SUBSCRIBERS

Keppel confirms talks with Borr Drilling for sale of jack-ups

Published Fri, Jan 19, 2018 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

KEPPEL Corporation confirmed a Business Times report on Friday, saying that discussions are ongoing in relation to the possible sale of jack-up rigs to Borr Drilling.

But the conglomerate said there is currently no agreement on the potential sale and leaseback financing arrangement with Grupo R, a client behind several jack-ups being built at Keppel FELS.

Copyright SPH Media. All rights reserved.