SINGAPORE - Qatari firm Gulf Drilling International has signed a letter of intent (LOI) to buy two jackup rigs from Singapore's Keppel Corp in a deal that could be worth US$400 million.
The news was published on Gulf Drilling's website. A Keppel spokeswoman said the firm did not announce deals when they are still at the LOI stage.
DMG & Partners, a Singapore brokerage, estimated the deal to be worth around US$400 million. -- REUTERS
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