The five rigs form part of the identified assets that will be transferred to Rigco Holding as part of the agreements in connection with the proposed combination of Keppel O&M and Sembcorp Marine (SembMarine).
Keppel Offshore & Marine (Keppel O&M) has entered into an amended and restated framework deed with Borr Drilling on Oct 12.
Under the new framework deed, Keppel O&M says it will accelerate the delivery of three yet-to-be delivered jackup rigs to Borr Drilling between October 2022 and July 2023. There are five rigs that have not been delivered yet.
