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Keppel Units In Construction, Acquisition, Oil Deals

Singmarine Wins $12 Million Tug Contract Singmarine Industries Ltd. through subsidiary Singmarine Dockyard & Engineering, won a $12 million contract for two harbor tugs from Keppel Smit Towage.

The new tugboats will be built to ABS class. Powered by two 1,500 bhp diesels and fitted with Z-peller propulsion, each will have a bollard pull of 45 tons. They are to be delivered by the last quarter of 1995. Singmarine Wins $16.9 M Ship Contract Singmarine Industries Ltd. won a contact for approximately $16.9 million from Steamers Containerships Holdings, also of Singapore, to construct a container feeder ship. The 8,000-dwt vessel is to be built in Singmarine's subsidiary Singmarine Dockyard & Engineering, and is expected to be completed by the second quarter of 1996.

Singmarine Acquires Repair Yard In UAE Singmarine Industries has acquired a ship repair company in the United Arab Emirates (UAE). Following the acquisition, Singmarine will spearhead and manage the Keppel Group's shipyard operations in the Middle East, including Arab Heavy Industries PSJC (AHI).

Al-Majid Marine Engineering, which specializes in afloat ship repair, will be restructured. Al-Majid has been merged with an existing afloat repair division operated since August 1992 by Singmarine's subsidiary Western Eagle in the UAE.

Keppel Corp. In Offshore Australia Oil Venture Keppel Corp. entered into an interim alliance with a consortium of companies to develop the Wandoo Oil field in the Carnarvon Basin, offshore Western Australia.

The alliance will be responsible for design, construction and installation of facilities for full field development. Apart from Keppel, member companies in the alliance are Dawson/Brown & Root joint venture, Leighton Contractors, Ove Arup and Partners and Ampolex Ltd., which owns the Wandoo field. The field currently produces 12,000 barrels of oil a day, with estimated recoverable reserves of 75 million barrels.

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