KepCorp: Jasper has exercised an option for KepCorp to build another jackup rig for US$180m due in 1H2013. Similar to the prev rig, this rig will be able to operate in depths of 400 feet, drill 30k ft deep and accommodate 150 men. Its first order for 2Q after a record 1Q, KepCorp’s order book now stands at est $4.6b with options for 14 rigs worth another $3.8b…
Of interest, KepCorp’s associated co Dyna-Mac may possibly profit from the flow of orders that KepCorp has obtained. Dyna-Mac closed at $0.56, a 60% gain from IPO price of $0.35.
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