Offshore staff

Keppel FELS Ltd. has its fourth order from India for a KFELS B Class jackup rig. Valued at $182 million, this rig is for the Great Eastern Shipping Co. Ltd. Group.

This will be G.E. Shipping's first new-build drilling rig and is scheduled for delivery by 4Q09. It is being built for water depths of up to 350 ft, upgradeable to 400 ft.

"The exploration and production sector is developing rapidly. We want to be able to meet this growth, both in the Indian market as well as globally," said K.M. Sheth, executive chairman of G.E. Shipping.

"The growing number of rig orders for our KFELS B Class design demonstrates its strength as the rig of choice for trend-setting oil companies and drilling contractors," said Tong Chong Heong, managing director and COO of Keppel Offshore & Marine.

6/15/06