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Keppel signs agreement with Atwood for a jackup rig order

Posted: 13 February 2006
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Keppel AmFELS has signed a Letter of Intent with a wholly-owned subsidiary of Atwood Oceanic for the construction of a new jackup rig, due for delivery in third quarter 2008.

The rig is based on the LeTourneau Super 116 design and is subject to additional modifications and final specifications in definitive agreements with Atwood.

A wholly-owned subsidiary of Keppel Corporation through Keppel Offshore & Marine, Keppel AmFELS engages in the construction, refurbishment, conversion, life extension and repair of a complete range of mobile drilling rigs and platforms. Its comprehensive facilities are first class, including a drydock capable of docking the largest semisubmersible drilling units, and a modern steel processing plant.

Atwood is a New York Stock Exchange listed company. The company engages in international offshore drilling and completion of exploratory and developmental oil and gas wells as well as related support, management, and consulting services.



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