Keppel unit wins contract to build one of world's largest land rigs for over US$100 million

Keppel AmFELS LLC, a US-based wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), announced on Monday it had won a contract valued at over US$100 million to build one of the world's largest land drilling rigs for a major operator.

Scheduled for delivery in mid-2016, Keppel AmFELS will be undertaking the engineering, procurement and construction of the rig, which will be capable of operating in harsh conditions.

Keppel AmFELS said it has built up a strong track record in the construction, refurbishment, conversion, life extension and repair of a variety of drilling rigs.

The above contract is not expected to have a material impact on the net tangible assets or earnings per share of mainboard-listed Keppel Corporation Limited for the current financial year.