Keppel May Acquire China Yard on Oil-Rig Demand: Southeast Asia
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Keppel Corp., the world’s biggest oil-rig builder, may consider buying a yard in China as the nation boosts offshore drilling to meet rising energy demand.
Keppel, which already has one yard in China making parts for oil rigs, will seek out acquisitions if the government opens offshore projects by state-owned enterprises to foreign companies, Chief Executive Officer Choo Chiau Beng said in a Bloomberg Television interview yesterday in Singapore.