Due to payment term of 20/80 or 10/90, most of the reveune recognition happening from 3-4 years from now.
Revenue Forecast looking stable ahead
Due to the nature of repeated orders; the Operating Margin should be stable if not improving
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract to build a repeat KFELS Super A Class harsh environment jackup rig from a subsidiary of Ensco plc (NYSE: ESV) for around US$265 million.
Scheduled for delivery in 2Q 2016, it will be the fourth ENSCO 120 Series jackup rig that Ensco has ordered from Keppel FELS since 2011. As part of the contract, Ensco has an option to order another similar rig.
Mr Tong Chong Heong, Chief Executive Officer of Keppel O&M, said, "We are pleased that Ensco, which has the ......
