Keppel offloads jack-up to Grupo R with $179m sale-and-leaseback deal
Keppel O&M’s wholly owned subsidiary FELS Asset Co will purchase the Cantarell IV jack-up rig from Grupo R before leasing it back to the latter on a bareboat charter at competitive day rates over five years. No charter rate figures or other financial details were disclosed, however
Grupo R also has the right to purchase the rig during the five-year charter period, although the pre-agreed sale price was not disclosed
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