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Wednesday, 21 July 2010

Keppel wins S$170 mln worth of Brazilian projects

By ANGELA TAN


Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited and Keppel FELS Brasil SA, has secured two contracts totalling S$170 million.

The contracts were clinched from repeat customers for the conversion of a Floating Production Storage and Offloading (FPSO) vessel and repair of a semisubmersible (semi) drilling rig respectively.

The first contract is for the conversion of the Very Large Crude Carrier (VLCC), M/T Theseus, into an FPSO facility for Single Buoy Moorings Inc (SBM).

Work is expected to commence in the third quarter of 2010. Scheduled to leave Keppel Shipyard in the first quarter 2012, the vessel will head to Brazil where the installation and integration of topsides will be completed.

The second contract is by Keppel FELS Brasil with Queiroz Galvao Oleo e Gas (QGOG) for the repair and maintenance of their semi drilling rig, Alaskan Star.

Expected to be completed in October 2010, the rig will be chartered to Petrobras for deployment in the Campos Basin, Rio De Janeiro, offshore Brazil.

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