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Keppel O&M delivers jackup rig under sale-and-leaseback deal

Its unit FELS Asset will buy rig from Grupo R and lease it back to the Mexican driller

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Published Wed, Feb 20, 2019 · 09:50 PM

Singapore

KEPPEL Offshore & Marine (Keppel O&M) has delivered a jackup rig to Mexican driller Grupo R under a sale-and-leaseback agreement, the group said on Wednesday.

As part of the deal, Grupo R has entered into an agreement with FELS Asset Co, a wholly-owned subsidiary of Keppel O&M.

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