---
title: "Apollo Global to invest $1.5 billion in Keppel oil rig fund"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293954330.md"
description: "Apollo Global Management will invest $1.5 billion in Keppel's new private fund holding six operational oil rigs. This deal helps Keppel monetize non-core assets and unlock capital for reinvestment, while allowing Apollo to access the high-utilization offshore energy market in the region."
datetime: "2026-07-27T15:48:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293954330.md)
  - [en](https://longbridge.com/en/news/293954330.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293954330.md)
---

# Apollo Global to invest $1.5 billion in Keppel oil rig fund

July 27 (Reuters) - Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that will hold six operational oil rigs, the two companies said on Monday. The deal will help Keppel monetise its non-core assets and unlock capital for re-investment, while allowing Apollo to tap into the region’s offshore energy market, which is seeing high utilization rates and

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