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Keppel FELS Delivers First Rig of 2018 to Borr Drilling

Source: www.gulfoilandgas.com 1/5/2018, Location: Asia

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Wholly owned subsidiary of Keppel Offshore & Marine delivered the jackup rig, Saga, to Borr Drilling safely, on time and on budget. Built to Keppel's proprietary KFELS Super B Class design, Saga is the first of five jackup rigs that Keppel is building for Borr Drilling.

Chris Ong, CEO of Keppel O&M, says this is the 12th KFELS Super B Class rig and the 66th rig of the KFELS B Class family to enter the market.

The KFELS Super B Class rigs are designed to operate in 400 feet water depth and drill to 35,000 feet. With a two million pound drilling system and a maximum combined cantilever load of 3,700 kips, the KFELS Super B Class is equipped with tremendous horsepower during drilling operations.

"As the drilling market recovers, the quality and capabilities of our KFELS B Class designs would be important differentiators for rig owners seeking efficient and reliable operations," says Ong.

Simon Johnson, CEO of Borr Drilling, says, "Jackup utilisation is improving as we recover from the bottom of the business cycle. The market preferentially rewards contractors who invest in the latest designs from the best shipyards."

Shares in Keppel closed 3 cents lower at $7.77.

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