Singapore’s Keppel gets $1.1 billion order

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oil rigSingapore’s Keppel Corp, the world’s largest builder of offshore oil rigs, said it has secured a $1.1 billion order to build five jackup rigs from a unit of US-listed Transocean Ltd.

The rigs are scheduled to be delivered progressively from the first quarter of 2016 to the third quarter of 2017, Keppel said in a statement on November 7. The deal includes an option for Transocean to build up to another five similar jackup rigs, it added.

Including the latest Transocean order, Keppel’s offshore and marine arm has secured 20 new projects worth about $5.15 billion so far in 2013.

Keppel Corporationspecialises in marine, property and infrastructure businesses. It is one of the largest conglomerates in Singapore which started 1968 as a shipyard.

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Reading Time: 1 minute

Singapore’s Keppel Corp, the world’s largest builder of offshore oil rigs, said it has secured a $1.1 billion order to build five jackup rigs from a unit of US-listed Transocean Ltd.

Reading Time: 1 minute

oil rigSingapore’s Keppel Corp, the world’s largest builder of offshore oil rigs, said it has secured a $1.1 billion order to build five jackup rigs from a unit of US-listed Transocean Ltd.

The rigs are scheduled to be delivered progressively from the first quarter of 2016 to the third quarter of 2017, Keppel said in a statement on November 7. The deal includes an option for Transocean to build up to another five similar jackup rigs, it added.

Including the latest Transocean order, Keppel’s offshore and marine arm has secured 20 new projects worth about $5.15 billion so far in 2013.

Keppel Corporationspecialises in marine, property and infrastructure businesses. It is one of the largest conglomerates in Singapore which started 1968 as a shipyard.

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