Keppel Wins Drilling Rig, FPSO Work

April 17, 2019

Keppel O&M has secured integration and upgrading contracts from repeat customers, including a work scope at Keppel Shipyard (pictured). (Photo: Keppel O&M)
Keppel O&M has secured integration and upgrading contracts from repeat customers, including a work scope at Keppel Shipyard (pictured). (Photo: Keppel O&M)

Singapore based Keppel Offshore & Marine announced Wednesday it has won two contracts: one from Diamond Offshore for the upgrade of the drilling semisubmersible rig Ocean Onyx, and the other from an unnamed operator for fabrication and integration work on a floating production storage and offloading (FPSO) vessel. The two deals are worth about S$160 million (US$118.3 million) combined.

Keppel O&M subsidiary Keppel FELS will perform engineering, fabrication and installation of new pontoons, columns, bracings and a wing deck for Ocean Onyx, scheduled for delivery in the second half of 2019.

The rig, which was first upgraded in 2012 by Keppel AmFELS, Keppel O&M's yard in the US, from an old semisubmersible rig, will initially be deployed offshore Australia.

Diamond Offshore and Keppel FELS have collaborated on more than 12 projects since 2005. Karl Sellers, Senior Vice President - Technical Services of Diamond Offshore said, "Keppel FELS has proven to be a reliable partner for our rig repairs and upgrades over the years and we are pleased to work with them again on the upgrade of Ocean Onyx."

Under the other contract, another Keppel O&M subsidiary, Keppel Shipyard, will build several topside modules, the riser balcony, the spread-mooring and the umbilical support structures as well as installation and integration of associated equipment and all topside modules onto an FPSO for an unnamed customer. Work is expected to commence in the third quarter of 2019, and delivery is scheduled for 2021.

Chris Ong, CEO, Keppel O&M, said, "These contracts from repeat customers are testament to Keppel O&M's strong customer service in delivering on time, within budget and safely as well as our extensive track record in modification and upgrading projects for a wide variety of products such as FPSOs and drilling rigs.

"With strong engineering expertise and project management capabilities, we work closely with our clients to understand their requirements and provide customized, reliable, cost-efficient and value-added solutions."


(1 SGD = 0.739262 USD)



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