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2011 January 24   07:19

Keppel to build two jack-up rigs for Clearwater for $360m

Keppel FELS is to build a pair of jack-up rigs for Clearwater Capital Partners for $360m. The KFELS B design rigs are to be delivered in the first and second quarters of 2013. Clearwater has options for two more rigs bringing the total contract value to $730m.
“Confidence is rapidly returning to the offshore industry and we expect a fundamental recovery of the sector. There is a clear bifurcation in the jack-up market with oil companies increasingly focused on new, high specification rigs for their projects,” said Rob Petty, managing partner of Clearwater.

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