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Keppel delivers jackup to Mexico’s CP Latina

Posted on 06 August 2013

Keppel FELS has delivered La Santa Maria, a KFELS B-class jackup, to Constructora y Perforadora LATINA (CP LATINA), a private Mexican energy company. The rig, which will be chartered to PEMEX for deployment offshore Mexico, is the first of two high-specification jackups that the Singapore yard is building for CP LATINA. The second rig is on schedule to be delivered in Q4 this year.

“La Santa Maria is the third such rig Keppel FELS has delivered to Mexican customers since 2012,” said Wong Kok Seng, managing director of Keppel Offshore & Marine and Keppel FELS. The shipyard has nine more on order.
The KFELS B-class jackup design can operate in water depths up to 400 ft and drill to depths of 30,000 ft. The rig is equipped with an advanced and automated high-capacity rack and pinion jacking system, and a self-positioning fixation system.

“As we look to expand our drilling services portfolio, the acquisition of two such rigs is a strong base for us to establish a foothold in the Mexican offshore market. We are confident that the second rig Keppel is building for us will be delivered just as efficiently, enabling us to meet the demands of the market,” Santiago del Valle Toca, chairman of CP Latina, said.

Mexico’s proven reserves of oil and gas at the start of 2013 was almost 14 billion bbl of crude oil equivalent. PEMEX announced plans to add between eight and 12 offshore platforms to its drilling fleet earlier this year and unveiled investment plans of US$25.3 billion for 2013, of which US$20 billion will be targeted at upstream activities.

In addition to the second rig for CP LATINA, Keppel FELS is also building two KFELS B jackups for PEMEX, five for Grupo R and one for Parden Holding. It recently delivered two similar rigs to Mexican customer Oro Negro while sister yard, Keppel AmFELS in Brownsville, Texas, delivered a jackup to Perforadora Central in April 2013, with another due for delivery in 1Q 2014.

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