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Keppel Corp. Ltd. (BN4.SG) Friday said it has secured a US$245 million contract from Ensco PLC (ESV) to build an enhanced KFELS Super A Class harsh environment jackup rig.
The rig is scheduled for delivery in the third quarter of 2014. The contract arose from the exercise of an option, which was part of Ensco's order for two rigs earlier this year.
-By Sam Holmes, Dow Jones Newswires; +65-6415-4157; email@example.com