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Keppel wins Lukoil order for FSO

Keppel wins Lukoil order for FSO

Singapore: Keppel Singmarine has secured a S$135m contract to build a  Floating Storage Offloading system (FSO) unit for Lukoil NVN, a  subsidiary of the Russian oil major.

The 28,000dwt non-propelled  vessel is a new design by Marine Technology Development, the design  arm of Keppel Singmarine, and will be used in the Caspian to receive incoming crude oil from a stationary production platform, store it  and eventually offload it to shuttle tankers.

Hoe Eng Hock, executive  director of Keppel Singmarine, a unit of Keppel Corp, said "this is  our first FSO newbuild ... (and) is designed for operations in cold  temperatures up to minus 20 degrees Celsius in ice thickness of 60cm.  As the development of oil and gas fields in harsh environments such  as the Caspian Sea and the Arctic Circle gathers pace, we are  allocating resources and expertise to become the provider of choice  for customers seeking innovative solutions in specialized ice-class  vessels to operate in difficult weather conditions."  [18/12/06]