Keppel also spiked a 2015 contract for a semi, Sapura Raiqa, given how the client “no longer intends to perform” its remaining contractual obligations.
Keppel Corporation has terminated a US$500 million contract given by TS Offshore to build a jack up rig, the TS Jasper, as the client has not paid the outstanding amounts due.
Another unit, Keppel FELS, cancelled a US$85 million contract to build a liftboat for Crystal Heights, for a similar reason.
