Awilco Drilling terminates semi-sub rig contract at Keppel
North Sea-focused company alleges certain breaches relating to the project management, schedule, resourcing and compliance. Keppel denies the allegations and says it is considering legal options and evaluating potential financial impact in consultation with its advisers
The rig was ordered for $425m in 2018, while in 2019 Awilco Drilling exercised an option for another similar semi-sub
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