Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

386030056116ab0d3379bb15553536fc

Keppel confirms talks to sell six jack-up rigs to Borr Drilling

Keppel Corp has confirmed that its offshore and marine unit is in talks to sell six jack-up rigs to the rapidly growing Borr Drilling.

The Singapore-listed group said in a statement to the Singapore Exchange that Keppel Offshore & Marine was in discussions to sell six jack-up rigs to Borr Drilling. The deal is reported to be worth $960m but Keppel said it was yet to be finalised.

Last October Borr Drilling agreed to buy nine jack-ups, including six newbuilds where the contract had been terminated, from Sembcorp Marine, Keppel’s Singapore rival in the rig building market.

Borr Drilling was founded by former John Fredriksen and Seadrill senior executives Tor Olav Troim and Fredrik Halvorsen, moving agressively in a down market and last year bought Transocean's fleet of 15 jack-up rigs for $1.35bn.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg