Keppel On Track to Deliver Another Super B Jackup

Keppel FELS Limited (Keppel FELS) is on course to deliver another KFELS Super B Class jackup drilling rig to repeat customer, Sinvest AS (Sinvest), a subsidiary of Aban Singapore Pte Ltd (Aban) on time and within budget.

The jackup drilling rig is the third of five KFELS Super B Class rigs that Keppel FELS is constructing for Sinvest. The first rig, Deep Driller 2, was delivered in April 2006 while the second rig, Deep Driller 3, was delivered six months later.

Mr Reji Abraham, MD of Aban, said at the recent naming ceremony: "Aban was glad to be the proud owner of five superb ultra premium jackup rigs. The KFELS Super B Class jack-up rigs are unique in their capability and flexibility to drill some of the most challenging wells that exist today. Deep Driller 5, much like Deep Driller 2 & 3 would be the most preferred rig for this segment. Keppel FELS has once again demonstrated their ability to deliver this high quality product, right on-time."

Commenting on their excellent relationship, Mr Michael Chia, Executive Director, Keppel FELS, said, "Deep Driller 5 is the third KFELS Super B Class we've delivered in 14 months to Sinvest. I am proud to say that she will be yet another on-time and on-budget delivery.

"All five Deep Driller rigs are built to the proprietary KFELS Super B Class design, a higher derivative of our successful B Class designs, of which we have delivered 15 to date. This speaks volumes about the market acceptance of our rig designs.

"Through this series of Super B Class rigs, we are happy and privileged to be part of Aban's plans to develop a world class fleet of drilling rigs. "

The KFELS Super B is a proven design, with Deep Driller 2 now working on its fourth well with zero down time and no loss time incidents in offshore Brunei Darussalam. Deep Driller 3 is also successfully operating in offshore Malaysia.

Rigs built to the KFELS Super B Class design are equipped with cantilever skid-off capabilities and high capacity hook load of two million pounds for operations in high temperature and high pressure wells.

Hailed as one of the world's deepest drilling rigs, the KFELS Super B Class rigs are capable of operating in water depths of up to 350 feet and high pressure high temperature deep drilling of down to 35,000 feet.

This design has been developed to meet the requirements of drillers for more powerful jackups as the search for hydrocarbons moves into harsher environments and deeper underground. It is an enhanced version of the KFELS B Class design.

Keppel FELS is a wholly owned subsidiary of Keppel Corporation, through Keppel O&M, a leader in offshore rigs, shiprepair and conversion and specialized shipbuilding. Keppel O&M's near market, near customer strategy is bolstered by a global network of 20 yards in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner in solutions for the offshore and marine industry.

Sinvest AS is an offshore rig-owning company listed on the Oslo stock exchange.

Aban Singapore Pte Ltd is a wholly owned subsidiary of Aban Offshore Limited to offer drilling services to large global oil and gas operators. The Group is India's largest offshore drilling entity in the private sector, offering world-class drilling and other services. The Group has a total of twenty offshore assets, which includes fifteen jack-up offshore drilling rigs, two drill ships, one floating production platform and a jack-up rig and drill ship each on bareboat charter.

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