23 Dec 2013

Keppel FELS delivers second ultra harsh environment jackup rig to Ensco

Keppel FELS Ltd (Keppel FELS) has delivered ENSCO 121, the second ultra-premium harsh environment ENSCO 120 Series jackup rig, to Ensco plc (Ensco). Built to an enhanced version of Keppel's proprietary KFELS Super A Class design, the rig has been chartered for deployment in the North Sea.

Mr Wong Kok Seng, MD (Offshore) of Keppel Offshore & Marine and MD of Keppel FELS, said, "We are pleased to deliver ENSCO 121, our 18th newbuild rig for Ensco and our 20th for this year 2013. Over the years, we have established a strong and long standing relationship with Ensco based on mutual trust and understanding. We are committed to continue to support Ensco in growing its fleet and delivering all our projects for Ensco to their highest satisfaction."

Capable of operating in water depths of up to 400 feet, ENSCO 121 is the second of four in the ENSCO 120 series of rigs that Keppel FELS is building for Ensco. Featuring Keppel's proprietary and superior jacking and fixation system, the KFELS Super A Class jackup design can operate in a variety of environments. The rig is designed to drill to depths of 40,000 feet for the most demanding large multi-well platform programmes, ultra-deep gas programmes and ultra-long reach wells.

The third rig in the series, ENSCO 122, is expected to be delivered mid 2014 and has been contracted for multi-year terms in the North Sea. The fourth rig, ENSCO 123, is expected to be delivered by Keppel FELS in 2Q 2016.

Keppel FELS has delivered the first ENSCO 120 Series jackup, ENSCO 120, earlier this year. The rig is currently operating in the North Sea.

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About Ensco
Ensco plc (NYSE: ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. For more than 25 years, the company has focused on operating safely and going beyond customer expectations. Ensco is ranked first in total customer satisfaction with top honors in 10 of 16 categories in the latest annual survey by EnergyPoint Research. Operating one of the newest ultra-deepwater rig fleets and the largest premium jackup fleet, Ensco has a major presence in the most strategic offshore basins across six continents. In terms of dividend yield, Ensco is among the top dividend payers of S&P 500 Companies. Ensco plc is an English limited company (England No. 7023598) with its registered office and corporate headquarters located at 6 Chesterfield Gardens, London W1J 5BQ. To learn more, visit its website at www.enscoplc.com.

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, please visit www.keppelfels.com

For further information, please contact:

Media
Roy Tan
Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6421
Email: roy.tan@kepcorp.com