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Keppel O&M, Borr Drilling defer delivery of 5 jackup rigs to 2022

Move comes after Borr announcement that it has entered into talks with lenders, shipyards to strengthen its liquidity situation

Vivienne Tay

Vivienne Tay

Published Fri, Jun 5, 2020 · 09:50 PM
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Singapore

KEPPEL Corp on Friday said its wholly-owned subsidiary Keppel Offshore & Marine (Keppel O&M) had entered into a framework deed with international drilling contractor Borr Drilling to defer the delivery of five jackup rigs to 2022.

The five rigs are part of 11 jackups ordered by Borr Drilling, six of which have been delivered, Keppel Corp said in a regulatory update.

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