Keppel Finalizes Contract with Diamond for Jackup Construction

Keppel FELS reports that the US$300 million contract for the construction of two KFELS B Class (Super) jackup rigs with subsidiaries of Diamond Offshore Drilling, Inc. has been signed.

This follows the Letter of Intent signed between the two companies and announced on May 3, 2005.

These two high-performance premium jackup rigs will be for 350-ft water depth, capable of drilling depths of up to 35,000 ft with a hook load capacity of two million pounds and a cantilever reach of 70 ft.

Under the agreement, the Ocean Shield will be constructed in Singapore, and the Ocean Scepter in Keppel AmFELS in Brownsville, Texas, USA.

Delivery of both units is anticipated to be in the first quarter of 2008.

Keppel FELS is the world leader in jackup rigs, having built over 60% of the world's fleet on order in the last decade. It is a wholly owned subsidiary of Singapore-listed Keppel Corporation Limited, through Keppel Offshore & Marine Ltd.

Diamond Offshore provides contract drilling services to the energy industry around the globe and is a leader in deepwater drilling. The Company's fleet of 45 offshore drilling rigs consists of 30 semisubmersibles, 14 jackups and one drillship.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
equipment operator
Expertise: Civil Engineering|Hydraulic & Pneumatic|Rig Instrument Tech
Location: Midland, 
Land Equipment Operator
Expertise: Heavy Machinery Operator
Location: Houston, TX
Gas Controller
Expertise: Planner / Scheduler
Location: Midland, 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours