May 02, 2016 4:33 AM ET

Energy Equipment and Services

Company Overview of Keppel FELS Limited

Company Overview

Keppel FELS Limited designs, constructs, and repairs mobile offshore drilling rigs for use in deep waters and harsh environments. It designs and builds new jackup rigs, semisubmersible drilling rigs, drilling tenders, drill ships, and floating production systems. The company also performs repairs, upgrades, and conversions for mobile offshore units, as well as emergency offshore repair operations. The company was formerly known as Far East Levingston Shipbuilding Limited and changed its name to Keppel FELS Limited in January 1997. The company was incorporated in 1967 and is based in Singapore. Keppel FELS Limited operates as a subsidiary of Keppel Offshore & Marine Limited.

Pioneer Yard 1

50 Gul Road

Singapore,  629351

Singapore

Founded in 1967

Phone:

65 6863 7200

Fax:

65 6261 7719

Key Executives for Keppel FELS Limited

Managing Director
Age: 65
Financial Controller
Chief Executive Officer and President of Brazil
Director, Chairman of Keppel Amfels, LLC, Chairman of Keppel Singmarine Pte Ltd and Chief Executive Officer of Keppel Offshore & Marine,
Age: 60
President of FloaTEC, LLC
Compensation as of Fiscal Year 2015.

Keppel FELS Limited Key Developments

Keppel FELS Limited Deliveres Two Jackup Rigs to Grupo R

Keppel FELS Limited has delivered two jackup rigs to Grupo R. Built to Keppel's proprietary KFELS B Class design, the rigs, CANTARELL I and CANTARELL II, will be chartered to PEMEX, Mexico's national oil company, for operations in the Cantarell oil field in offshore Mexico. They are the first two of five jackup rigs that Keppel FELS is building for Grupo R. With the two rigs delivered, there will be 10 KFELS B Class rigs working in Mexico, two of which are directly owned by PEMEX. It is the dominant rig design in the region, with those already in operation turning out robust, efficient and economical, performances for Mexico. The KFELS B Class jackup is designed to operate in water depths of up to 400 feet and drill to depths of 30,000 feet. Developed by Keppel's Offshore Technology Development (OTD), the KFELS B Class jackup is equipped with an advanced and fully-automated high capacity rack and pinion jacking system, and Self-Positioning Fixation System. It has accommodation with full amenities for 150 persons.

Transocean Ltd. Announces High-Specification Jackup Delivery Delay from Keppel FELS

Transocean Ltd. announced a mutual agreement with Keppel Offshore & Marine Ltd.'s shipyard, Keppel FELS, to defer the delivery and related payments of five high-specification jackups until 2020. The Super B 400 Bigfoot Class jackup drilling rigs are now scheduled to be delivered in two and three month intervals beginning in the first quarter of 2020.

CDC Chooses Keppel FELS Limited as Contractor

Keppel FELS Limited has been chosen as the contractor of the rig construction, with which the CDC signed an agreement for the construction work last June. The new rig will be designed to drill wells up to 8,000 meters at the depth of 1,000 meters. The new rig can be commissioned in early 2017.

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