Keppel FELS Makes it 66 With Latest Jack-Up Rig Order

Keppel designed jack-up rigs. File photo via Keppel FELS

Singapore-based rig builder Keppel FELS announced today they have secured their 66th jack-up rig newbuild contract since 2000.  Uruguayan firm, Parden Holden ordered the latest rig at a contract price of $206 million with a scheduled delivery date of Q4 2015.

Once delivered, this KFELS B-Class rig will be aimed at drilling operations offshore Mexico and have the ability to drill in water depths up to 400 feet with accommodations for up to 150 rig workers.

Keppel notes that this is their 12th newbuild jack-up rig ordered for the Mexican market since 2012.

Mr Wong Kok Seng, Managing Director (Offshore) of Keppel O&M and Managing Director of Keppel FELS said, “We are glad to be able to support Parden Holding with their very first high specification jackup rig as they aim to penetrate the offshore oil and gas market in Mexico.”

Mr Panaretos Lagos, CEO of Parden Holding said, “Even with the number of new rigs being ordered, we continue to see strong demand for high specification jackup rigs in the Gulf of Mexico as the country looks to increase its production of oil and gas. Having a proven rig like the KFELS B jackup will enable us to seamlessly service the demands of the Mexican offshore drilling industry.”

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