Keppel FELS Holds Naming Ceremony for Grupo R's Three Newbuild Jackups

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Singapore's Keppel Corp. Ltd.'s unit Keppel Offshore & Marine Ltd (Keppel O&M), reported Saturday that it is on track to deliver three KFELS B Class jackups to Mexican company, Grupo R, safely, on time and on budget.

A world's first triple rig naming ceremony was held today at Keppel FELS' yard with Chan Chun Sing, Singapore's Minister in Prime Minister's Office and Secretary-General of the National Trades Union Congress as the Guest of Honor.

Built to Keppel's proprietary KFELS B Class design, the three identical rigs were named CANTARELL I (400' ILC), CANTARELL II (400' ILC) and CANTARELL III (400' ILC), after the Cantarell oil field in offshore Mexico. They are the first three of five rigs that Keppel FELS is building for Grupo R.

Speaking at the ceremony, Chan said, "Keppel's achievement on the naming of these three rigs underscores Singapore's capabilities as a world leader in rig building. To continually sharpen Singapore's competitive edge, the Government will continue to collaborate actively with the industry in R&D, productivity improvements and skills training.

"I am also happy to note that Keppel's success is also a result of the strong labor-management relations that has been nurtured over the past 32 years with the union. The trust shared between the company and the union has resulted in high employee morale, conducive working environment, and increased productivity and quality."

Chow Yew Yuen, CEO of Keppel O&M, added, "We are pleased to name the first three of five rigs for Grupo R with delivery on track in a timely and safe manner. We have reaped synergies from working on five rigs at one time to maximize resources and improve efficiencies in the construction process. This is extremely helpful especially when we will be delivering 15 rigs this year which is the second highest number of deliveries in a year.

"When delivered, the three rigs named today will make it 11 KFELS B Class rigs working in Mexico. It is the dominant rig design in the region, with those already in operation turning out robust, efficient and economical, performances for Mexico. Besides two more rigs for Grupo R, we currently also have another two under construction for Mexican customers."


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