Financial News - 19 MAR 2010: Keppel delivers Floatel Superior 43 days early

Keppel delivers Floatel Superior 43 days early. See report.

Key Points

• Keppel FELS Limited (Keppel FELS) has delivered the semisubmersible accommodation rig, Floatel Superior, 43 days early, safely and within budget to Floatel International (Floatel). The vessel is now ready to commence operations.
• Floatel Superior will depart Singapore shortly for Bayu Undan in the Timor Sea where she will commence her maiden charter contract for ConocoPhillips Australia following 14 days of transit on her own propulsion.
• The construction of Floatel’s second accommodation rig, Floatel Reliance, is progressing well at Keppel FELS. She is on track for delivery in the second half of 2010.