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Keppel Fels snares $512m Ensco rig order
Wednesday, 07 May 2008

Keppel Fels (KepFels) has won a US$512 million contract for an ultra-deepwater semi-submersible drilling rig from oil drilling major Ensco. The Ensco 8504 will be the fifth semi-submersible being built by the KepFels for Ensco and is scheduled to be delivered in the second half of 2011. Keppel Corp owns KepFels through Keppel Offshore & Marine (Keppel O&M).
'We see the deepwater market as a significant catalyst for our future growth and expanding our deepwater fleet to meet the sustained market demand,' said Ensco chairman, president and chief executive officer Daniel Rabun. 'We are very pleased that all five of our new Ensco 8500 series semi-submersible rigs are being built by KepFels. Having constructed all our recent new-build jack-ups, KepFels has been the largest contributor in helping us create our premier rig fleet.'

Source: Sea Trade Asia