Singapore’s Keppel Offshore & Marine has secured gigs worth around S$135 million (US$97 million) for two of its KFels Class B jack-up rigs to work offshore Saudi Arabia.

ADES will charter the drilling units on five-year bareboat charters that are due to start in the fourth quarter.

The expected S$135 million revenues include the modification works needed to prepare them for deployment.

“We are pleased to secure bareboat charter contracts for two of our jack-up rigs, riding on improving conditions in the oil and gas market,” said Keppel O&M chief executive Chris Ong.