Keppel secures Floatel's US$315m contract

    

By Carine Lee

                          

Keppel Corporation on Tuesday said Keppel FELS Limited has finalised its US$315 million contract with Floatel International Ltd to build an accomodation semisubmersible.

The two companies had signed a letter of intent in March for the new generation harsh environment accommodation semisubmersible.

To be delivered in early 2015, the new semi will be built to the Floatel Superior design, a DSS 20NS design developed by GustoMSC and Keppel FELS' Deepwater Technology Group. Equipped with Dynamic Positioning (DP) 3 capability, it will meet the most stringent rules and regulations for worldwide operations including the Norwegian Sector.

It will be able to accommodate 440 persons in single bed cabins.