General – jack-up rigs
Keppel Offshore & Marine has signed contracts for the bareboat charter of another two KFELS B Class rigs to be deployed in the Middle East.
The rigs will be chartered to an established drilling company in the Middle East for deployment in 4Q 2022 for a period of three years, with options for a year’s extension.
Total revenue from the charters, including the options and modification works by Keppel O&M to prepare the rigs for on-site operations, is expected to be up to S$120m.
These contracts come on the back of two bareboat charters by Keppel O&M announced on 9 May 2022, reflecting the growing demand for Keppel’s high-quality jack-up rigs amidst the improving oil and gas market.
The two rigs to be used for these charters will be from the terminated newbuild rig contracts with certain customers that Keppel O&M had announced on 13 April 2022.
