Keppel nails $950M in Petrobas contracts

Keppel FELS Brasil S/A has secured two contracts from Petrobras-led consortiums.

The consortiums -- Guara BV and Tupi BV -- have contracted Keppel to fabricate and integrate topside modules on the Floating Production Storage and Offloading vessels (FPSO) P-66 and P-69. As part of the agreement, Petrobras has an option for a similar contract to be exercised by 1Q 2014, Keppel noted in a release.

"Having delivered a number of FPSO conversions and topside integration projects with another two in progress, we are proud that our BrasFELS shipyard has established a track record of quality deliveries. Our recent firm contracts signed with Sete Brasil for five additional DSS 38E drilling semisubmersibles are a testament to the good standing of our BrasFELS shipyard," said Mr Chow Yew Yuen, Chief Operating Officer of Keppel Offshore & Marine (Keppel O&M), the parent company of Keppel FELS Brasil, said,

Keppel added that the FPSOs will have identical work scopes which includes the fabrication and integration of seven topside modules. When completed, P-66 will be deployed to the Guara field while P-69 will work in the Tupi field in offshore Brazil.

Both FPSOs will each have a production capacity of 150,000 barrels of oil per day (bopd). BrasFELS, Keppel FELS Brasil’s shipyard located in Angra dos Reis, Rio De Janeiro, is currently also undertaking the fabrication and integration of topsides for FPSO Cidade De Paraty and FPSO Cidade De Sao Paulo. BrasFELS recently sealed a contract with MTOPS (MODEC and Toyo Offshore Production Systems),  for the fabrication and integration of topsides for FPSO Cidade de Mangaratiba.