02 Feb 2008

Keppel completes two offshore facilities for Maersk Contractors

Keppel Offshore & Marine Limited (Keppel O&M) through its wholly-owned subsidiaries, Keppel FELS Limited (Keppel FELS) and Keppel Shipyard Limited (Keppel Shipyard), has completed two offshore facilities for Maersk Contractors.

The first project is a jackup drilling rig built by Keppel FELS. Of the MSC CJ 50 design, the jackup rig which was named Maersk Resilient by Mrs Susanne Hemmingsen, wife of Mr Claus Hemmingsen, Partner in AP Moller and CEO of Maersk Contractors, on 30 January 2008 at a ceremony held at the Keppel FELS yard.

With maximum operating and drilling depths of up to 350 feet and 30,000 feet respectively, Maersk Resilient has been contracted by Dubai Petroleum Establishment for drilling operations off of coast of Dubai in the Arabian Gulf.

It is the first of four jackups to be completed for Maersk Contractors. Delivery of the rigs has been scheduled on half-yearly intervals.

The second project, by Keppel Shipyard, is the complex conversion of the former, 308,000 dead weight tonne VLCC Ellen Maersk into a Floating Production Storage and Offloading facility (FPSO).

The facility was named Maersk Ngujima-Yin in a separate ceremony graced by Mrs Lim Hwee Hua, Singapore Minister of State for Finance and Transport, on 2 Febuary 2008. Mrs Kim Spence, wife of Keith Spence, Woodside Energy‘s Executive Vice President for Enterprise Capability is the godmother of the vessel.

The FPSO will be deployed in the Vincent field, offshore Australia. It is capable of handling a daily production capacity of 120,000 barrels of oil per day and has a storage capacity of 1.2 million barrels of oil. The vessel will be moored at a water depth of 320 to 420 metres.

Mr Claus V. Hemmingsen, CEO of Maersk Contractors, said, “We are glad to partner Keppel O&M for our recent expansion plans. The Keppel and Maersk project teams have worked hard to complete these highly efficient and technically advanced projects. We now look forward to proving their qualities in operation.”

Mr Choo Chiau Beng, Chairman and CEO of Keppel O&M said, “We are pleased that Maersk Contractors continues to choose Keppel as their partner of choice to participate in their offshore fleet expansion programme. We are committed to deliver on our promise to our valued customer, and I thank Maersk Contractors for their vote of confidence in us.”

Keppel FELS and Keppel Shipyard are wholly-owned subsidiaries of Keppel Corporation Limited, through Keppel O&M, a leader in offshore rigs, shiprepair and conversion and specialised shipbuilding. Keppel O&M’s near market, near customer strategy is bolstered by a global network of 20 yards in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner in solutions for the offshore and marine industry.

Maersk Contractors is part of the A.P. Moller - Maersk Group and is a significant drilling contractor and supplier of floating production solutions. The fleet counts 26 drilling rigs and four FPSOs including five high efficiency jack-up rigs, three deepwater development semi-submersibles and one FPSO vessel under construction. Maersk Contractors employs an international staff of 3,500 well-trained people.

For further information, please contact

Ivana Chua
Assistant Manager
Keppel Group Corporate Communications
Tel: (65) 64136 436
Mobile: (65) 92391 423
Email: ivana.chua@kepcorp.com

Attachments:

Maersk Resilient

Maersk Ngujima-Yin was named by Lady Sponsor, Mrs Kim Spence on 2 Febuary 2008 at Keppel Shipyard at a ceremony graced by Mrs Lim Hwee Hua, Singapore Minister of State for Finance and Transport.

Maersk Ngujima-Yin

Maersk Resilient was named by Mrs Susanne Hemmingsen, wife of Mr Claus Hemmingsen (second from right), Partner in the Firm AP Moller and CEO of Maersk Contractors, on 30 January 2008 at Keppel FELS. Accompanying her are Mr Choo Chiau Beng (second from left), Chairman/CEO of Keppel O&M and Mr Tong Chong Heong, MD/COO of Keppel O&M.