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Monday, 29 December 2014

Keppel AmFELS to build one of world’s largest land rigs for over US$100 million

Keppel AmFELS LLC, a US-based wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has won a contract valued at over US$100 million to build one of the world's largest land drilling rigs for a major operator.

Scheduled for delivery in mid-2016, Keppel AmFELS will be undertaking the engineering, procurement and construction of the rig. The rig will be capable of operating in harsh conditions.

Backed by comprehensive facilities and a highly-capable workforce, Keppel AmFELS has built up a strong track record in the construction, refurbishment, conversion, life extension and repair of a variety of drilling rigs.

The above contract is not expected to have a material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.


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5 comments:

  1. Time is so bad even deep sea marine animal is going onshore to find food.

    :-(

    ReplyDelete
  2. Haha. Luckily, they call themselves 'Keppel AmFELS LLC' and not 'Keppel Offshore & Marine LLC'.

    ReplyDelete
  3. Hi CW,

    Just receive client email stating that now that oil price is so depressed, we should revise our quotation with a lower price! Hahaha... Oh No....

    Land rig biggest still only 1/2 price of a typical jack up. Actually in Keppel people focus so much on rigs. Do we know that they do have Keppel Fels, Keppel shipyard and singmarine 3 divisions.

    Kepp shipyard convert FPSO in hundreds of mil also. A new build FPSO normally in Korea can be up to usd1b

    ReplyDelete
  4. Crude oil prices tumbled on Monday, with Brent and U.S. crude hitting their lowest levels since May 2009, reversing early gains on selling by investors convinced that supply disruptions in Libya would not offset a global supply glut.

    U.S. crude settled down $1.12, or 2.1 percent, at $53.61 per barrel, its lowest closing price since May 1, 2009. Brent crude was last down $1.60 to $58 per barrel, after hitting a session low of $57.61, the lowest since May 26, 2009.

    ReplyDelete

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