Keppel O&M Secures Contracts from MTOPS, SMB Offshore

Keppel Offshore & Marine (Keppel O&M), through its subsidiaries – Keppel FELS Brasil and Keppel Shipyard – have secured two contracts worth $161 million (SGD 200 million) from repeat customers, the company disclosed late Tuesday.

Keppel FELS Brasil's contract is with MODEC and Toyo Offshore Production Systems (MTOPS) to integrate the topside modules of a floating production storage and offloading (FPSO) unit. The project will be carried out at BrasFELS, Keppel FELS Brasil's yard in Brazil.
The FPSO, a project by MODEC and its partner Schahin Group, has been chartered for operations offshore Brazil for 20 years.

Integration works for the FPSO will take place from 3Q 2014 to 3Q 2015. The completed unit will have a production capacity of 150,000 barrels of oil per day and storage capacity of 1,600,000 barrels of oil.

Keppel Shipyard has meanwhile been engaged by SBM Offshore to fabricate an internal turret for a newbuild FPSO, which will be installed in the Ichthys Field, offshore Western Australia. Inpex awarded SBM Offshore the contract to engineer, procure, fabricate and supply the turret in February last year. The contract also includes assistance during the integration of the turret into the FPSO as well as during installation on the field. Installation is slated to start in mid-2015.

Keppel Shipyard's work on the 6,800-tonne Ichthys FPSO turret is scheduled to complete by Q3 2014.

"We are pleased to be selected by our customers for repeat projects as these are strong affirmations of the quality of our services. BrasFELS and MTOPS' first FPSO project was delivered safely and 19 days ahead of schedule; the second project is underway and on track for delivery in 2Q 2014. Keppel Shipyard has collaborated with SBM Offshore on some 17 major conversion and fabrication projects," Keppel O&M's CEO, Tong Chong Heong, said in a statement.

Keppel Shipyard's ongoing projects for SBM Offshore are the conversion of FPSO OSX-2 for Brazil as well as modification and upgrading of FPSO N’Goma for Angola. SBM Offshore is also working with Keppel Singmarine on the newbuilding of a multi-purpose dive support construction vessel.

Quintella has reported on the upstream and downstream oil and petrochemicals markets from 2004. Email Quintella at quintella.koh@rigzone.com.

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