Wednesday, March 28, 2012

Keppel signs LOI to build $396m rig

Keppel Corp says it has signed a letter of intent to build a harsh-environment-accommodation semi-submersible rig worth US$315 million ($396 million) for Floatel International.

The rig, the fourth accommodation rig that Floatel has ordered from Keppel, is scheduled for delivery in July 2014.

Keppel said it will make a further announcement when the contract is signed.

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