Keppel secures $51m extension for Saudi jackup

Singapore's Keppel has secured a five-year bareboat charter extension worth approximately $51m for its AD110 jackup rig with Saudi drilling contractor Arabian Drilling Company. The agreement, signed through Keppel subsidiary RigCo Holding, will run from 2026 to 2030, directly continuing the existing charter. The rig is currently operating offshore Saudi Arabia for an undisclosed Arabian…