# 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.

- Type: Contract
- Announced: 2016-12-30
- Where: Singapore
- Value: $206.0M
- Status: completed
- Products: jack-up rig
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Keppel FELS](https://endata.com/companies/5272.md)
- [Keppel Corporation](https://endata.com/companies/21077.md) (partner)
- [Parden Holding SRL](https://endata.com/companies/21078.md) (customer)
- [361 Projects Pte Ltd](https://endata.com/companies/21079.md) (customer)

## Sources

- [businesstimes.com.sg](https://www.businesstimes.com.sg/companies-markets/keppel-reaches-settlement-parden-rig-contract), 2016-12-30: "Keppel Fels has entered into a settlement agreement with Parden's guarantor for the contract."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.