Keppel Shipyard and Keppel Singmarine score new contracts

Singapore: Keppel Offshore & Marine have announced two contract wins to the value of S$368m, one each from subsidiaries Keppel Shipyard and Keppel Singmarine.
 
Keppel Shipyard has won an FPSO conversion job for Malaysian offshore firm Bumi Armada which involves refurbishment and life extension works, upgrading of living quarters to accommodate 90 personnel, installation of an internal turret mooring system as well as the installation and integration of topside process modules. 
 
Michael Chia, md marine & technology, Keppel Offshore & Marine, commented, “We are seeing an increasing demand for more sophisticated FPSOs which can operate in harsher environments, more challenging and deeper oil and gas fields.”
 
Keppel Singmarine won a contract to design and carry out fabrication and outfitting works for a subsea construction vessel from Baku Shipyard in Azerbaijan. The project  is for BP Exploration (Shah Deniz) and the first major contract secured by the shipyard, which was jointly developed by Keppel Offshore & Marine, State Oil Company of Azerbaijan Republic and Azerbaijan Investment Company.
 
Chia remarked, “As the first major contract for Baku Shipyard, a yard that Keppel has invested in and manages, the project also marks a significant milestone for Keppel as we continue to extend our Near Market, Near Customer strategy to bring our innovative solutions to the Caspian region. Earlier in 2014, we secured three contracts to build two ice-class supply vessels and an ice-class multi-purpose duty-rescue vessel which will be deployed in the Filanovsky oil field in northern Caspian Sea. We look forward to strengthening our track record in the Caspian region with the quality delivery of these projects.” [02/07/14]

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