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Saturday, 30 November 2013

Keppel FELS' offshore rig named La Covadonga

Keppel FELS held the traditional naming ceremony of its second oil rig delivered to offshore Mexican oil field services company CP Latina on Friday.

 
SINGAPORE: Keppel FELS held the traditional naming ceremony of its second oil rig delivered to offshore Mexican oil field services company CP Latina on Friday.

The offshore rig, valued at S$270 million, was named La Covadonga, and was delivered ahead of time and with a perfect safety record.

It will soon make its way to Mexico to support operations of Mexican national oil company Petroleos Mexicanos (PEMEX).

The successful completion indicates strong collaboration between Keppel and CP Latina, as well as the rig-builder's intentions to expand business operations in the Mexican region.

Chow Yew Yuen, chief operating officer of Keppel Offshore & Marine, said: "We think Mexico at this point in time... with the energy reform that is going through Congress right now, we think that once the energy reform passes, then actually the deep water play in Mexico is going to come about very strong... and that is the reason why we are in Mexico and why we have decided to make the investment in the shipyard jointly with PEMEX over there."

La Covadonga is the fourth offshore rig completed by Keppel FELS for Mexico since 2012, with orders to build another eight of such rigs for Mexican customers through to 2015.
 

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