By Gaurav Raghuvanshi
SINGAPORE--Keppel Corp. Ltd. (KPLEY, BN4.SG) on Thursday said a
unit has secured an order, valued at $1.1 billion, to build five
jack-up rigs, from a unit of Transocean Ltd. (RIG, RIGN.VX).
Keppel FELS will deliver the rigs between the first quarter of
2016 and third quarter of 2017, the Singapore company said in a
statement.
In addition, Transocean has options on up to another five
similar jack-up rigs with Keppel FELS, it said.
This year, Keppel FELS has already delivered 17 rigs, and is on
track to complete at least three more--a record for the rig
builder--according to the statement.
Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com
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