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Keppel Fels Repairs Tam Dao Drilling Rig

Maritime Activity Reports, Inc.

October 7, 1999

Keppel Fels Limited has completed its $10 million contract with Vietnam-Russian joint venture company Vietsovpetro for the repair of jack up drilling rig Tam Dao. The MSC CJ 50 design rig was built by Keppel in 1988 and has since been operating in Vietnam with positive commercial returns for the owner/operator. Keppel performed the last repair on Tam Dao in 1992. Per the contract, Keppel Fels overhauled the rig's main generators, repaired its blowout preventer (BOP) units and jacking structures. The company also replaced some of the rig's drilling equipment, as well as refurbishing its existing derrick. Tam Dao's electrical, piping, automation and electronic systems were also repaired; drydock work consisted of hull painting.

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