Keppel O&M wins contracts worth $70m

They will focus on vessels in Brazil and Singapore.

Keppel Offshore & Marine (Keppel O&M) won two contracts with a combined value of about $70m.

In Brazil, Keppel FELS Brasil (Keppel FELS Brasil) has been engaged by its longstanding customer, MODEC Offshore Production Systems (Singapore) to undertake the topside module fabrication and integration of the FPSO Carioca MV30, a Floating Production Storage and Offloading vessel (FPSO). In Singapore, Keppel Shipyard will proceed with the conversion of a LNG Carrier to a Floating Storage and Re-gasification Unit (FSRU) by a global operator of oil and gas production vessels.

BrasFELS shipyard, Keppel FELS Brasil’s facility in Angra dos Reis, Rio de Janeiro, Brazil, will commence the fabrication of the modules for the FPSO in 4Q 2018. When completed, FPSO Carioca MV30 will have the capacity to process 180,000 barrels of crude oil per day (bopd) and 212 million cubic metres of gas per day.

The unit's storage capacity is 1.4 million barrels of crude oil. The FPSO will be deployed at the Sepia field, which is located in the pre-salt region in the Santos Basin, some 250 kilometres off the coast of Rio de Janeiro, Brazil.

For the FSRU conversion project, apart from repair and life extension works, Keppel Shipyard will undertake shipyard engineering, installation and integration of the regasification module and upgrading of the cargo handling system. Scheduled for delivery at the end of 2018, the FSRU will be capable of re-gasifying up to 750 million metric standard cubic feet of natural gas per day.

Separately, a converted FLNG vessel, Hilli Episeyo, has achieved final acceptance and commenced commercial operations for Perenco in Cameroon. This was accomplished within four years of the contract award to Keppel Shipyard.