Keppel Shipyard bags $89m worth of contracts

Keppel Shipyard, wholly-owned by Singapore’s Keppel Offshore & Marine (Keppel O&M), will undertake the FPSO conversion project for Armada Madura EPC, a joint venture between Bumi Armada and Shapoorji Pallonji Group.

“This is our third conversion/upgrading project for the joint venture,” said Michael Chia, managing director (marine & technology) for Keppel O&M.

Work on the FPSO conversion is scheduled to be completed in the third quarter of 2016. The FPSO will then produce for the Madura Strait Block BD located 65km east of Surabaya and about 16km south of Madura Island, Indonesia.

Separately, Keppel Shipyard has been awarded repair, upgrade and modification contracts by Totem Ocean Trailer Express, Dolphin Drilling and Saipem Offshore Norway.

“Despite the headwinds faced by the industry due to the current low oil price environment, Keppel Shipyard continues to receive active enquiries for its wide range of expertise including repair works and LNG solutions,” Chia said.

Keppel Shipyard’s contract with Totem Ocean is for the world’s first conversion of a lrage ro-ro cargo vessel to operate on a dual-fuel diesel LNG propulsion system.

The shipyard’s work for a drillship of Dolphin Drilling, Belford Dolphin, includes renewal survey and modification, while for its project with Saipem Offshore, the yard will undertake major refurbishment and upgrading works, as well as living quarters extension.