Keppel Fels reaches settlement on Parden rig contract

Keppel Fels, a subsidiary of Keppel Corporation, entered into a settlement agreement with the guarantor of Parden Holding SRL for a jack-up rig contract originally valued at $206 million. The rig will be resold to 361 Projects Pte Ltd, with delivery deferred to Q4 2017.

“Keppel Fels has entered into a settlement agreement with Parden's guarantor for the contract.”businesstimes.com.sg

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• businesstimes.com.sgKeppel reaches settlement on Parden rig contract - The Business TimesDec 30, 2016

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