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
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 the resale of the rig to the associate of a guarantor to Parden's obligations under the rig-building contract but on a two-year deferment to the rig delivery.
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