Keppel FELS, a subsidiary of Singapore-based Keppel Offshore & Marine, has secured an order worth $210m for a class B jackup rig from Vietnam-based PV Drilling Overseas (PVDO).

Developed by Keppel’s technology division Offshore Technology Development, the class B rig can operate in water depths of 400ft, drill depth of 30,000ft and accommodate up to 150 men.

Expected to be delivered in the first quarter of 2015, the class B jackup rig features Keppel’s fully-automated high capacity rack and pinion elevating system and self-positioning fixation system.

Keppel FELS said that its class B jackup rig provides environmental benefits like maximum uptime with reduced emissions and discharges, and can be upgraded to higher capabilities.

PVDO chairman and PV Drilling CEO Pham Tien Dung said the company is looking to catch up on the huge demand for offshore rigs and actively seize the opportunities coming.

"To meet this aim, we are pleased to be able to acquire a premium jackup rig with such an early delivery schedule," Dung added.