Keppel secures contracts worth $99 million

Keppel Offshore & Marine Ltd. subsidiary Keppel Singmarine Pte. Ltd. has secured a repeat contract from Greatship Global Offshore Services Pte. Ltd. to build two platform supply vessels (PSVs).

Offshore staff

SINGAPORE -- Keppel Offshore & Marine Ltd. subsidiary Keppel Singmarine Pte. Ltd. has secured a repeat contract from Greatship Global Offshore Services Pte. Ltd. to build two platform supply vessels (PSVs).

The DP-2 PSVs, measuring 94 m (308 ft) in length, will be equipped with electric propulsion systems powered by 8160 KW (total) generators. Each vessel will have accommodation for 64, a design speed of 14.5 knots, and cargo capacity of 4600 dwt.

The PSVs will be delivered between the end of 2009 and 1Q 2010.

Meanwhile, Keppel AmFELS Inc. has received a contract from Diamond Offshore Services Co. to modify and extend the life of the semisubmersible,Ocean Yorktown.

Work is scheduled for completion in March 2008.

The total value of these contracts is $99 million.

8/6/2007

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