KEPPEL and TS Offshore in $500m Jackup Contract

The KFELS N Plus rig, the first of its design, is scheduled for delivery in Q1 2017. The rig will feature 678m legs, will be able to operate in water depth of 500ft, and drill to depths of 35,000ft. The rig is slated for
deployment in the Eastern China Sea, but will also be capable of operation in the North Sea. "The KFELS N Plus rig is a robust and cost-efficient rig with distinctive safety and operational features,” said Xiong Shaohui, TS Offshore chairman. “It is one of the world's most advanced rigs of its class with better drilling capabilities, a superior cantilever load performance, a larger deck space, a higher variable load and enhanced accommodations. We are confident it fills the gap for ultra-high specification rigs needed in the
Eastern China Sea or almost anywhere in the world with a need for high specification and deepwater jackup rigs.”

Wong Kok Seng, MD of Offshore at Keppel O&M and md of Keppel FELS said, "We are delighted that TS Offshore has chosen to build their rig for the Eastern China Sea to our ultra-robust and ultra-high specification KFELS N Plus design. This rig is the combination of Keppel's unique experience in designing and building rigs both for the North Sea as well as other parts of the world. It has the versatility to operate efficiently in the deeper waters of the Eastern China Sea as well as areas where the operating foundation conditions pose considerable installation challenges.”