Keppel secures vessel contracts totaling $59 million

Keppel Offshore & Marine has secured contracts totaling $59 million through its local and overseas subsidiaries.

Offshore staff

SINGAPORE -- Keppel Offshore & Marine has secured contracts totaling $59 million through its local and overseas subsidiaries. These include its third floating storage and re-gasification unit (FSRU) conversion job for GOLAR LNG.

Keppel Shipyard has won two contracts from repeat customers for an FSRU conversion, and the refurbishment and life extension of an FPSO.

Following the successful delivery of the world’s first two FSRUs, Golar Spirit and Golar Winter, GOLAR LNG has awarded Keppel Shipyard a third contract to convert Golar Freeze from an LNG carrier into an FSRU.

The scope of work includes installing a re-gasification plant and power generators, and upgrading the control, electrical, and marine systems.

Chartered by Dubai Supply Authority, the FSRU will be permanently moored alongside a purpose-built jetty within the existing Jebel Ali port in Dubai.

When completed in 2Q 2010, Golar Freeze will be capable of storing 125,000 cubic meters of LNG. The vessel will also have a maximum gas send-out capacity of 480 MMcf of re-gasified LNG per day for further delivery into the Dubai gas network.

On the second contract, Keppel Shipyard will undertake the refurbishment and life extension of Four Vanguard, an FPSO which it converted in 2003 for Four Vanguard Serviços E Navegaçao, a company of Premuda group.

Scheduled for completion later this year, the FPSO will be moored in the Woollybutt field on the North West shelf of Western Australia.

Meanwhile, Keppel Nantong Shipyard has received an order to build two 45-ton (41-metric ton) bollard pull twin-screw Azimuth Stern Drive (ASD) tugboats from Keppel Smit Towage Pte Ltd. (KST). These vessels will be built to Keppel O&M’s proprietary design, developed by its technology unit, Marine Technology Development.

Delivery of the two tugboats is expected in 2Q 2010. Including these vessels, Keppel Nantong is currently building a total of 11 tugboats for KST.

In Singapore, Keppel FELS secured a contract from Seadrill for the special survey, repair, and upgrading of jackup West Janus. The rig is expected to be delivered by the end of this month. The scope of work includes steel renewal, leg repairs, modification of the shaleshaker house, and the replacement of the top drive system.

Keppel AmFELS has completed the repair, refurbishment, and upgrading of the rigs Ocean Ambassador and Ocean Summit for Diamond Offshore. Both rigs were redelivered to Diamond Offshore on time, the company says. Ocean Ambassador is currently en route for work offshore Brazil with OGX, while Ocean Summit has begun operations for Pemex in Mexico.

08/11/2009

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