Keppel grabs FPSO conversion contract

Keppel grabs FPSO conversion contract

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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