Keppel O&M wins contract for third Golar FSRU conversion

Singapore: Keppel Offshore & Marine Ltd reports it has won S$85 million worth of business from repeat customers, including its third Floating Storage and Re-gasification Unit (FSRU) conversion job for Golar LNG - through its local and overseas subsidiaries.

Following the successful delivery of the world's first two FSRUs, Golar Spirit and Golar Winter, Keppel Shipyard was awarded a third contract by Golar LNG to convert Golar Freeze from a Liquefied Natural Gas (LNG) Carrier into an FSRU.

The scope of work includes installing a re-gasification plant and power generators, and upgrading the control, electrical and marine systems. Chartered by Dubai Supply Authority, the FSRU will be permanently moored alongside a purpose-built jetty within the existing Jebel Ali port in Dubai. When completed in 2Q 2010, Golar Freeze will be capable of storing 125,000 cubic meters of LNG.

Keppel Shipyard also won a second contract for the refurbishment and life extension of Four Vanguard, an FPSO which it converted in 2003 for Four Vanguard Serviços E Navegaçao Lda, a company of the Premuda group. To be completed in 4Q 2009, the FPSO will be moored in the Woollybutt field on the North West shelf of Western Australia.

Also in Singapore, Keppel FELS secured a contract from Seadrill Ltd for the special survey, repair and upgrading of a jackup rig, West Janus. Reinforcing its reputation for quick turnaround services, the rig is expected to be delivered by end-August 2009. The scope of work includes steel renewal, leg repairs, modification of the shaleshaker house and the replacement of the top drive system.

Meanwhile, Keppel Nantong Shipyard has received an order to build two 45-ton bollard pull twin-screw Azimuth Stern Drive (ASD) tugboats from Keppel Smit Towage Pte Ltd (KST). These vessels will be built to Keppel O&M's proprietary design, developed by its technology unit, Marine Technology Development. Delivery of the two tugboats is expected in 2Q 2010. Including these vessels, Keppel Nantong is currently building a total of 11 tugboats for KST. [11/08/09]

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