Keppel Corp Enters Into a Framework Deed with Borr Drilling | SGX Company Insights | EP 58
In this episode, Phillip Securities Research's Senior Analyst, Terence Chua reports on Keppel Corp latest update.
The company recently announced that they has entered into an amended and restated framework deed with Borr Drilling. Resolution for the five rigs will de-risk KOM's inventory and deleverage KOM. All three jackup rigs will be delivered with full payments on delivery.
The latest amended and restated framework deed will see Keppel O&M de-risk inventory and deleverage.
The latest amended framework deed and Keppel O&M's latest contract win should enhance the KOM-SMM merger.
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