Keppel gets US$360 mln contract for 2 jackups

SINGAPORE - Singapore's Keppel Corp said on Thursday it has signed a deal to build two jackup rigs worth US$360 million.

The contract with Asia Offshore Drilling Ltd, a 49 per cent affiliate of Singapore-listed Mermaid Maritime PCL, includes an option to build two similar rigs.

The two rigs are scheduled for delivery in 2012 and 2013. -- REUTERS

Signs of weak holders selling on strength

I believe with this winning of contract Management has fufill the target of $2-3B target of orders for 2010.