Keppel secures contract from MODEC and Toyo Offshore Production Systems

Work is expected to commence in the fourth quarter of 2012.

Keppel Offshore & Marine Ltd, through its subsidiary Keppel FELS Brasil, has secured a contract worth approximately US$200 million from MODEC and Toyo Offshore Production Systems Pte Ltd, a joint-venture company established in Singapore by Toyo Engineering Corporation and MODEC, Inc.

The contract is for the fabrication and integration of topside modules for the Floating Production Storage and Offloading vessel Cidade de Mangaratiba MV24 at Keppel FELS Brasil’s BrasFELS yard in Angra dos Reis, Rio de Janeiro, Brazil.

Scheduled to be completed by 2Q 2014, the FPSO will have a daily production capacity of 150,000 barrels of oil per day and storage of 1,600,000 barrels of oil. It will be chartered to Tupi B.V for 20 years and deployed at Lula-Iracema South Area in offshore Brazil.

The major work scope includes fabrication of the helideck, flare tower, risers, manifolds, waste heat recovery units, sulphate removal unit, water injection unit and integration.