Keppel Offshore Win S$125 Million In Oil And Gas Work

Published at 05:07PM - 29/12/15

Keppel Offshore & Marine, have won over S$125 million (US$88m) of work from the offshore oil and gas industry.

The news was announced Tuesday (29th Dec) were the Singaporean company confirmed that, the work involved 4 contracts which, had all been won from repeat customers.

Keppel Offshore Singapore

The bulk of the work had been given to Keppel Offshore’s Singapore shipyard, divided between two separate contracts. Both contracts are for the conversion of oil and gas Floating Storage Units (FSU).

The first will see the shipyard complete work on an LNG FSU for Bumi Armada. The vessel is destined for work in Malta once complete in the third quarter of 2016.

Commenting on the award, Keppel’s CEO, Mr Chow Yew Yuen, said:  “Even in challenging market conditions, we are glad to be the choice yard for operators. This is the 14th conversion/upgrading project that we are undertaking for Bumi Armada.”

“The confidence shown in us is a reflection of Keppel’s proven track record in delivering quality products competitively, with high standards of safety and to customers’ satisfaction.”

The yard’s second conversion job will see them work on an FPSO for Yinson Production. The work involves adding new process topsides, including all piping, instrumentation, and is scheduled to start in the first quarter of 2016.

Once complete the FPSO is destined to operate offshore Ghana.

Keppel Offshore International

Keppel has also won two further contracts for its Brazilian and Caspian yards.

The firms Brazilian yard has won a contract from MODEC Offshore Production Systems, on the Cidade de Caraguatatuba MV27 FPSO, for integration and commissioning of the vessel.

Keppel’s Caspian shipyard will complete work on a BP operated barge used to launch steel jackets for offshore platforms in the area.

Mr Chow said, “With our wide spectrum of offshore and marine solutions, we are able to serve the various needs of the industry, be it in oil production or offshore support services.