GDI sign LOI with Keppel Fels for 2 Jack-up Rigs

Gulf Drilling International, has signed an LOI with Keppel Fels (a Singapore shipyard) for the construction of 2 new KFels Mod VB Big Foot designed rigs. The first rig would be delivered in Q3 2013 and the second would be delivered rig 12 months later.

Each new rig will have a 15,000psi BOP system, a cantilever outreach of 75 feet and accommodation for 150 persons. The new rigs will be capable of drilling anywhere in Qatar.