is a strong base for us to establish a foothold in the Mexican offshore market. We are confident that the second rig Keppel is building for us will be delivered just as efficiently, enabling us to meet the demands of the market,” Santiago del Valle Toca, Chairman of CP Latina, said in the same release.

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