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Keppel establishes a fund for the modernization of drilling rigs
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PetrusPetrusJul 29, 2026
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Singapore's Keppel has established a private fund to transfer 10 outdated drilling rigs, into which Apollo Global Management is investing $1.5 billion.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.

#construction#management#market#investments#financing#monetization
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