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Keppel loses Ukraine deal for semi-submersiblesKeppel loses Ukraine deal for semi-submersibles

Singapore: Singapore's Keppel Corporation confirmed the lost of a potentially lucrative contract to build two semi-submersible drilling rigs for Ukraine's Naftogaz.

Lee Hong Liang, Asia Correspondent

March 13, 2013

1 Min Read
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Keppel FELS and Naftogaz have signed the conditional contract worth approximately $1.2bn on 4 December 2012.

“We wish to announce that the contract will not be taking effect as certain conditions within the timeline set were not met,” Singapore-listed Keppel Corp said in a statement.

“Keppel will continue to seek opportunities where we can support Naftogaz in their E&P activities,” it added.

The two semi-submersible drilling rigs were designed for the harsh weather conditions in the Black Sea.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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