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Keppel in deal to push back Parden rig delivery

Agreement provides for rig's resale to associate of guarantor to Parden's obligations in the rig contract
Saturday, December 31, 2016 - 05:50

keppel.jpg
Keppel Corporation said after trading hours on Friday that its rig-building arm, Keppel Fels, has entered into a settlement agreement towards the construction of a jack-up rig that was intended for delivery to Uruguay-based Parden Holding SRL.

Singapore

KEPPEL Corporation said after trading hours on Friday that its rig-building arm, Keppel Fels, has entered into a settlement agreement towards the construction of a jack-up rig that was intended for delivery to Uruguay-based Parden Holding SRL.

The agreement provides for

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