MAY 16, 2013 — Singapore's Keppel FELS shipyard has delivered a second KFELS B Class jackup rig to offshore Mexican oil field services company, Integradora de Servicios Petroleros Oro Negro (Oro Negro).

Named Laurus at Keppel FELS today, the rig was delivered eleven days early and with a perfect safety record.

Laurus is the second of two high-specification jack-up rigs that Keppel FELS has built for Oro Negro which will be chartered to PEMEX, Mexico's national oil company, for deployment in offshore Mexico. The first rig, Primus, was delivered in December last year.

Both rigs are managed by Houston headquartered Vantage Drilling.

Developed by Keppel's technology arm, Offshore Technology Development (OTD), the KFELS B Class jack-up design is able to operate in water depths of up to 400 feet and drill to depths of 30,000 feet. The robust rig incorporates Keppel's advanced and fully-automated high capacity rack and pinion jacking system, and Self-Positioning Fixation System. An environmentally-friendly rig, it provides maximum uptime with reduced emissions and discharges.

There are currently two KFELS B Class jack-up rigs in operation in Mexican waters - the Tonala rig operated by Peforadora Central and the Ocean Scepter rig operated by Diamond Offshore.

Keppel FELS is currently building two KFELS B Class jackup rigs for PEMEX as well as another four for Grupo R and two for CP Latina. Its sister yard, Keppel AmFELS in Brownsville, Texas recently delivered a jack-up rig to Perforadora Central last month with another due for delivery in 1Q 2014.

Mr. Wong Kok Seng, Managing Director (Offshore) of Keppel Offshore & Marine and Managing Director of Keppel FELS, said, "We have built a win-win partnership with Oro Negro and are pleased to deliver another rig to them ahead of time, safely and within budget. This delivery is the eighth by Keppel FELS this year, and in a year where we aim to deliver a record 20 rigs, highlights our abilities and commitment to meet the needs of our customers.

"Laurus is the second of 10 KFELS B Class jack-up rigs we are building for Mexican customers. It strengthens our track record as the leading provider of offshore drilling solutions for the Mexican market. In addition, we have delivered a number of significant projects to the region over the years and we look forward to continuing to support Mexico's E&P program with high quality offshore rigs."

Mr. Gonzalo Gil White, CEO of Oro Negro, said, "With the early delivery of Laurus, we now have two premium jack-up rigs ready to service PEMEX and the Mexican market. The country has a requirement for more of such rigs to fully exploit its offshore oil fields and the deployment of these two high-spec KFELS B Class rigs positions us well to meet this demand even as we look to grow our fleet.

"We are pleased that Keppel FELS has once again exceeded our expectations with this successful delivery. Even with the addition of variation works to meet PEMEX's requirements, Keppel FELS was able to deliver this rig 11 days ahead of schedule, allowing our customer the opportunity to deploy the rig earlier to expedite their exploration program."