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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
Back to top button