SINGAPORE (June 5): Keppel Offshore & Marine (Keppel O&M) has entered into a framework deed with Borr Drilling on Friday.

The agreement was signed by Keppel O&M’s wholly-owned subsidiaries Keppel FELS and Offshore Partners.

Under the agreement, Keppel O&M will defer the scheduled delivery of five jackup rigs to Borr Drilling to 2022. The rigs will be delivered progressively. Borr Drilling will cover the holding costs for all the deferred deliveries.

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