Keppel clinches a whopping US$1.2b contract
Its orderbook now stands at S$10b.
According to OCBC, Keppel Corporation (KEP) announced that its O&M arm has signed contract with Naftogaz of Ukraine to construct two semi-submersible drilling rigs.
Here's more from OCBC:
We had earlier mentioned that the price tag for these two rigs would be about US$1.2b, and KEP has confirmed the price as such.
Like the earlier two jack-ups delivered by KEP for the same customer, these rigs are meant for the Black Sea as well. This contract brings KEP’s order wins to S$10b YTD, forming 98% of our full year estimate.