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Friday, 7 October 2011

Keppel to build third Super A Class jackup for Ensco at US$245 million

Singapore, 7 October 2011 - Keppel FELS Limited (Keppel FELS) has secured a contract to build an enhanced KFELS Super A Class harsh environment jackup rig from Ensco plc (NYSE: ESV) for US$245 million. The rig is scheduled for delivery in 3Q 2014.


This contract arose from the exercise of an option which was part of Ensco’s order of two KFELS Super A Class rigs on 10 February 2011.

Mr. Dan Rabun, Chairman and CEO of Ensco plc, said, “Ensco’s new series of jackup rigs are enhanced versions of the KFELS Super A Class design that will provide increased levels of efficiency for customers. By building these new Super A Class jackups, we will continue Ensco’s tradition of delivering leading customer service with one of the largest and youngest premium jackup fleets in the world.

“Standardisation across our 11 KFELS design rigs improves reliability for customers as we benefit from more efficient construction, training, daily operations, inventory management, and repairs and maintenance.”

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