Keppel O&M to send two oil drilling rigs to Middle East

This comes as the company secured contracts, worth S$120m.

Keppel Offshore & Marine Ltd. (Keppel O&M) will be deploying two oil drilling rigs to the Middle East after signing contracts worth S$120m.

The rigs will be deployed in the fourth quarter of the year to a drilling company based in the region for a period of three years.

“We have built a strong track record and trust in the industry for delivering rigs that are robust, versatile, and capable of working in a wide variety of geographies,” Chris Ong, CEO of Keppel O&M, said.

“The multiple charter contracts that we have recently secured reflect the improving market sentiments, and attest to the value we are able to provide to rig operators with our proven KFELS B Class rigs.”

Ong said the company is also seeing demand for rig charters and sales enquiries to improve.

“Putting the legacy rigs to work will improve the overall marketability of these assets while reducing holding costs,” he also said.

“As we secure more bareboat charter contracts, our legacy rigs will become increasingly valuable to both rig operators as well as potential investors.”

Follow the link s for more news on

Keppel Corporation

Keppel Offshore & Marine

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia