Keppel Offshore & Marine’s subsidiary Keppel Shipyard has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about S$125m.
The FPSO conversion project Keppel Shipyard will be undertaking is for Armada Madura EPC, a joint venture between long-standing customer Bumi Armada and Shapoorji Pallonji Group.
“FPSOs continue to be the preferred product for deepwater production,” said Michael Chia, managing director (Marine & Technology), Keppel O&M.
Work on the FPSO conversion, which has commenced, is scheduled to complete in 3Q 2016. Upon completion, the FPSO will produce for the Madura Strait Block BD which is located 65 km east of Surabaya and about 16 km south of Madura Island, Indonesia.
Separately, Keppel Shipyard has been awarded repair, upgrade and modification contracts by Totem Ocean Trailer Express, Dolphin Drilling and Saipem Offshore.