Fossil Energy – Jack-up Rigs
Keppel Offshore & Marine has signed agreements for the utilisation of two KFELS B Class rigs to be deployed in Saudi Arabia.
These bareboat contracts are expected to generate revenue of about S$135 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 4Q 2022.
