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Keppel Offshore & Marine secures multi-million dollar floater contracts

Keppel Shipyard
Keppel Shipyard

Singapore’s Keppel Offshore & Marine has won four new contracts from repeat customers worth around $89million

Keppel Shipyard in Singapore has secured contracts for a LNG floating storage unit for Bumi Armada’s Armada Floating Gas and an FPSO for Malaysia’s Yinson.

The LNG FSU conversion for Bumi Armada is scheduled for completion in the third quarter of 2016 and will operate at the Delimara LNG regasification terminal in Malta. The FPSO conversion for Yinson will commence in the first quarter of 2016 and once completed will be deployed to the Offshore Cape Three Point block offshore Ghana.

Keppel FELS Brasil has won a FPSO integration contract from MODEC Offshore Production Systems while Caspian Shipyard in Azerbaijan has secured a barge enhancement contract from BP.

Chow Yew Yuen, chief executive of Keppel O&M, said: “Even in challenging market conditions, we are glad to be the choice yard for operators. This is the 14th conversion/upgrading project that we are undertaking for Bumi Armada.

“It is also their first LNG FSU conversion project and we are proud to be their trusted partner again.”

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