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Singapore’s Keppel Offshore & Marine has sealed contracts for the bareboat constitution of two jackup rigs to be deployed within the Center East.
The rigs can be chartered to an undisclosed drilling firm within the Center East for a interval of three years, commencing in This autumn 2022, with an choice for a one-year extension. The charters, together with choices and modification works, are anticipated to be price as much as S$120m ($87.3m).
Earlier this month, Keppel inked a five-year cope with offshore rig operator ADES for 2 jackup rigs to be deployed in Saudi Arabia.
Chris Ong, CEO of Keppel Offshore & Marine, commented: “We’ve got constructed a robust monitor report and belief within the trade for delivering rigs which might be sturdy, versatile and able to working in all kinds of geographies. The a number of constitution contracts that we have now just lately secured replicate the enhancing market sentiments, and attest to the worth we’re in a position to present to rig operators with our confirmed KFELS B Class rigs.
“With jackup utilisation charges growing, we’re additionally seeing demand for rig charters and gross sales enquiries enhance. Placing the legacy rigs to work will enhance the general marketability of those belongings whereas lowering holding prices. As we safe extra bareboat constitution contracts, our legacy rigs will develop into more and more helpful to each rig operators in addition to potential traders.”
The 2 rigs for use for the charters are from terminated building offers agreed with an affiliate of Clearwater Capital Companions and Fecon Worldwide.
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