Keppel Corp

Keppel Corp: Group bags 3 more contract from repeat customers worth US$300m. Order momentum has been strong in the O&M space, despite the decline of contract values. Contract with Star Drilling (India's Jindal Group) involves the contruction of a KFELS B Class jackup rig, its 3rd jackup rig, as we see India companies enlarging its sphere in the oil and gas industry, pushing to reduce its dependence on oil imports. The other 2 contract were from Ensco PLC and Diamond Offshore, for the upgrading of semisubmersibles.