Singapore’s Keppel Offshore & Marine has won four new contracts from repeat customers worth a total of around S$125m ($88.7m).
Keppel Shipyard in Singapore has secured two conversion contracts, an LNG floating storage unit for Bumi Armada’s Armada Floating Gas and an FPSO for Malaysia’s Yinson.
The LNG FSU conversion for Bumi Armada is scheduled for completion in the third quarter of 2016 and will operate at the Delimara LNG regasification terminal in Malta. The FPSO conversion for Yinson will commence in the first quarter of 2016 and once completed will be deployed to the Offshore Cape Three Point block offshore Ghana.
Additionally Keppel FELS Brasil has won a FPSO integration contract from MODEC Offshore Production Systems while Caspian Shipyard in Azerbaijan has secured a barge enhancement contract from BP.
“Even in challenging market conditions, we are glad to be the choice yard for operators,” commented Chow Yew Yuen, chief executive officer of Keppel Offshore & Marine.