Keppel Secures Two FPSO Contracts Worth S$ 190m
Keppel Shipyard Ltd has secured two Floating Production Storage and Offloading ( FPSO) conversion contracts from repeat customers worth a combined value of S$ 190 million. Michael Chia, managing director of Marine & Technology at Keppel Offshore & Marine ( Keppel O& M), said, " The award of these contracts from our repeat customers affirms their confidence in us. These contracts from experienced FPSO fleet owners and operators SBM Offshore and M3nergy bear testament to our commitment to quality conversion and upgrading services.” One of the contracts, for M3nergy Offshore, Keppel Shipyard will undertake refurbishment and life extension of the FPSO works including upgrading of living quarters. Scheduled for completion in the second quarter of 2014, the FPSO has been chartered by PC Ketapang II Ltd for its operations in the Bukit Tua field, which is 35 kilometres north of Madura Island, offshore Indonesia.