Photo courtesy of Zbynek Burival (Unsplash)

Keppel O&M accelerates delivery of three jackup rigs to Borr Drilling

All three rigs will be delivered with full payments.

Keppel O&M has agreed to speed up the delivery of three of five undelivered jackup rigs to Borr Drilling for US$352, of which US$158m will be payable in 2022.

Under the amended and restated framework deed with Borr Drilling and its subsidiaries, Keppel O&M will deliver three jackup rigs to the company between October 2022 and July 2023. 

ALSO READ: Keppel O&M secures $4.03b contract to build offshore vessel 

All three rigs will be delivered with full payments that include holding costs and cost cover.

The remaining two rigs have been deferred until 2025. Borr Drilling will pay holding costs and cost cover for the two rigs..

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!