23 Jul '15, 2pm

Still short #KeppelCorp - no FCF, distressed customers, and now...an ocean mineral company (worked for $OMEX!)

22. We continue to focus on executing our projects well, ensuring safe, on-time and on-budget deliveries to our customers. Amongst 12 major projects completed in the first half, apart from the five jackup rigs, the other noteworthy deliveries were for the fourth high-specification accommodation semisubmersible to Floatel International, and a Depletion Compression Platform (DCP) to Shell by Keppel Subic Shipyard, our satellite yard in the Philippines. 23. Of the ten jackups we will deliver in the second half, five KFELS B Class jackup rigs will be handed over to Mexican customer, Grupo R. We have reaped synergies working on five rigs at one time, optimising resources and improving efficiencies in the process.

Full article: http://www.kepcorp.com/en/news_item.aspx?sid=5834

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