Keppel FELS enters novation agreement with Borr Drilling

Borr Drilling will take over the construction of the jackup rig for BOT Lease Co.

Keppel Corporation announced that Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine (KOM), has entered into a novation agreement with Borr Drilling and BOT Lease Co. (BOTL), to replace the construction contract of the jackup rig being built by Keppel FELS for BOTL, to Borr Drilling.

Also read: Keppel sells 5 jackup rigs to Borr Drilling for $1b

Under the terms of the novation, Borr Drilling will take over the contract of the jackup rig from BOTL, which has already paid Keppel FELS in full for the rig, except for the portion of extension costs to be due at delivery.

Based on the construction contract, the delivery schedule of the rig remains as January 2020.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia