Keppel Offshore & Marine's subsidiary Keppel FELS has won a contract from UMW Drilling, a subsidiary of UMW Oil & Gas (UMW), for a KFELS B class jackup rig worth $218m.
Said to be the third KFELS B class jackup rig for UMW, the rig is scheduled for delivery in the third quarter of 2015.
UMW president Rohaizad Darus said: "We have taken this opportunity to acquire another KFELS B class jackup from Keppel FELS to enable UMW to accelerate the growth of our assets portfolio and meet the strong demand for premium jackup drilling rigs in the Asia Pacific region.
"Teaming up with the world's leading rig builder is a boost to our aim of being Malaysia's premier drilling contractor."
Developed by Keppel's technology arms, Offshore Technology Development and Bennett Offshore, the new 75th KFELS B class rig can operate in water depths of 400ft, drilling depth of 30,000ft and has the capacity to accommodate up to 150 people.
The latest environmentally friendly rig provides maximum uptime with reduced emissions and discharges, as it incorporates Keppel's fully-automated rack and pinion elevating system and self-positioning fixation system.
Keppel offshore managing director Wong Kok Seng said: "Having our own proprietary rig designs empowers us to customise solutions for each client to suit their unique requirements in the shortest time possible."
UMW's first jackup UMW NAGA 4 constructed by Keppel FELS and delivered in February 2013 is currently deployed in offshore Malaysia while the company's second rig, UMW NAGA 5, is expected to be delivered in May 2014.
Image: Keppel's jackup rig is scheduled for delivery in the third quarter of 2015. Photo: courtesy of suwatpo / FreeDigitalPhotos.net.