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FINANCIAL NEWS
GDI, Keppel FELS Sign USD22m Contract
17 Sep 2014
(MENAFN) Gulf Drilling International, the Qatari drilling firm, announced signing a USD227 million contract with Keppel FELS for its fifth new build order for their high-specification KFELS B Class jack-up drilling rig, QNA reported.
Singapore-based Keppel said that the jack-up rig would be ready by the January-March period of 2016 and that the contract includes options for two more rigs with deliveries in 2017.
The KFELS B Class has established itself as a reliable high specification jack-up rig for the Middle East with more than 10 such rigs successfully operating there.
“GDI is pleased to be signing a contract with Keppel FELS once again for this new requirement. We have built a solid relationship with Keppel FELS, who have a reputation for reliability and dependability. The majority of our rigs are of the newer, high spec varieties that have been customized to meet the needs of our clients,” CEO of GDI said.
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