Three jackup orders from new market entrant
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.