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Keppel awarded world's first VLCC to FDPSO conversion

Keppel awarded world's first VLCC to FDPSO conversion

Singapore: Keppel Offshore & Marine subsidiary Keppel Shipyard has won a contract from Prosafe Production worth about S$100m ($69.3m) for the world's first conversion of a Very Large Crude Carrier (VLCC) tanker into a Floating, Drilling, Production, Storage and Offloading facility (FDPSO).

"We are excited at the prospect of building the world's first FDPSO for our long-time customer Prosafe," said Nelson Yeo (pictured), executive director of Keppel Shipyard. "The FDPSO concept represents a cost-efficient solution for drilling and producing in deepwater fields."

Upon completion of the conversion by late 2008, the FDPSO will boast a moonpool used for drilling purposes and have an oil storage capacity of about 1,300,000 bbls. Its gas compression capacity will be 18 MMscfd and its production capacity will be 40,000 bopd. Its drilling package modules and derrick will be integrated into the FDPSO.
Singapore-based Prosafe is a major owner and operator of FPSO and FSO facilities worldwide.  [27/11/07]