Keppel Kazakhstan LLP (Keppel Kazakhstan) and its consortium partner Ersai Caspian Contractor LLC, Kazakhstan (Ersai Caspian Contractor), have secured a contract from Teniz Burgylau LLP (Teniz Burgylau), an indirect wholly-owned subsidiary of JSC NC "KazMunayGas" (KazMunayGas) of Kazakhstan, for a KFELS B Class jackup rig worth US$242 million.

Scheduled for delivery in 1Q 2015, the jackup rig will be deployed in the Caspian Sea when completed. The work scope of the rig will be shared equally among the two members of the consortium. According to the Oil and Gas Journal dated January 2010, Kazakhstan's proven oil reserves was estimated at 30 billion barrels and its natural gas reserves at 85 trillion cubic feet.

Mr Chow Yew Yuen, Chief Operating Officer of Keppel Offshore & Marine (Keppel O&M) which is a 50% shareholder of Keppel Kazakhstan, said, "We are pleased that Kazakhstan's Teniz Burgylau has placed their confidence in our yard in Kazakhstan and in our proven KFELS B Class design. With Kazakhstan's vast oil and gas reserves, our yard in Kazakhstan, which has been operating in Aktau since 2003, stands ready to support the country as it unlocks and realises its production potential.

Tags: Keppel Offshore & Marine Limited