Keppel wins work on Petrobras FPSO and Eni FLNG

Singapore’s Keppel Offshore & Marine (Keppel O&M) has secured projects from repeat customers Petrobras and SOFEC worth a combined value of approximately S$130 million ($96.2M).

The projects were secured through Keppel O&M’s wholly-owned subsidiaries, Keppel FELS Brasil S.A. and Keppel Shipyard Ltd, the company said on Monday.

Chris Ong, CEO of Keppel O&M, said, “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.”

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 consortium formed by Petrobras Netherlands B.V., operator with 65%; Shell with 25%; and Petrogal Brasil with 10%), which is represented by Petrobras.

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.

Furthermore, 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 Eni-operated Coral South FLNG project offshore Mozambique. Fabrication is scheduled to start in 1Q 2018 with delivery of the turret components expected in 1Q 2020.

In related news, Eni last week achieved financial close for a total amount of around $4.7 billion for the Coral South FLNG multi-sourced project financing.