Keppel sees heavy demand for construction services

The Keppel AmFELS shipyard in Brownsville is experiencing a flurry of rig orders that will keep the facility occupied through at least the end of 2008.

Offshore staff

(Brownsville, TX)- The Keppel AmFELS shipyard in Brownsville is experiencing a flurry of rig orders that will keep the facility occupied through at least the end of 2008.

The company recently announced that it had received a fifth order from Scorpion Offshore's subsidiary Scorpion Intrepid Ltd. for a jackup rig valued at $143 million. All five jackup orders have been secured within nine months of Scorpion's execution of the first construction contract in May 2005.

Keppel AmFELS' Brownsville offshore yard is one of the best-equipped in the area, serving customers operating in the GoM and internationally. It is currently constructing four jackup rigs for Scorpion, namelyOffshore Courageous, Offshore Defender, Offshore Resolute and Offshore Vigilant. The new Scorpion rig will be named Offshore Intrepid and is scheduled for delivery in the fourth quarter of 2008.

Like the other four Scorpion jackups, the new rig will be a LeTourneau Super 116 design equipped with leg lengths of 477 ft, and capable of drilling wells up to 30,000 ft deep in water depths of 350 ft.

The yard is also building a KFELS Super B Class jackup rigOcean Scepter for Diamond Offshore, two accommodation platforms for Pemex and a sludge vessel for the City of New York.

The yard has also completed repair works on several Hurricane-affected rigs,Ocean Star for Diamond Offshore, GSF Arctic 1 for GlobalSantaFe, and it is in the process of completing the Transocean Marianas for Transocean.

Other ongoing repair and refurbishment projects include theENSCO 87 for ENSCO Offshore and Pride Oklahoma and Pride Tennessee for Pride International.

A wholly-owned subsidiary of Keppel Corporation through Keppel Offshore & Marine, Keppel AmFELS engages in the construction, refurbishment, conversion, life extension and repair of a complete range of mobile drilling rigs and platforms. Its comprehensive facilities include a drydock capable of docking the largest semisubmersible drilling units, and a modern steel processing plant.

02/10/2006

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