Keppel wins $164 million Mexican platform contract

The Keppel SLP Consortium won a $164 million contract to build two accommodation platforms in an international tender by Pemex Exploración y Producción (PEP), a subsidiary of Petróleos Mexicanos (Pemex), Mexico's national oil company.

The Keppel SLP Consortium won a $164 million contract to build two accommodation platforms in an international tender by Pemex Exploración y Producción (PEP), a subsidiary of Petróleos Mexicanos (Pemex), Mexico's national oil company.

The accommodation platforms, to be calledHA-KU-S and HA-KU-M, are to be installed in the Ku-Maloob-Zaap field in the Bay of Campeche, Gulf of Mexico, by 3Q 2006.

The Keppel SLP Consortium comprises four partners: Keppel Offshore & Marine USA Inc. (Keppel O&M USA), SLP Engineering Ltd., Keppel AmFELS Inc., and Gulf Island LLC. Keppel Offshore & Marine (Keppel O&M) will have 60% share of the consortium through its subsidiaries Keppel O&M USA and Keppel AmFELS.

Keppel O&M USA and SLP Engineering will together undertake project management, design and engineering, procurement, hook-up, and commissioning of the platforms. Keppel AmFELS will build the accommodation modules, while Gulf Island will fabricate the jackets, piles, and deck leg modules. Installation of the jackets and platforms will be undertaken by PEP.

Construction will take place at the Keppel AmFELS yard, located along the Brownsville Navigation Ship Channel in Texas. The yard, formerly AMFELS Inc., was renamed on Nov.15. "Keppel AmFELS delivered the jackup drilling rig,TONALA, a KFELS B class, to Perforadora Central for service with Pemex, earlier this year. With this latest contract, we are glad that we are gaining a foothold in this important market," said Tong Chong Heong, managing director and COO of Keppel Offshore & Marine and chairman of Keppel AmFELS.

112/10/04

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