10 Feb '11, 11am

[CNA] Keppel FELS wins US$440m contract

SINGAPORE : Keppel FELS, a unit of Keppel Corp, has won a contract worth US$440 million to build two jack-up rigs. The orders were placed by a subsidiary of Ensco. The rigs are due to be delivered in the second and fourth quarters of 2013. As part of its contract with Keppel FELS, Ensco has options to order two more similar jack-up rigs. Mr Dan Rabun, chairman and CEO of Ensco Plc, said: "The new rig orders reflect our commitment to continually high-grade our fleet. Operators' requirements will continue to increase over time and it is Ensco's strategy and intention to maintain our position at the high-end of the premium jack-up market." The contract is not expected to have any material impact on the net tangible assets or earnings per share of Keppel Corporation for the current financial year. The jack-up rigs are from Keppel's Super A Class, which can operate in water dep...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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todayonline.com 13 Feb '11, 10pm

Singapore - Conglomerate Keppel Corporation's shipyard in Brazil has won two separate contracts, worth a total of 500 mill...