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Oil and gas industry · Offshore DrillingFinance and accounting · Financial ReportingFinance and accounting · Investment
Keppel establishes a fund for the modernization of drilling rigs
Singapore's Keppel has established a private fund to transfer 10 outdated drilling rigs, into which Apollo Global Management is investing $1.5 billion. The deal reflects growing demand for modern offshore drilling platforms and could bring Keppel up to $988 million.
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