Keppel set to land US$425m rig-building deal
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Singapore
THE offshore and marine arm of Keppel Corporation has won a letter of intent (LOI) for potentially the first rig-building project to be awarded during this protracted offshore and marine (O&M) downturn.
Keppel O&M's subsidiary Keppel Fels has signed an LOI with Awilco Drilling Plc for the construction of a harsh-environment semi-submersible rig and an option to build up to three more rigs, Keppel Corp said after Tuesday's trading close.
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