Asia

Keppel FELS secures $300m of new contracts

 

Singapore: Keppel FELS has secured three contracts worth a combined $300m from repeat customers.

The contracts are for the construction of a KFELS B Class jackup rig from Star Drilling Pte Ltd, a Singapore-based company promoted by the companies of D.P. Jindal Group; the upgrading of the semisubmersible ENSCO 5006 for Ensco; and the upgrading of the semisubmersible Ocean Patriot for Diamond Offshore.

Raghav Jindal, managing director of Indian firm Jindal, said, “India is enlarging its sphere in the global oil and gas industry and pushing to reduce its dependence on oil imports. These factors present tremendous opportunities for exploration and production activities and Jindal is well positioned with high specification rigs to meet this demand.”  [27/02/13]

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