Fossil Energy – Saudi Arabia
Keppel Offshore & Marine has signed bareboat charter contracts with ADES for two jack-up rigs to be deployed in Saudi Arabia.
This brings the total number of rigs Keppel O&M has on charter with ADES to four.
The charters will be for a period of five years, expected to commence in 1H 2023, and projected to generate total revenue of about S$155 million for Keppel O&M, which includes modification works to prepare the rigs for deployment.
The two rigs to be used for these charters are the Cantarell III and Cantarell IV jack-up rigs.
