Singapore’s Keppel gets $1.1 billion order

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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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. 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....

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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