Keppel Nabs USD 96 Mn in Contracts

Business & Finance

Singapore-based shipbuilder Keppel Offshore & Marine (Keppel O&M) has, through its wholly-owned subsidiaries, won projects worth a combined value of approximately SGD 130 million (USD 96.1 million).

“We are pleased that our repeat customers continue to choose us as their preferred partner for their FPSO projects. It is a testament to our proven track record and expertise in a comprehensive range of services and proprietary technology for production assets,” Chris Ong, CEO of Keppel O&M, said.

Keppel FELS Brasil’s BrasFELS shipyard has secured hull carry over work for the floating production storage and offloading (FPSO) unit P-69 from Tupi BV, a Petrobras-led consortium.

The consortium is formed by Petrobras Netherlands B.V. with 65 pct; Shell with 25 pct; and Petrogal Brasil with 10 pct.

The additional work scope on P-69 includes the installation of equipment and cables for the hull as well as the commissioning of marine systems.

BrasFELS was initially contracted to undertake the fabrication, integration, testing and commissioning of the topside modules for P-69. The yard has since completed module fabrication for P-69, and is currently undertaking integration and commissioning of the topside modules.

P-69 is scheduled to depart BrasFELS in 2018 for the Santos Basin pre-salt region. When delivered, it will have a production capacity of 150,000 barrels of oil per day (bopd) and 6 million cubic meters of gas per day. It will also have a storage capacity of 1.6 million barrels of oil.

Keppel Shipyard’s contract from SOFEC is for the fabrication of a turret mooring system for a newbuild floating liquefied natural gas (FLNG) vessel bound for the Coral South FLNG Project in offshore Mozambique.

The fabrication is scheduled to commence in the first quarter of 2018 with the delivery of the turret components expected in the first quarter of 2020.