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Singapore-based yard terminates another contract with rig operator

Shipyard Keppel Corp has terminated another contract with rig operator Awilco Drilling to build a rig.

Photo: Edgar Su/Reuters/Ritzau Scanpix

Singapore-based yard Keppel has torn up another contract with rig operator Awilco Drilling for the construction of a drilling rig.

In the summer, Keppel terminated the first contract for a newbuild with Awilco Drilling. And the yard initiated an arbitration case against Awilco.

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