Keppel nets nearly $120 million in new contracts
- Business & Finance
Keppel Offshore & Marine has secured integration and upgrading contracts worth a combined value of about S$160 million ($118.3M).
Keppel said on Wednesday that the contracts were secured through its subsidiaries, Keppel Shipyard and Keppel FELS.
The first contract is between Keppel Shipyard and an unnamed operator of oil and gas production vessels for fabrication and integration work on a Floating Production Storage and Offloading (FPSO) vessel.
The shipyard’s work scope includes the fabrication of several topside modules, the riser balcony, the spread-mooring and the umbilical support structures as well as installation and integration of associated equipment and all topside modules onto the FPSO.
Work is expected to start in 3Q 2019, and delivery is scheduled for 2021.
Diamond rig upgrade
The second contract is between Keppel FELS and Diamond Offshore for the upgrade of the drilling semi-submersible rig Ocean Onyx. Diamond Offshore and Keppel FELS have collaborated on more than 12 projects since 2005.
Keppel FELS’ scope of work on the semi-sub rig includes the engineering, fabrication and installation of new pontoons, columns, bracings and a wing deck. The Ocean Onyx was first upgraded in 2012 by Keppel AmFELS, Keppel O&M’s yard in the U.S., from an old semi-submersible rig.
Scheduled for delivery in 2H 2019, Ocean Onyx will initially be deployed offshore Australia. As previously reported, Ocean Onyx has been hired by Beach Energy for drilling in the Otway Basin offshore Victoria. The first well expected to be drilled in Beach’s Otway program will be the Artisan gas exploration well, which is located in the VIC/P43 permit.
Karl Sellers, Senior Vice President – Technical Services of Diamond Offshore said, “Keppel FELS has proven to be a reliable partner for our rig repairs and upgrades over the years and we are pleased to work with them again on the upgrade of Ocean Onyx.”
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