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Keppel Shipyard bags twin conversion contracts worth $160m

Keppel Shipyard bags twin conversion contracts worth $160m

Singapore: Keppel Shipyard has secured two contracts worth $160m to convert a Floating Production Storage and Offloading (FPSO) vessel for Single Buoy Moorings Inc (SBM), and a livestock carrier for an affiliated company of Hijazi & Ghosheh Co.

"We are delighted to be awarded our 15th project from SBM, on the back of the recent successful deliveries of P-57, the BP Skarv Turret and FPSO Capixaba. Hijazi & Ghosheh, a major livestock carrier owner and operator has also returned to us to convert a second livestock carrier," said Nelson Yeo, Keppel Shipyard md. "These contracts demonstrate the strong partnerships we have established with our valued customers over the years."

Keppel Shipyard's latest project from SBM is for the conversion of the VLCC M/T Bauhinia, into an FPSO facility for the Block I oil field, Aseng, located offshore of Equatorial Guinea. Work is expected to commence in the second quarter of 2010 and completed in the third quarter of 2011. The scope includes refurbishment and life extension works, accommodation block extensions, the fabrication and installation of a flare tower, an internal turret and topside module supports, as well as the installation and integration of topside modules.

The second contract is to convert a vehicle carrier, Merlion Ace (pictured), into a livestock carrier for Merlion Ace Compania Naviera S.A, an affiliate of Hijazi & Ghosheh Co. The work scope includes design engineering, procurement of major equipment, modification of ship structural, piping and electrical systems. To be renamed Ghena, the vessel is targeted for completion in the third quarter of 2010, and will ply the route between Australia and the Middle East.   [24/03/10]