Singapore: Keppel FELS has secured contracts to build three KFELS B Class jackup rigs worth about $650m from new customer Fecon International Corp.
Backed by industrial entrepreneur, A.P. Dobrov, Fecon is a new player to the offshore oil and gas industry, and is targeting the growing offshore drilling markets of Africa, Middle East, and Southeast Asia. In addition, Fecon’s leadership team has extensive connections, experience and knowledge of working in Russia and has identified offshore drilling in Russia as a strategic market with good growth opportunities.
The three rigs are scheduled to be delivered progressively within the second half of 2016.
A.P. Dobrov noted, “There is a need for more high specification jackup rigs as the replacement cycle continues and we believe the robust KFELS B Class rig will be the most efficient rig in the greatest number of locations.” [14/02/14]