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Two of Keppel Offshore & Marine Ltd wholly owned subsidiaries have secured $122mn worth of contracts for the provision of shipping services for onshore and offshore oil projects.
Keppel Shipyard’s contract is for the conversion of a floating, production storage and offloading (FPSO) vessel for Armada Cabaca Limited, a wholly owned subsidiary of Bumi Armada, Malaysia-based offshore oilfield services provider.
Keppel Nantong’s contract is for the construction of a submersible barge for marine service company Smit Shipping Singapore Pte Ltd (Smit Shipping), a wholly-owned subsidiary of the Dutch Royal Boskalis Westminster Group.
Keppel Shipyard’s work on the FPSO conversion for Bumi Armada is scheduled to complete in 2Q 2016. The yard’s work scope for this project 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 1.7mn barrels and will be able to handle up to 80,000 bopd, 120,000 bpd of water injection, and 120mn standard ft3 per day of gas handling. When completion it will be producing for the Angola Block 15/06 East Hub Project that is located 350km northwest of Luanda, Angola.
“The award of these contracts from Bumi Armada and Smit Shipping affirms the confidence that repeat customers have in the quality of our products and the timeliness which we deliver with,” said Michael Chia, managing director, Marine and Technology, Keppel O&M.
“Such high level of standards in safety, customer service, and operational excellence can be found across our global yards.In working with these customers who have shown great faith and support in us, we will draw from our working experiences in previous and on-going projects to continuously improve our performance and provide value-added services.”
