Keppel FELS inks LOI for two US$400mln rigs

Gulf Drilling International has commissioned the company for the construction of two KFELS Mod VB Bigfoot jackup rigs.

According to GDI, the two rigs are scheduled to be delivered in 3Q2013 and 3Q2014.

In a statement, DMG Research said the LOI will turn into a firm contract once the financing for the project is in place.

Assuming that the LOI is converted into a firm order, Keppel’s YTD order wins will reach S$5.5bln, and the company's outstanding order book will be S$8.5bln.

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