Keppel Fels to build its first drillship

KEPPEL Corp's offshore shipyard subsidiary Keppel Fels is to start building its first drillship sans contract, but analysts say the move is a sign that a firm contract with a major offshore rigowner or operator is underway.

The group said that following positive feedback and strong enquiries from the market, its management is proceeding with the building of its "Can Do" drillship with completion targeted for 2016.

Keppel said a further announcement will be made when a firm contract is secured for this drillship unit.