Keppel Offshore & Marine subsidiaries Keppel Shipyard and Keppel Singmarine Pte have secured contracts worth a total of S$368 million for North Sea and Caspian Sea projects.
Keppel Shipyard has won the contract for the conversion of a floating production storage and offloading (FPSO) vessel for Armada Kraken, a wholly owned subsidiary of Bumi Armada Berhad (Bumi Armada).
The new FPSO, which will operate EnQuest's heavy oil Kraken development, in the North Sea (pictured), will be a harsh-environment unit that is designed for operations in the North Sea. Work has started, says Keppel O&M, and the FPSO is scheduled for delivery in 3Q 2015.
When completed, the FPSO will be capable of producing the heavy-oil (API degree 14) in the Kraken field over 25 years.
In addition, the FPSO will be able to handle a peak fluid rate of 460,000bbl/d and 80,000bo/d, 275,000b/d of water injection, 20MMcf of gas handling and has a storage capacity of 600,000bbl.
Keppel Shipyard's work scope includes refurbishment and life extension works, upgrading living quarters to accommodate 90 personnel, installation of an internal turret mooring system, and installation and integration of topside process modules.
Keppel Singmarine has secured a contract from Baku Shipyard to design and carry out fabrication and outfitting works for a subsea construction vessel (SCV) which, when completed, will be deployed for the Stage 2 development of the Shah Deniz field, 70km offshore in the Azerbaijan sector of the Caspian Sea.
The SCV is a project that Baku Shipyard recently secured from Shah Deniz operator BP Exploration (Shah Deniz). It is the first major contract secured by the shipyard since its inauguration in September 2013.
Keppel Singmarine's work scope includes the design of the vessel, the fabrication of the hull strips and outfitting them with equipment and systems at its yard in Singapore. The hull strips will be shipped to Baku Shipyard for integration with other components fabricated by Baku Shipyard, and completion after commissioning works and sea trials. The SCV will be built to the proprietary design by Marine Technology Development, the ship design and development arm of Keppel O&M.
The SCV will provide support for the construction of subsea structures which will form the biggest subsea production system in the Caspian. Designed to work in 2.5m significant wave height (Hs), the vessel will be equipped with a dynamic positioning system, a 750-tonne heave compensated crane for 600m deep subsea operation, an 18-man, two-bell diving system, and two work-class remotely operated vehicles.
Baku Shipyard, in Baku, Azerbaijan, was jointly developed by Keppel O&M, State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC). Keppel O&M, SOCAR and AIC own 10%, 65%, and 25% share in the yard respectively. Keppel O&M is responsible for the management and operation of the yard.