Keppel to convert world's first FDPSO

Nov. 26, 2007
Keppel Shipyard has been awarded a $100-millon contract by Prosafe Production to convert a tanker into an FDPSO.

Offshore staff

SINGAPORE -- Keppel Shipyard has been awarded a $100-millon contract by Prosafe Production to convert a tanker into an FDPSO. This will be the world's first converted FDPSO, according to Keppel.

Keppel Shipyard will convert a VLCC-size tanker into an FDPSO built with a moonpool and derrick for drilling. The drilling modules and derrick will be integrated into the converted vessel, which will have capacity to store 1.3 MMbbl of oil and process 18 MMcf/d of gas and 40,000 b/d of oil.

Conversion is expected to be completed by late 2008.

"We are excited at the prospect of building the world's first FDPSO for our long-time customer Prosafe," says Nelson Yeo, executive director of Keppel Shipyard. "The FDPSO concept represents a cost-efficient solution for drilling and producing in deepwater fields."

11/26/2007