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Sunday, 1 June 2008

Keppel FELS to build 6th ENSCO semisubmersible rig worth US$537 million


Keppel FELS to build 6th ENSCO semisubmersible rig worth US$537 million

Keppel FELS secures order for a US$512 million rig from ENSCO

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured a contract to build a US$512 million ultra-deepwater semisubmersible (semi) drilling rig from a subsidiary of ENSCO International Incorporated (ENSCO).

To be delivered in the second half of 2011, the ENSCO 8504 will be the fifth consecutive semi that Keppel FELS is constructing for ENSCO.

Wow! Both Kep and SML are still getting more orders at higher price, probably, to offset higher cost. They are not squeezed by their customers.

I think Kep will breakout on Monday liao. Last Friday, closing with doji near resistance line. Keep up, Kep. Cheers!

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