Keppel Offshore & Marine (Keppel O&M) subsidiary Keppel Fels has clinched a US$206 million (S$261.7 million) contract to build a jack-up rig for Parden Holding, a Uruguay-based company.

The rig is intended for operations in offshore Mexico and is scheduled for delivery in the fourth quarter of 2015, Keppel said in a statement on Friday.

When completed, the rig will operate in water depths of up to 400 feet and drill to depths of 30,000 feet with accommodation for up to 150 persons.

"We are glad to be able to support Parden Holding with their very first high specification jackup rig as they aim to penetrate the offshore oil and gas market in Mexico," said Mr Wong Kok Seng, managing director (offshore) of Keppel O&M and managing director of Keppel Fels.

The new order brings the total number of such jackup rigs ordered for the Mexican market since 2012 to 12.