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Keppel Offshore & Marine inks $186m in new contracts

Photo: Keppel O&M Keppel Shipyard Aerial (002).jpg
Keppel Offshore & Marine unit Keppel Shipyard has bagged SGD250m ($186.2m) in conversion, integration and jumboisation projects.

The contracts are for the conversion of an LNG carrier to an FSRU for GasLog for deployment offshore Northern Greece. It is Keppel Shipyard’s sixth conversion.

The yard’s scope of work for this project includes the EPC of the regasification skid, as well as the supporting systems such as boilers, spread-mooring, offloading, electrical and automation systems.

The second contract is with MODEC Offshore Production Systems (Singapore) for the installation and integration of topside modules on board the Bacalhau FPSO. The hull of the FPSO is expected to arrive in Singapore in 2H 2022, with delivery scheduled for 2H 2023.

The completed FPSO is to be deployed offshore Brazil for Equinor.

Meanwhile Royal Boskalis Westminster has contracted the Singapore yard for the jumboisation of two Trailing Suction Hopper Dredgers (TSHD).

Each vessel’s overall length from its existing 156 metres to 201 metres upon completion.

Keppel said work on the first TSHD has commenced and it is expected to be re-delivered in 2Q 2022, while the second TSHD is scheduled for arrival in 3Q 2022 with re-delivery in 4Q 2022.

Chor How Jat, Managing Director (Conversions & Repairs), Keppel Offshore & Marine, said, “We are pleased to secure contracts from repeat customers amidst the challenging industry environment and disruptions caused by Covid-19.

“This is testament to our customer-focused mindset and execution expertise, which enable us to consistently provide quality, reliable, and value-added solutions for customers. We have also demonstrated our resilience and operational excellence in delivering our projects well despite the challenges posed by the pandemic over the last two years.”

Keppel Offshore & Marine is currently in merger talks with rival Singapore yard Sembcorp Marine with a definitive agreement expected by end of Q1.




TAGS: Offshore Asia