Keppel wins Mexico job

Keppel Corp. has received a $164 million contract to build oil platforms for a unit of Mexico’s national oil company, Petroleos Mexicanos. Keppel Offshore and Marine, has a 60% stake in the consortium.

The unit’s yard in Brownsville, Texas, is well-positioned to service the Mexican offshore oil and gas market, Keppel said and is expected to install the platforms in the Bay of Campeche in the Gulf of Mexico, by the third quarter of 2006.

The contract isn’t expected to significantly impact on Keppel’s earnings for 2005.