Keppel seals Awilco semisub contract

rig

Awilco Drilling Plc has confirmed a US$425 million contract award to Keppel Offshore & Marine (O&M) for the construction of a mid-water, harsh-environment semi-submersible drilling rig.

The contract awarded to the offshore and marine arm of Keppel Corporation called upon the yard group to complete the rig construction in the first quarter of 2021.

Keppel O&M has also extended Awilco independent options towards the construction of three other newbuild rigs of similar specifications. These options are to be exercised within 12, 24 and 36 months, respectively.

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