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Keppel O&M secures agreements for two jack-up rigs with ADES

Tuesday, May 10 2022

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.

Related posts:

  1. Sale of jack-ups Valaris 113 and 114
  2. Sale of jack up Atla
  3. Keppel secures contract for offshore wind farm substations
  4. Singapore yard Keppel terminates contracts

Filed Under: Ades Saudi, International projects, Jack up, Keppel Tagged With: Ades, Keppel O&M


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