Keppel’s RigCo awards Seatrium rig completion work worth over S$ 500 million

Bitget2026/10/25 23:30

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Keppel subsidiary RigCo will complete four offshore rigs with Seatrium, with total construction contract value estimated at over SGD 500 million.
Existing cash retained in RigCo will fund the construction work.
The drillship is expected for delivery in 2027; the harsh-environment jackup is due in 2028.
Construction plans for the two remaining semisubmersibles are being assessed.
Phased completion supports plans announced in July 2026 to monetize up to 10 legacy rigs through the Keppel Offshore Fund.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keppel Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: QN8JH4VSDIUD1LW9) on October 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Keppel’s RigCo awards Seatrium rig completion work worth over S$ 500 million

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