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Keppel Corporation Ltd Says $1.2 Billion Ukraine Rig Deal Off-Reuters

Tuesday, 12 Mar 2013 12:34pm EDT 

Reuters reported that a $1.2 billion deal has fallen through for Keppel Corporation Ltd to construct offshore drilling rigs for Ukraine's state energy firm, Naftogaz the Singapore company said. Keppel, the world's largest builder of offshore oil rigs, said on December 4, 2012 it had signed a contract with Naftogaz to build two semi-submersible drilling rigs for use in the Azov and Black seas. 'We wish to announce that the contract will not be taking effect, as certain conditions within the timeline set were not met,' Keppel said in a statement. Naftogaz declined to comment on the matter. 

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