Keppel FELS Enters Mid-East Offshore Market

Keppel Corporation Limited has successfully penetrated the Middle East offshore market as a result of the integration of its offshore and marine businesses under its wholly owned subsidiary Keppel Offshore & Marine.

For the first time, Keppel O&M's shipyard, Arab Heavy Industries PJSC in Ajman, UAE, carried out the repair of a jackup drilling rig, the Ekhabi, and completed it successfully to the satisfaction of its owner.

Amid stiff competition, AHI won the repair job on the Ekhabi, which was working in the Persian Gulf for its owner, FEMCO. From Singapore, Keppel FELS supported and worked with AHI on the execution of the repair job for the rig.

"This is one of the fruits of our offshore and marine integration which allows us to immediately share and transfer our expertise among our shipyards around the world. "The bundling of services enhances the capabilities of each of our yards to offer a fuller range of cost-effective and value-added products and services to our customers right at their doorstep," said Mr. Tong Chong Heong, Managing Director and Chief Operating Officer of Keppel O&M.

"With the completion of the Ekhabi project, AHI has gained a foothold in the rig repair market in the Middle East. I am confident that going forward, it will be able to take on more of such projects," he added.

Already in the bag is another contract for a major repair on Foresight Driller V. AHI expects to complete the repairs and deliver her by October 2002.

Both Ekhabi and Foresight Driller V were constructed by Keppel FELS in 1984 and 1980 respectively.

AHI, jointly owned by Keppel, the Ajman Government and the Al Futtaim Group, boasts of a new 250m Al Zora wharf, which was constructed specifically for jackup rigs, with adequate facilities and substantial adjacent lay down areas which are essential for major rig upgrades and repairs.