Keppel Offshore & Marine Ltd has, through its wholly-owned subsidiary, Keppel FELS Limited (“Keppel”), signed a letter of intent with Awilco Drilling PLC (“Awilco”) in relation to the proposed construction of a semisubmersible drilling rig for harsh environment use, with the option to build up to a further three units, the company said in its press release.
The details and terms of an agreement relating to such transaction have not yet been finalized and are still subject to ongoing negotiations and discussions between the parties.