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Keppel O&M seeks to offload six jack-ups for up to US$960m

Talks with Borr Drilling continuing; consultants say Keppel also has other options like lease now and sell later or help arrange financing for buyers

Published Thu, Jan 18, 2018 · 09:50 PM

keppel

Singapore

TALKS have been ongoing between Keppel Offshore & Marine (KOM) and Oslo-listed Borr Drilling, with the yard group seeking to offload six jack-up rigs for up to US$960 million to the Norwegian offshore drilling contractor.

The Business Times understands that Borr Drilling has raised its latest offer for KOM's jack-up rigs, but it is unclear whether this matches the asking price from the yard group.

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