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Rig company Awilco takes new step in dispute with Keppel

Rig operator Awilco Drilling has now terminated a contract with shipyard Keppel for the construction of a rig, and the company wants a large million-dollar refund. The Singapore-based yard had already canceled the contract.

Photo: Edgar Su/Reuters/Ritzau Scanpix

The dispute between rig operator Awilco Drilling and yard Keppel takes a new turn.

Awilco has now notified the Singapore-based yard that it has canceled a contract to build a drilling contract. This happens after Keppel earlier in December terminated the contract between the two parties, as Keppel believes that Awilco will not be able to pay an installment. The yard also said it will begin an arbitration case against the drilling company.

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