September 30, 2014 10:20 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. Keppel FELS Limited 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 ...

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 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.

Keppel FELS Limited Secures Contracts to Build Three High-Specification KFELS B Class Jackup Rigs

Keppel FELS Limited has secured contracts to build three high-specification KFELS B Class jackup rigs worth about $650 million from new customer Fecon International Corp. (Fecon). Backed by experienced industrial entrepreneur, A.P. Dobrov, Fecon is a new player to the offshore oil and gas industry, and is targeting the growing offshore drilling markets of Africa, Middle East, and Southeast Asia. In addition, Fecon's leadership team has extensive connections, experience and knowledge of working in Russia and has identified offshore drilling in Russia as a strategic market with good growth opportunities. The three rigs are scheduled to be delivered progressively within second half of 2016. The cost-effective and high-performance KFELS B Class rig is able to operate in water depths of up to 400 feet and drill to 30,000 feet deep. Customised to Fecon's requirements, the three jackup rigs will each have a full 15,000 psi BOP system, 75- feet cantilever outreach and be able to accommodate 150 persons.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Keppel FELS Limited, please visit www.keppelom.com/en/content.aspx?sid=2537. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.