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.
“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.