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Keppel delivers first of three rigs originally built for Borr Drilling to ADNOC, collects payment of US$160 mil

The Edge Singapore
The Edge Singapore • 2 min read
Keppel delivers first of three rigs originally built for Borr Drilling to ADNOC, collects payment of US$160 mil
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Keppel Offshore & Marine has delivered the first of three jackup rigs to its Abu Dhabi based customer ADNOC Drilling Company PJSC (ADNOC Drilling), and received payment of US$160 million.

Keppel expects to receive at least US$352 million for all three rigs between 2022 and 2023. This is in addition to down payments Keppel had initially received from the previous customers for the rigs.

These three rigs were part of a series of five rigs that Keppel was originally building for Borr Drilling.

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