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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