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Keppel O&M bags projects worth S$300m

Singapore: Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited (Keppel Shipyard) and Keppel FELS Brasil SA (Keppel FELS Brasil), has secured three contracts worth a total of about S$300m.

The first two projects, secured by Keppel Shipyard from repeat customers, are for the construction of a derrick lay barge and the modification of a Floating Production Storage and Offloading (FPSO) vessel. The third project, awarded to Keppel FELS Brasil through BrasFELS, is from a new customer Noble Drilling (Nederland) for the completion of a deep drilling semisubmersible (semi).

Keppel Shipyard exec dir, Nelson Yeo said, "During these uncertain times, we are encouraged by the confidence shown to us by our repeat customers who appreciate our good quality and service. We look forward to the continued partnership and completing projects to their satisfaction."

Bumi Armada Berhad (Bumi Armada), which is currently converting their FPSO Armada Perdana at the yard, has contracted Keppel Shipyard for the construction of a derrick lay barge for pipe laying operations in waters of up to 100m in depth. It will be built in two separate hull strips and mechanically completed in Keppel Shipyard before being transported through the narrow Volga-Don River Canal System to a shipyard in the Caspian Sea for the joining of the vessel. The hull strips are expected to cross the canal by November 2009.

The second project is from Single Buoy Moorings Inc (SBM) for the modification of FPSO Capixaba, which was a fast-track conversion carried out by Keppel Shipyard in 2006. The new work scope includes the installation of four new modules and the associated integration plus modification of the existing topsides and turret.

The FPSO is currently deployed in the Golfinho field, Brazil, and is expected to arrive at Keppel Shipyard in August, 2009. FPSO Capixaba will be modified and upgraded for operation in the Cachalote field in offshore Brazil. The vessel is expected to be back in operation in Brazil in early 2010.

Keppel Shipyard's projects with SBM currently also include the major conversion of FPSO P-57 and FPSO Okha and the construction of FPSO Skarv's internal turret for SBM.

At present, Keppel Shipyard is carrying out ten other major conversions and upgrading projects at its yards.  [31/03/09]

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