Keppel wins contracts worth $89m

10 August 2015 (Last Updated August 10th, 2015 18:30)

Keppel Shipyard has secured a S$125m ($89m) contract for conversion of floating production storage and offloading (FPSO) vessel and three repair, upgrade and modification contracts.

Keppel Shipyard has secured a S$125m ($89m) contract for conversion of floating production storage and offloading (FPSO) vessel and three repair, upgrade and modification contracts.

The conversion contract has been secured from Armada Madura, a joint venture between Bumi Armada Berhad and Shapoorji Pallonji Group.

Keppel O&M managing director (Marine & Technology) Michael Chia said: "This is our third conversion/upgrading project for the joint venture.

"The FPSO conversion has already begun and is due for completion in the third quarter of 2016."

"FPSOs continue to be the preferred product for deepwater production and we are pleased that our customised FPSOs have proven to be efficient solutions for our customers."

The FPSO conversion has already begun and is due for completion in the third quarter of 2016.

The vessel will produce for the Madura Strait Block BD located 65km east of Surabaya and 16km south of Madura Island, Indonesia, upon completion.

Separately, Totem Ocean Trailer Express (Totem Ocean), Dolphin Drilling and Saipem Offshore Norway have awarded repair, upgrade and modification contracts to Keppel Shipyard.

Totem Ocean's contract is for the first conversion of a large roll-on/roll-off cargo vessel Midnight to operate on a dual-fuel diesel LNG propulsion system.

Under the terms of the contract, Keppel will undertake the replacement of four engines, adding 2,200m³ of LNG capacity in addition to 47km of new cabling.

Upon completion of conversion, the vessel will produce less greenhouse gas emissions.

Keppel Shipyard's work for a drillship of Dolphin Drilling, Belford Dolphin, includes renewal survey and modification.

For Saipem Offshore, the company will install a new 750t Abandon & Recovery winch and additional thruster in addition to living quarters extension for a field development ship.