Keppel FELS, a subsidiary of Keppel Corporation Limited's unit Keppel Offshore & Marine, held a naming ceremony Friday at its Singapore shipyard for a second KFELS B Class jackup delivered to Mexico's offshore oil field services company Constructora y Perforadora Latina (CP Latina).
The jackup, built at a cost of $215 million (SGD 270 million), was named La Covadonga (400' ILC) and delivered ahead of scheduled. La Covadonga will be enroute shortly to Mexico to support operations of the country's national oil firm Petroleos Mexicanos (Pemex).
"We think ... that once the energy reform (in Mexico) passes, then ... the deep water play in Mexico is going to come about very strong ... and that is the reason why we are in Mexico and why we have decided to make the investment in the shipyard jointly with Pemex over there," Chow Yew Yuen, chief operating officer of Keppel Offshore & Marine, told Singapore's media Channel News Asia at the naming ceremony.
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