Three jackup or­ders from new mar­ket en­trant

OffComm News - - THE QUARTERLY -

Kep­pel FELS has se­cured con­tracts to build three high- spec­i­fi­ca­tion KFELS B Class jackup rigs worth about US$ 650 mil­lion from new cus­tomer Fecon In­ter­na­tional Corp. De­liv­ery will be in 2016. Backed by ex­pe­ri­enced in­dus­trial en­tre­pre­neur, A. P. Do­brov, Fecon is a new player to the off­shore oil and gas in­dus­try, and is tar­get­ing the grow­ing off­shore drilling mar­kets of Africa, Mid­dle East, and South­east Asia. The com­pany is also con­sid­er­ing the Rus­sian mar­ket for its growth op­por­tu­ni­ties.

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