Keppel O&M units bag $75m worth of floating production contracts

Under the contracts, the Keppel O&M units will refurbish two floating production units.

Keppel AmFELS, Inc (Keppel AmFELS) and Keppel Shipyard Ltd (Keppel Shipyard) have bagged $75m worth of floating production contracts, its parent company, Keppel Offshore & Marine (Keppel O&M), announced.

Under the contract, Keppel O&M said its units will refurbish and complete two floating production units (FPU).

One of the two FPUs to be refurbished is from Salamanca FPS Infra, LLC.

The refurbishment will be completed in Q2 24. Once completed, the Salamanca FPU will be operated by LLOG Exploration Offshore, LLC, a private exploration and production company in the US, and will be developed in the deep waters of the Gulf of Mexico to service the Leon field and the Castile field. 

Following the refurbishment, the FPU will have a capacity of 60,000 barrels of oil per day and 40 million cubic feet of natural gas per day.

The other Floating Production Storage and Offloading vessel (FPSO)  to be completed is for MODEC Offshore Production Systems (Singapore) Pte Ltd (MODEC). The vessel will arrive in Singapore in Q4 2022.

When completed, the FPSO, which can process 100,000 barrels of oil per day and will be delivered to Woodside Energy (Senegal) B.V.  It will be moored in waters approximately 780m deep and will be located approximately 100km south of Dakar, Senegal.