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Keppel upgraded for contract novation to Borr Drilling on favourable terms

PC Lee
PC Lee • 2 min read
Keppel upgraded for contract novation to Borr Drilling on favourable terms
SINGAPORE (March 21): CIMB is upgrading Keppel to “hold” from “reduce” after the rigbuilder says the contracts with Transocean for the five Super B jack-up rigs will be novated to Borr Drilling at US$216 million ($302 million) per rig.
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