PROCUREMENT NEWS

Singapore : Keppel signs LOI to build US$315 million rig

Published 29 Mar 2012

Singapore\'s Keppel Corp said on Wednesday it has signed a letter of intent to build a harsh-environment-accommodation semi-submersible rig worth US$315 million for Floatel International Ltd.

The rig, the fourth accommodation rig that Floatel has ordered from Keppel, is scheduled for delivery in July 2014.

Keppel said it will make a further announcement when the contract is signed.

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