SBI in talks for rig orders from Mid-East
CATALIST-LISTED SBI Offshore is in talks with a Middle Eastern-Chinese consortium to build five jack-up drilling rigs.
SBI revealed on Wednesday that this consortium is the same one for which its subsidiary had won a contract to provide design and engineering services for a jack-up drilling rig recently.
It had started negotiations with the consortium about a week after securing from the consortium the US$24 million contract to design a rig that will meet American Bureau of Shipping Classification requirements.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama