Keppel confirms talk with Borr Drilling to sell six jackups

Keppel confirms talk with Borr Drilling to sell six jackups

Sinagpore’s Keppel Corporation has confirmed that it is in negotiations with Borr Drilling about a possible sale of six jackup rigs currently under construction at Keppel FELS.

Keppel said the details and terms of any agreement relating the sale have not yet been finalised and are still subject to the ongoing negotiations. The deal is said to be worth around $960m.

Fast growing Norwegian offshore driller Borr Drilling has acquired a number of resale rigs in the past year, having taken over nine jackup rigs from Singapore’s Sembcorp Marine in October for $1.3bn.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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