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April 7, 2016

Keppel secures FPSO project with Modec

Keppel Offshore & Marine (Keppel O&M) has secured a floating production storage and offloading (FPSO) module fabrication and integration project with Modec Offshore Production Systems (Singapore) for $135m.

Keppel Offshore & Marine (Keppel O&M) has secured a floating production storage and offloading (FPSO) module fabrication and integration project with Modec Offshore Production Systems (Singapore) for $135m.

The company won the contract through its subsidiary Keppel FELS Brasil’s BrasFELS shipyard.

As part of the project, BrasFELS will carry out fabrication and integration works of nine topside production modules for the FPSO Cidade de Campos dos Goytacazes MV29 vessel.

BrasFELS is expected to receive the vessel by the first quarter of 2017 for the integration phase.

Keppel FELS Brasil CEO and president Kwok Kai Choong said: "We are pleased to support our long-standing customer MODEC with another important project for Brazil’s oil and gas industry.

"The vessel has a storage capacity of 1.6 million barrels of oil."

"Having delivered a number of milestone offshore and marine projects for the country, BrasFELS has built-up a strong track record and established itself as a provider of offshore solutions with strong local content."

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Upon completion, the FPSO will be capable of processing 150,000bopd and five million cubic metres of gas per day.

The vessel has a storage capacity of 1.6 million barrels of oil.

Set to depart the shipyard in the third quarter of 2017, Cidade de Campos will be deployed at Tartaruga Verde and Tartaruga Mestiça fields located in the Campos Basin, off the coast of Rio de Janeiro, Brazil.

Modec executive managing officer Sateesh Dev said: "We are very pleased to work with BrasFELS on a fifth FPSO project as they have always delivered to our satisfaction.

"Three units, which have been completed safely and ahead of schedule, are operating successfully in their respective fields. We look forward to working with them on our latest two FPSO collaborations."

At present, BrasFELS is integrating and commissioning the FPSO for Modec.

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