Keppel Offshore & Marine Ltd.’s wholly owned subsidiaries Keppel Shipyard Ltd. and Keppel Nantong Shipyard Co. Ltd. have secured contracts from repeat customers worth a total of about $122 million, according to a press release.
Keppel Shipyard’s contract is for the conversion of an FPSO vessel for Armada Cabaca Ltd., a wholly owned subsidiary of Bumi Armada Berhad, while Keppel Nantong’s contract is to construct a submersible barge for Smit Shipping Singapore Pte Ltd., a wholly owned subsidiary of Royal Boskalis Westminster Group.
Keppel Shipyard has commenced work on the FPSO conversion for Bumi Armada, which is scheduled to be completed in second-quarter 2016. The yard’s work scope for this project includes refurbishment and life extension works, upgrading of living quarters to accommodate 100 personnel, installation and integration of an external turret mooring system and topside process modules. Upon completion, the FPSO vessel will be producing for the Angola Block 15/06 East Hub Project that is located 350 km (217 miles) northwest of Luanda, Angola.
In China, work also has commenced for the barge that Keppel Nantong is building for Smit Shipping. The new barge, Giant 7, will be the third such unit to be delivered by Keppel to the marine services company. Giant 7 will join the first two units, Giant 5 and Giant 6, which are still undergoing construction and are to be deployed in the Wheatstone project, 12 km (7 miles) west of Onslow off the Pilbara coast of Western Australia.
Giant 7 is slated to be completed in the second half of 2015 while Giant 5 and Giant 6 are on track for completion by year-end 2014 and early 2015, respectively.
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