Keppel clinches two vessel construction contracts

Keppel Shipyard has won new contracts totaling S$170 million ($132.46 million) for two fasttrack projects.

Offshore staff

SINGAPORE -- Keppel Shipyard has won new contracts totaling S$170 million ($132.46 million) for two fasttrack projects. These involve completing the newbuild Castorone pipelay vessel for Saipem, and converting a tanker to an n FSO vessel for Bumi Armada Berhad.

For theCastorone, the main work scope includes detailed engineering, constructing marine systems and outfittings, installing and integrating marine and pipelay equipment, and commissioning marine systems and sea trials. Keppel Singmarine, will jointly execute this program with Keppel Shipyard.

Castorone should arrive at Keppel Shipyard towards the end of this month, and should be delivered in mid-2012. The vessel will incorporate a DP-3 dynamic positioning system and will be able to perform S-lay of triple-jointed 12-m (39 ft), or double-jointed 18-m (59-ft) pipes of up to 60-in (152 cm) diameter. It will also be equipped to accommodate a fixed tower for pipelay in the ‘J' lay mode at a future point.

Work on the Bumi Armada conversion job started earlier this year. This program includes refurbishment and life extension works, fabrication and installation of a cargo offloading balcony and helideck, installation and integration of a 12-point spread mooring system, and upgrading of accommodation facilities.

The converted FSO will have oil storage capacity of 500,000 bbl. It should be ready for service in the second half of this year on the Sepat oilfield in block PM 313, off the eastern coast of peninsular Malaysia.

Keppel Shipyard also is converting of an FPSO for Bumi Armada, destined for the Te Giac Trang oilfield development offshore southern Vietnam.

03/14/2011

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