December 18, 2014 7:45 AM ET

Energy Equipment and Services

Company Overview of Keppel FELS Limited

Company Overview

Keppel FELS Limited engages in the design, construction, and repair of 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...

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: 64
Financial Controller
Acting Executive Director of Operations
Chairman of Keppel Offshore & Marine and Chief Executive Officer of Keppel Corporation
Age: 66
Chief Executive Officer of FELS Brasil and President of FELS Brasil
Compensation as of Fiscal Year 2014.

Keppel FELS Limited Key Developments

Keppel FELS Limited Secures Contract from BOT Lease Co., Ltd

Keppel FELS Limited has secured a contract from BOT Lease Co. Ltd. (BOTL) for a KFELS Super B Class jackup rig worth about $240 million. The KFELS Super B Class is an innovative solution for drilling rigs that can operate in deeper depths and at higher temperature and pressure levels. The KFELS Super B Class design has a drilling depth of 35,000 ft. This rig's leg structure is uniquely designed to provide enhanced robustness for operations at 400 ft water depth. The rig, adapted to JDC's operating philosophy, is engineered to operate in high ambient temperatures and can accommodate 150 personnel onboard. It features an offline stand building capability to handle drill pipes efficiently, a high capacity hook load of 2 million pounds, boosting overall rig performance and productivity.

Keppel FELS Limited Secures Fifth Jackup Contract from Gulf Drilling for $227 Million

Keppel FELS Limited has secured a contract from Gulf Drilling International Ltd. of Qatar to build a repeat high- specification KFELS B Class jackup rig worth $227 million. As part of the contract, GDI has options for two more KFELS B Class rigs for deliveries in 2017. On the new jackup, to be named Halul, Keppel FELS has already begun preparations for its scheduled delivery in first quarter of 2016 during the course of discussions with GDI. Upon delivery, Halul will be chartered to Qatar Petroleum for five years.

Keppel FELS Limited Secures Contract from TS Offshore Limited to Construct Ultra-High Specification Jackup Rig Worth About USD 500 Million

Keppel FELS Limited has secured a contract from TS Offshore Limited, to construct an ultra-high specification jackup rig worth about USD 500 million. Scheduled for delivery in first quarter of 2017, it will be the first jackup built to Keppel's new proprietary KFELS N Plus design. With its leg measuring 678 feet or about 68 storeys tall, and a maximum combined drilling load of 3,860 kips, the KFELS N Plus is able to meet stringent operating requirements for the most challenging wells. It can work at a maximum water depth of 500 feet, drill to depths of 35,000 feet, and is equipped with a 100 feet cantilever outreach. When delivered, it is expected to be deployed in the Eastern China Sea but will also have provisions built in to enable the rig to operate in the North Sea.

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