Singapore: Keppel Offshore & Marine Secures $51m Contract

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Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned company of Keppel Corporation Ltd, has secured two contracts with a combined value of about S$70 million ($51 million) in Brazil and Singapore.

In disclosure to the Singapore Exchange, Keppel O&M said the two contracts were secured through its wholly-owned subsidiaries.

In Brazil, Keppel FELS Brasil has been engaged by its long-standing customer, MODEC Offshore Production Systems (Singapore), part of the MODEC Inc group, to undertake the topside module fabrication and integration of the FPSO Carioca MV30, a floating production storage and offloading (FPSO) vessel.

This is the sixth FPSO collaboration between Keppel FELS Brasil and MODEC.

In Singapore, Keppel Shipyard has been entrusted with the conversion of a LNG Carrier to a floating storage and re-gasification unit (FSRU) by a leading globa operator of oil and gas production vessels.

“Keppel O&M has a strong track record in production, storage, gasification or liquefaction vessels, having successfully delivered more than 130 of such units over the years,” said Chris Ong, CEO of Keppel O&M.

BrasFELS shipyard, Keppel FELS Brasil’s facility in Angra dos Reis, Rio de Janeiro, Brazil, will commence the fabrication of the modules for the FPSO in Q4 2018.

When completed, the FPSO Carioca MV30 will have the capacity to process 180,000 barrels of crude oil per day and 212 million cubic meters of gas per day. The unit’s storage capacity is 1.4 million barrels of crude oil.

The FPSO will be deploye4d at the Sepia field, which is located in the pre-salt region in the Santos Basin, some 250 kilometers off the coast of Rio de Janeiro, Brazil.

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Keppel Shipyard has previously delivered three FSRUs, including the world’s first FSRU conversion. With the increase in demand for LNG in power generation, FSRUs are a fast, flexible, cost-effective, safe and environmentally-friendly storage and regasification solution that is well suited for deployment in remote areas with smaller energy requirements.

The world’s first converted FLNG vessel, Hilli Episeyo, has achieved final acceptance and commenced commercial operations for Perenco in Cameroon. This was accomplished within four years of the contract award to Keppel Shipyard.

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