Keppel clinches a whopping US$1.2b contract

Its orderbook now stands at S$10b.

According to OCBC, Keppel Corporation (KEP) announced that its O&M arm has signed contract with Naftogaz of Ukraine to construct two semi-submersible drilling rigs.

Here's more from OCBC:

We had earlier mentioned that the price tag for these two rigs would be about US$1.2b, and KEP has confirmed the price as such.

Like the earlier two jack-ups delivered by KEP for the same customer, these rigs are meant for the Black Sea as well. This contract brings KEP’s order wins to S$10b YTD, forming 98% of our full year estimate.  

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