Keppel wins another oil rig construction contract from Ensco

Feb 18, 2004 01:00 AM

Keppel has won yet another rig-building contract. This one's from long-time customer Ensco International of the US.
Keppel will be paid $ 93 mm in cash plus it'll get three of Ensco's old rigs which it will then sell on. It already has a buyer lined up.

Keppel's maritime business has been the conglomerate's star performer of late.
It currently enjoys about 60 % of the global market for building oil rigs.

Source: MCN International