Keppel Seeks New Non-Rig Orders for Brazil Yards: Southeast Asia
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Keppel Corp., the world’s largest oil-rig maker, will focus on building more offshore production and support vessels in Brazil as competition from China cuts prices for its main product.
Brazil’s offshore development boom means Keppel’s yard is now mainly utilized for building rigs for state-owned Petroleo Brasileiro SA. The Singapore-based company is setting up a second yard to meet demand for other vessels and to offer repair and conversion work, Chief Executive Officer Choo Chiau Beng said in an interview on July 19.