17 Feb 2013

Keppel FELS delivers another jackup rig ahead of schedule

Keppel FELS Limited (Keppel FELS), a wholly owned-subsidiary of Keppel Offshore & Marine (Keppel O&M), has delivered the jackup rig UMW Naga 4 to UMW Oil & Gas Corporation Sdn. Bhd., a wholly-owned subsidiary of the UMW Group. It was completed five days ahead of schedule, on budget and with a perfect safety record.

UMW Naga 4 is the fourth consecutive rig that Keppel FELS has delivered ahead of schedule this year.

At the handover ceremony held on 16 February 2013 at Keppel FELS, Mr Chow Yew Yuen, Chief Operating Officer of Keppel O&M said, "In a year where Keppel FELS targets to deliver a record 20 rigs, we remain committed to every delivery to go beyond our customer's expectations and provide value-added services. We are continually innovating and improving our processes to increase productivity and safety."

UMW Naga 4 is built to Keppel's proprietary KFELS B Class design which is today the industry standard for modern jackup rigs. With another 16 KFELS B Class/Super B Class rigs on order, it reflects the strong market demand for the design.

Mr Chow added, "With a strong focus on technology, we work closely with customers to develop innovative and cost-effective solutions for today's market. We are glad to have new customer UMW choose the KFELS B Class as their preferred rig design. It is ideally suited to meet the current shortage of high specification rigs needed for shallow water fields and can be deployed in many parts of the world."

Developed by Keppel's jackup rig design arm, Offshore Technology Development, the KFELS B Class rig is able to operate in water depths of up to 400 ft with a drilling depth of 30,000 ft. It incorporates Keppel's advanced and fully-automated high capacity rack and pinion elevating system and self-positioning fixation system. In 2009, the design received the Prestigious Engineering Achievement Award from the Institution of Engineers Singapore for its environmentally-friendly features.

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About UMW
UMW is a leading industrial enterprise with diverse and global interests in the automotive, equipment, manufacturing and engineering, and oil and gas industries. The UMW Group has expanded beyond Malaysian shores; we now also have an international presence in Singapore, Indonesia, Thailand, Myanmar, Vietnam, Papua New Guinea, Australia, Taiwan, China, India, Oman and Turkmenistan.

In 2002, UMW established the Oil & Gas Division as one of the core businesses of the UMW Group, to tap the vast potential of the industry. UMW's entry into the oil and gas sector has been through an assorted portfolio of greenfield investments and acquisitions. Our strategic business alliances and aggressive expansion facilitated our rapid progression as a recognised player in the Malaysian oil and gas industry.

We complement the robust upstream activities of the oil and gas industry, through five main businesses:
• Drilling Operations
• Oilfield Services
• Manufacture of Pipes
• Fabrication
• Oilfield Products

About Keppel FELS
Keppel FELS is a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned company of Keppel Corporation Limited. Keppel FELS is a leading designer, builder and repairer of high-performance mobile offshore rigs. Its portfolio of proprietary designs and floating production solutions meets a broad spectrum of operating requirements, including deep waters and harsh environments.

As a group, Keppel O&M is also a leader in ship repair and conversion, and specialised shipbuilding. Its near market, near customer strategy is bolstered by a global network of 20 yards and offices 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 for solutions for the offshore and marine industry. For more information on Keppel FELS, visit www.keppelfels.com

For further information, please contact:

Media
Roy Tan
Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 64136 421 / 96225230
Email: roy.tan@kepcorp.com