Jasper commits to KFELS jack-up

Jasper Investments has ordered a KFELS B Class jack from Keppel FELS, under a contract valued at $180 million.

Dec 27th, 2010


Offshore staff

SINGAPORE – Jasper Investments has ordered a KFELS B Class jack from Keppel FELS, under a contract valued at $180 million. Delivery is due during the second half of 2012.

Jasper has an option for a second rig, which if exercised, would lift the total contract value to around $365 million.

This is Keppel FELS’ fourth in the past month for its proprietary KFELS B Class design. Jasper’s unit will be able to operate in water depths of 400 ft (122 m), drill to subsurface depths of up to 30,000 ft (9,144 m), and accommodate 150 personnel.

Geoffrey Yeoh, Executive Director of Jasper, said: “As confidence returns to the global oil and gas industry, we are stepping up our building program to tap into opportunities fuelled by persistent demand for new-generation, high-capability rigs.”

12/28/2010

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