Keppel : delivers third KFELS B Class jackup to UMW-OG a month early

2 September 2015, Singapore - Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered UMW Naga 8 , a KFELS B Class jackup rig, to Malaysia's UMW Oil & Gas Corporation Berhad (UMW-OG). It was completed 32 days ahead of schedule, on budget and with a perfect safety record.

This is the third KFELS B Class jackup rig that Keppel FELS has delivered to UMW-OG.

The first jackup - UMW Naga 4 - was delivered in February 2013 and is currently servicing the contract of Petronas Carigali in Malaysia, while the second - UMW Naga 5 - was delivered in April 2014 and is currently working in Vietnam.

At a delivery ceremony held at the yard recently, Mr Chris Ong, Deputy Managing Director of Keppel FELS, said, "The safe and early completion of a third rig for UMW-OG bears testimony to the win-win partnership between our companies. We are glad to be able to support UMW-OG, having built three jackup rigs to our proprietary KFELS B Class design.

"This design is the industry choice for robust, efficient and economical performance and it has helped our customers to secure charters even in the current low oil price environment. All the KFELS B Class rigs we have delivered around the world this year are gainfully employed and performing well, and we are confident that UMW Naga 8 will be a valuable asset to UMW-OG."

UMW Naga 8 is the 7th consecutive rig Keppel FELS has delivered this year within contract schedule, on time and on budget. The yard is also on track to complete 15 rigs in 2015 as contractually scheduled, making it the second highest number of deliveries in a year following its record delivery of 21 rigs in 2013.

Besides being the global leader in the design and construction of offshore rigs, Keppel FELS is also well sought after for repair and modifications projects. UMW Naga 3 is currently docked in Keppel FELS for its five-yearly special periodic survey (SPS), as well as for maintenance and repair works.

Developed by Keppel's jackup design arms, Offshore Technology Development and Bennett Offshore, the KFELS B Class rig is able to operate in water depths of up to 400ft and drilling depth of 30,000 ft. It incorporates Keppel's advanced and fully-automated high capacity rack and pinion elevating system and self-positioning fixation system. In 2009, the design received the Prestigious Engineering Achievement Award from the Institution of Engineers Singapore for its environmentally-friendly features.

- END -

Keppel FELS is a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned company of Keppel Corporation Limited. Keppel FELS is a leading designer, builder and repairer of high-performance mobile offshore rigs. Its portfolio of proprietary designs and floating production solutions meets a broad spectrum of operating requirements, including deep waters and harsh environments.

As a group, Keppel O&M is also a leader in ship repair and conversion, and specialised shipbuilding. Its near market, near customer strategy is bolstered by a global network of 20 yards and offices in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner for solutions for the offshore and marine industry. For more information on Keppel FELS, visitwww.keppelfels.com

UMW Oil & Gas Corporation Berhad ("UMW-OG") is a public listed company listed on the Main Market of Bursa Malaysia Securities Berhad and is a Malaysian-based multinational provider of drilling and oilfield services for the upstream sector of the oil and gas industry. In the drilling services business, UMW-OG operates in both Malaysia and in other parts of South East Asia, providing drilling services for exploration, development and production wells with its fleet of offshore drilling rigs and providing workover services through its hydraulic workover units (HWUs). In UMW-OG's oilfield services business, it offers threading, repair, and inspection services for Oil Country Tubular Goods (OCTG) with a focus on premium connections used in high-end and complex wells in Malaysia and overseas.

For more information on UMW-OG, visitwww.umw-oilgas.com .