Singapore's Keppel Corp wins $405 mln Scorpion contract

Mon Jul 7, 2008 6:10am EDT
 
[-] Text [+]

SINGAPORE, July 7 (Reuters) - Singapore rig-builder Keppel Corp (KPLM.SI) said on Monday that its unit Keppel FELS has won a contract from Norway's Scorpion Offshore (SCORE.OL) to build a deepwater semisubmersiblerig worth $405 million.

Upon its completion in the fourth quarter of 2011, the rig will be chartered by Scorpion to Brazilian national oil company Petrobras for a period of six years, Keppel said in a statement. (Reporting by Daryl Loo; Editing by Ovais Subhani)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better