Offshore staff

Keppel Shipyard Ltd. and Keppel Verolme BV secured contracts to convert a tanker to a Floating Production Storage Offloading (FPSO) facility.

Conversion of the VLCCCapella to FPSO Mondo is the eighth such FPSO/FSO project Keppel is executing for Single Buoy Moorings Inc. The vessel is expected to be completed in 3Q07.

"We have recently completed the conversion of the FPSO Capixaba for SBM and are delighted to be awarded the new project with them," said Nelson Yeo, executive director of Keppel Shipyard.

The scope of work includes installation and integration of the topside modules, installation of an external turret and helideck, fabrication and installation of a flare tower, and bow modification work.

When completed, the floating system will be leased by SBM to ExxonMobil for deployment in Mondo Field, Block 15 offshore Angola for the Kizomba C Development.

FPSOMondo will be capable of processing 100,000 b/d oil with a storage capacity for 1.6 MMbbl. The vessel will be moored in water depth between 720 and 760 metres.

6/7/06