FELS definition
Examples of FELS in a sentence
Owner, at its discretion, may elect to cause the necessary repairs or replacements to be made at a non-Keppel FELS Yard.
On 5 December 2020, the Company announced that it, together with certain of its subsidiaries, had entered into the Lock-Up Agreement with its 49.92% shareholder, FELS Offshore Pte Ltd (“Keppel”), and 1L Bondholders holding in aggregate over 56% of the 1L Bonds and 2L Bondholders holding in aggregate close to 13% of the 2L Bonds.
Following negotiations with its key financial stakeholders throughout 2020, the Company is pleased to announce that it, together with certain of its subsidiaries, has entered into a lock-up agreement with its 49.9% shareholder, FELS Offshore Pte.
Signed by for and on behalf of Keppel FELS Limited [***] Signature Signed by for and on behalf of ▇▇▇▇ Drilling Limited [***] Signature First Completed Rig under SPA October 2019 Second Completed Rig under SPA January 2020 Third Completed Rig under SPA April 2020 First Construction Rig under Construction Contract July 2020 Second Construction Rig under Construction Contract October 2020 Borrower: A single purpose ▇▇▇▇▇▇▇▇ Islands entity wholly owned by ▇▇▇▇ Drilling Limited (the “Buyer Parent”).
KEPPEL FELS LIMITED CHILES OFFSHORE LLC By: /s/ C.H. Tong By: /s/ William E.
Mobilization commences when the Rig has been delivered to Contractor by the Keppel FELS shipyard and preparation for loading the Rig on the heavy-lift dry-tow vessel has commenced or preparation for a wet tow has commenced.
Contractor shall invoice Operator for the Estimated Mobilization Fee after Contractor determines the approximate amount of the Estimated Mobilization Fee (but not earlier than thirty (30) days prior to the Rig’s estimated departure from the Keppel FELS shipyard).
Chiles, Keppel FELS and AMFELS, desire to amend the Master Option ▇▇▇▇▇▇en▇ ▇▇ ▇e▇▇▇▇ed herein.
Company is negotiating to enter into various transactions for the construction of a jackup mobile offshore drilling unit (the "Vessel") by Keppel FELS Limited ("Builder") and one or more options to construct additional jackup mobile offshore drilling units (the "Option Vessels") at Builder's Singapore yard or the Brownsville, Texas yard of Builder's affiliate, Amfels, Inc.