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Three key risks seen from rig order default

Sete Brasil has six semi-submersible drilling units on order at Keppel O&M and seven drillships with SembMarine

Keppel Corporation on Tuesday said its private subsidiaries, Keppel Land and Kepventure, have agreed to divest a subsidiary, Fernland Investment, to Prime Value Asia for up to about US$10.86 million.


THE market will be waiting for indications from the release of the FY2015 report cards of two large-cap Singa-pore-listed offshore and marine (O&M) players about the extent of their financial exposure to a potential default of the Sete Brazil rig orders valued at a combined...