Keppel Offshore & Marine Ltd (Keppel O&M) has signed agreements for the utilization of two KFELS B Class rigs to be deployed in Saudi Arabia. The bareboat contracts are expected to generate revenue of about S$135 million (about US$97 million) for Keppel O&M including modification works to prepare them for deployment.The two rigs will be chartered by ADES Saudi Limited Company for a period of five years commencing in fourth quarter 2022.
Under the recently signed agreement for the merger of...
https://www.marinelog.com/offshore/keppel-om-signs-charters-for-two-legacy-jack-ups/