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Keppel unit selling 5 rigs to Borr Drilling for US$745m

It has signed a master agreement for the sale at an average of US$149 million per rig excluding any down payments made by the original owners

Singapore

KEPPEL Offshore & Marine (Keppel O&M) has sealed a deal to sell five jack-up rigs to Borr Drilling for around US$745 million.

The price, which works out to US$149 million per rig, excludes any down payments made by the original owners.

The Business Times

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