Jasper options a second high-spec jackup from Keppel for $180MM

Source: Keppel

Jasper Investments Limited has exercised its option with Keppel FELS Limited to build a second KFELS B Class jackup rig at US $180 million for delivery in the first half of 2013.

The single-rig option was given to Jasper when the customer ordered its first jackup from Keppel FELS in December 2010. 

Wong Kok Seng, Managing Director of Keppel FELS, said, "Including this latest contract from Jasper, we have secured 17 jackup rigs since November last year. Of these, 14 are proprietary Keppel designs. These include 10 KFELS B and Super B Class rigs."

Similar to its first jackup rig, Jasper's latest unit will be able to operate in water depths of 400 feet, drill 30,000 feet deep and accommodate 150 men. 

Geoffrey Yeoh, Executive Director of Jasper, said, "With rapidly increasing demand in the market for safer and more capable rigs, this is the opportune time to expand our fleet and increase our solutions for the offshore industry." 

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

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