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| Name | Symbol | Market | Type |
|---|---|---|---|
| Keppel Corp Ltd (PK) | USOTC:KPELY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.125 | -1.29% | 9.54 | 9.15 | 9.74 | 9.545 | 9.54 | 9.545 | 3,240 | 21:02:10 |
From Jun 2019 to Jun 2024
By Gaurav Raghuvanshi
SINGAPORE--Keppel Corp. Ltd. (BN4.SG) Thursday announced that it has got a new customer for five shallow-water oil drilling rigs originally ordered by Transocean Ltd.
The contract for the construction of the five jackup rigs will go to Borr Drilling Ltd., Keppel said in a statement to the Singapore Exchange.
Keppel, the world's largest builder of offshore oil drilling rigs, said Borr Drilling will pay US$216 each for the vessels, compared with the original contract price of US$219 million each. The rigs will be delivered starting the first quarter of next year, it said.
The new contract is likely to help Keppel keep its yards busy at a time when low oil prices have forced many of its customers to cancel or seek delivery delays of vessels on order. New orders have reduced to a trickle in recent quarters, forcing layoffs and a steep decline in profitability.
Write to Gaurav Raghuvanshi at Gaurav.Raghuvanshi@wsj.com
(END) Dow Jones Newswires
June 01, 2017 09:19 ET (13:19 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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