Keppel delivers North Sea-compliant dual-capability high-specification jack-up to Rowan - 24 OCT 2010

Keppel delivers North Sea-compliant dual-capability high-specification jack-up to Rowan. See press release. 

Key Points

• Keppel FELS Limited (Keppel FELS) has delivered the first of three KFELS N-Class jack-up rigs being built for Rowan Companies, Inc. (Rowan) (NYSE: RDC) safely, on time and within budget.
• Built to the proprietary KFELS N-Class design, this new-generation rig is the largest jack-up to be constructed in Singapore. This rig design is the brainchild of Keppel’s R&D arm, Offshore Technology Development (OTD), following Keppel’s extensive experience in constructing rigs for the North Sea region since 1985. The North Sea region is one of the world's toughest operating environments for offshore exploration and production.
• The rig was named the Rowan Viking at Keppel FELS today by Lady Sponsor, Mrs. Karen Russell, spouse of Mr. David Russell, Rowan’s Executive Vice President, Drilling Operations.
• Construction of the remaining two KFELS N-Class rigs, the Rowan Stavanger and the Rowan Norway, are on schedule with expected deliveries in 1Q and 2Q of 2011, respectively. In the US, Keppel AmFELS is currently constructing the remaining two of four Rowan EXL-Class jack-up rigs (Enhanced Super 116E), with expected deliveries in 1Q 2011 and 3Q 2012.