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.

Keppel inks jack-ups for Standard Drilling

Article-Keppel inks jack-ups for Standard Drilling

Keppel inks jack-ups for Standard Drilling

Singapore: Keppel FELS has bagged a $180m jack-up rig newbuilding contract from Standard Drilling. Standard Drilling is a subsidiary of Norwegian investment company Ferncliff TIH AS Group and has options for two further rigs at Keppel bringing the total contract value to over $550m. The first rig is due to the second half of 2012. "We are seeing activities and opportunities in the jack-up market recovering quickly and are positive that this demand for newer, safer, high-specification jack-ups will be sustained, given the growing need worldwide for premium units with capabilities to operate safely in more challenging locations," said Martin Nes, ceo of Ferncliff. [26/11/10]

Hide 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.