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Keppel secures three new offshore vessel contracts

3 January 2013

Keppel

Singapore-based Keppel Offshore & Marine has announced that it has won three new contracts with a total value of S$420m ($343m), bringing its total order wins for 2012 to S$9.9bn.

Two of the three new contracts were secured by Keppel Singmarine, while the third contract was won by Keppel Shipyard.

Hydro Marine Services, a subsidiary of McDermott International, has awarded a contract to Keppel Singmarine to construct a high-specification deepwater pipelay (S-Lay) vessel.

The vessel will be developed to support advanced pipelay operations where pipelines are installed at water depths of about 10,000ft.

Developed by Keppel's Marine Technology Development, the vessel will be equipped to reach efficient pipelay rates for long trunklines, and will be able to function in tough weather conditions and offer significant thrust output and power distribution.

Keppel is expected to commence work on the pipelay vessel in the first quarter of 2013 and complete it within two and a half years.

"Two of the three new contracts were secured by Keppel Singmarine, while the third contract was won by Keppel Shipyard."

Keppel Singmarine won its second contract from Australia-based Bhagwan Marine to construct a catamaran air dive support vessel (DSV) for Apache Energy.

To be designed by Incat Crowther, the DSV will be of twin-hull configuration (catamaran), according to Keppel.

Once completed in the first quarter of 2014, the catamaran will be deployed in the north-west of Western Australia to support Apache Energy's operations.

Keppel's third contract came from EMAS Offshore Construction and Production for the modification and upgrade of an existing floating production storage and offloading (FPSO) facility, Lewek Arunothai.

Under the contract, Keppel Shipyard will install new structures, piping systems and deck crane, in addition to renovating the living quarters and undertaking fabrication and installation of the rigid arm and external turret mooring systems.

Upon completion of the upgrade in the second quarter of 2013, the FPSO will be able to handle 100 million standard cubic feet per day (MMscfd) of gas, 1,000 barrels per day (bpd) of condensates and 500bpd of water.

It is proposed to be used as an early production system in the Kamelia field, located in the Malaysia/Thailand Joint Development Area (JDA) in the North Malay Basin.


Image: Keppel Offshore & Marine's subsidiaries have won three new contracts worth a total of SGD420m ($343m). Photo courtesy of Keppel.