framework deed

The deferment comes after Keppel O&M entered into a framework deed on June 5, 2020, to defer the delivery of the rigs to 2022.

Under the agreement, Keppel O&M will defer the scheduled delivery of five jackup rigs to Borr Drilling to 2022. The rigs will be delivered progressively. Borr Drilling will cover holding costs for all the deferred deliveries.