Keppel FELS denies breaches alleged by Awilco unit in bid to terminate rig order
Notice of termination came a day before AR1 was due to pay its next instalment
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Fiona Lam
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Singapore
A WHOLLY-OWNED unit of London-based, Oslo-listed Awilco Drilling is trying to wriggle out of a rig construction deal by alleging breaches of contract, which were flatly rejected by the rig maker Keppel FELS.
In a stock exchange filing, parent Keppel Corp said Keppel FELS received a notice of termination on June 8 from Awilco Rig 1 (AR1) for the Nordic Winter rig.
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