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Keppel Offshore & Marine bags $122.3m Bumi Armada and Boskalis contracts

Keppel Offshore & Marine bags $122.3m Bumi Armada and Boskalis contracts
Keppel Offshore and Marine (Keppel O&M) has been contracted to build an FPSO and a submersible barge for SGD153m ($122.3m).

Keppel O&M subsidiary Keppel Shipyard has undertaken an FPSO conversion for Bumi Armada subsidiary Armada Cabaca, while Keppel Nantong Shipyard will build a submersible barge for Smit Shipping Singapore, a subsidiary of Royal Boskalis Westminster Group.

Work on the FPSO conversion, which includes life extension works, accommodation upgrades, topsides and an external turret mooring system, has already begun and will be completed for the second quarter of 2016. Upon completion the unit will be deployed in Angola where it will be capable of storing 1.7m barrels of oil and handling 80,000 barrels of oil per day with 120,000 barrels of water injection.

At Keppel Nantong, Smit Shipping's barge, Giant 7, is the third of its kind to be built for the company. Giants 5, 6 and 7 are all under construction and due to be deployed on the Wheatstone project in Australia when they are delivered at the end of 2014, early 2015 and second half of 2015 respectively.