Keppel gets US$120 million contracts

October 7, 2014

Keppel Offshore & Marine Ltd. (Keppel O&M) wholly owned subsidiaries Keppel Shipyard Ltd and Keppel Nantong Shipyard Co. Ltd were awarded contracts worth approximately US$120 million.

From Keppel
 

Bumi Armada Berhad awarded Keppel Shipyard a contract for the conversion of a floating production storage and offloading (FPSO) vessel for its subsidiary Armada Cabaca Ltd. that will be producing for the Angola Block 15/06 east hub project located 350km northwest of Luanda, Angola.

Keppel Shipyard began work on the FPSO conversion, which is scheduled for completion in 2Q 2016. The work includes refurbishment and life extension works, upgrading of living quarters to accommodate 100 personnel, installation and integration of an external turret mooring system and topside process modules. The FPSO will have a storage capacity of 1.7 million barrels and will be able to handle up to 80,000bbl/d, 120,000 barrels per day of water injection, and 120MMcf/d of gas handling.

Royal Boskalis Westminster Group awarded Keppel Nantong a contract to build a submersible barge for its subsidiary Smit Shipping Singapore Pte. Keppel Nantong began constructing the newest and third barge, Giant 7, for Smit Shipping for use in the Wheatstone project located 12km west of Onslow off the Pilbara coast of Western Australia. Giant 7 is scheduled to be completed in 2H 2015, while Giant 5 and 6 are on track for completion in end 2014 and early 2015 respectively.

Last month, Qatar’s Gulf Drilling International awarded Keppel FELS a $227 million contract to build a repeat high-specification KFELS B Class jackup rig. Keppel FELS began preparations for the new jackup, Halul, which is scheduled for delivery in 1Q 2016. Upon delivery, Halul will be chartered to Qatar Petroleum for five years.



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