Keppel: Another Rig Delivered on Time

Keppel AmFELS has delivered its second jackup for Scorpion Offshore on time and within budget.

The delivery of Offshore Defender comes just five months after Keppel AmFELS completed its first jackup for Scorpion earlier this year.

A newly established drilling company, Scorpion has contracted Keppel AmFELS to build a fleet of five drilling rigs. Construction of the remaining three is progressing well on track, and the rigs are scheduled for delivery through 2008 to 2009.

Offshore Defender was christened by Mrs. Brenda B. Harvey, wife of Scorpion's Director, Michael L. Harvey, at the Keppel AmFELS yard in Brownsville, Texas on November 10, 2007.

Mr. Tong Chong Heong, Managing Director and COO of Keppel O&M said, "Keppel AmFELS has the experience and expertise to fulfill its commitment to its customer to construct and deliver a high quality premium jackup drilling rig within a tight schedule. This is no mean feat, especially during this period when labor and materials are very tight."

Mr. Tong, who is also the Chairman of Keppel AmFELS, continued, "At Keppel, we recognize that an organization is only as good as its employees. We have been able to deliver high standard products and services because our people are adequately trained and equipped. That is why we continuously develop various industrial training programs and schemes at the Keppel AmFELS Training Center to enhance the skills of our employees."

In 2007, Keppel AmFELS invested close to US$3 million for the training and development of its workforce. Recognizing Keppel AmFELS's commitment to the training of new and existing employees, the Texas Workforce Commission has recently awarded Keppel AmFELS and four other companies a total of US$733,538 for the creation and upgrading of skill-related jobs.

Located in Brownsville Texas, Keppel AmFELS is one of the best-equipped offshore yards in the area, serving customers operating in the Gulf of Mexico and internationally.

In addition to the construction of the Scorpion rigs, Keppel AmFELS is currently building a jackup each for Diamond Offshore, Atwood Oceanics and Perforadora Central. It has just secured an order of four jackups from Rowan Companies.

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