Keppel FELS Wins Contract to Build Two Jackup Rigs from Pemex
Keppel FELS, the rigbuilding arm of Keppel Offshore and Marine, will build two KELS-B Class proprietary jackups worth $420 million for a subsidiary of Mexico's national oil company, Petroleos Mexicanos (Pemex).
In a statement released late Wednesday, the company said that both of the rigs are scheduled to be delivered to Pemex Exploracion y Produccion in 1Q 2015 from Keppel FELS Singapore yard.
Maybank Kim Eng's investment analyst Yeak Chee Keong noted in an offshore sector update in November that Keppel O&M will continue to enjoy pricing power in the current competitive offshore environment, given the tightening rig market and the company's reputation as a premium and reliable yard.
"We are seeing more enquires from Mexico for new rigs and we believe that our FELS B Class jackup design is well suited to meet the requirements of the Mexican market," Keppel O&M's and Keppel FEL's Managing Director Wong Kok Seng said in the statement.
Last week, Sembcorp Marine – the second largest rig builder in Singapore – secured two turnkey contracts, worth $434 million, for the construction of two rigs from Mexico's Integradora de Servicios Petroleros Oro Negro. The latter also took delivery of the first of two KELS B-Class jackups from Keppel FELS.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.