A view of a Keppel Corporation shipyard in Singapore January 19, 2016. REUTERS/Edgar Su
Singapore-based rig builder Keppel Offshore & Marine has confirmed it is in talks with Norwegian drilling contractor Borr Drilling over the possible sale of jack-up rigs currently being built Keppel FELS.
The confirmation of talks comes after a report from the Business Times, which stated that Keppel was seeking to offload six jack-up rigs to the drilling contractor for $960 million.
In a statement, Keppel said that while it is in talks with Borr, no definitive agreement has been entered into and the details and terms of any agreement relating to any sale and purchase of rigs have not yet been finalized and are still subject to ongoing negotiations and discussions.
In the same statement, Keppel also denied the existence of an agreement involving the potential sale-and-leaseback financing arrangement with Grupo R regarding a contracted jack-up rig, which was also referenced in the Business Time article, but the statement added that Keppel “is always open to pursuing opportunities for win-win solutions for [its] customers.”
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,049 members that receive our newsletter.
Have a news tip? Let us know.
U.S. President-elect Donald Trump is serious about trying to acquire Greenland, both to expand America's sphere of influence in the Western Hemisphere and as a way to cement his legacy, according to three sources familiar with his thinking.
A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.
Israel struck multiple targets in Yemen it said were controlled by Houthis, the last of the Iran-backed groups still fully engaged in the regional war that began 14 months ago.
Maritime and offshore news trusted by our 109,049 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
