Keppel Corp. subsidiaries have jointly won a USD 20 million contract for the completion of an oil rig for BP plc in the Caspian Sea. The contract comes soon after Keppel completed a project to build the main hull sections of the BP Shah Deniz TPG 500 platform for BP Exploration (Shah Deniz) Ltd. A joint entity, Keppel Fels and Keppel Offshore & Marine (Keppel O&M) subsidiary Caspian Shipyard Company clinched the subsequent award by BP Exploration to integrate the hull sections for the jackup platform in the Caspian. A self-installing jackup drilling/production/quarters platform, the TPG 500 jackup will be the first gas-condensate drilling/production platform in the Caspian Sea when it is completed in the third quarter of 2006, according to a Keppel statement.
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