Keppel clinches $120M in orders from repeat clients

  • Business & Finance

Keppel Offshore & Marine’s subsidiaries Keppel Shipyard and Keppel Nantong have secured contracts from repeat customers worth a total of S$153 million (USD 119.7 million).


 

Keppel Shipyard’s contract is for the conversion of a Floating Production Storage and  Offloading (FPSO) vessel for Armada Cabaca Limited, a wholly owned subsidiary of  Bumi Armada Berhad (Bumi Armada) while Keppel Nantong’s contract is to construct a  submersible barge for Smit Shipping Singapore Pte Ltd (Smit Shipping), a wholly-owned  subsidiary of Royal Boskalis Westminster Group.

Michael Chia, Managing Director (Marine & Technology), Keppel O&M, said, “The  award of these contracts from Bumi Armada and Smit Shipping affirms the confidence  that repeat customers have in the quality of our products and the timeliness which we  deliver with. Such high level of standards in safety, customer service, and operational  excellence can be found across our global yards.

“In working with these customers who have shown great faith and support in us, we will  draw from our working experiences in previous and ongoing projects to continuously  improve our performance and provide value-added services.”  

The  award of these contracts from Bumi Armada and Smit Shipping affirms the confidence  that repeat customers have in the quality of our products”

Keppel Shipyard has started work on the FPSO conversion for Bumi Armada  which is scheduled to complete in 2Q 2016. The yard’s work scope for this project  includes refurbishment and life extension works, upgrading of living quarters to  accommodate 100 personnel, installation and integration of an external turret mooring  system and topside process modules.

The FPSO, which will have a storage capacity of 1,700,000 barrels, will be able to  handle up to 80,000 barrels of oil per day (bopd), 120,000 barrels per day (bpd) of water  injection, and 120 million standard cubic feet per day (MMscfd) of gas handling. Upon  completion, the FPSO will be producing for the Angola Block 15/06 East Hub Project  that is located 350 km northwest of Luanda, Angola.

Over in China, work has also started for the barge that Keppel Nantong is building  for Smit Shipping. The new barge, Giant 7, will be the third such unit to be delivered by Keppel to the marine services company.

Giant 7 will join the first two units, Giant 5 and  Giant 6, which are still undergoing construction, to be deployed in the Wheatstone  project, 12 km west of Onslow off the Pilbara coast of Western Australia.  Giant 7 is slated to be completed in 2H 2015, while Giant 5 and 6 are on track for  completion in end 2014 and early 2015 respectively.

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