Sunday 15 May 2011

Keppel wins US$772m orders for four rigs

Singapore's Keppel Corp said today its unit has got four repeat orders from Oslo-listed S.D. Standard Drilling Plc for jackup oil rigs worth US$772 million (RM2.316 billion).

The deliveries of these units are scheduled between second half of 2013 and first half of 2014, it said in a statement.

The four new orders from Standard Drilling have brought the total value of contracts secured by Keppel Offshore & Marine for the year-to-date to more than S$6.4 billion (US$5.1 billion). — Reuters