Keppel Awarded $2.2M Bonus for Conversion

Monday, April 28, 2003
Keppel Shipyard has won a $2 million bonus for delivering a FPSO (Floating Production Storage Offloading) vessel 10 days ahead of its fast-track contract schedule for Single Buoy Moorings (SBM) Inc. The wholly-owned subsidiary of Keppel Corporation through Keppel Offshore & Marine (Keppel O&M) also received a US$200,000 safety incentive. The yard achieved more than three million man-hour work without lost-time accident during the conversion of the 307,431dwt FPSO Serpentina. Tong Chong Heong, Managing Director & Chief Operating Officer of Keppel O&M, said,“ I am very happy that we have outperformed ourselves in the quality, safety and project management compared to our earlier FPSO/FSO conversions.” Dick van der Zee, Chief Operating Officer of SBM added, “SBM and its client are very impressed with the early delivery of FPSO Serpentina. Keppel Shipyard has achieved a new milestone in its performance and relationship with SBM and its client.” FPSO Serpentina was converted from the tanker, Amazon Eagle. Work began in May 2002 on a full refurbishment for life extension, installation and integration of topside modules and the fabrication and installation of the external turret, two topside modules, flare tower, helideck and tandem berthing of the export vessels. FPSO Serpentina, deployed off to Equatorial Guinea, will be able to process up to 110,000 barrels per day of oil. SBM has just awarded Keppel Shipyard another fast-track conversion, the FPSO Marlim Sul. This is the sixth job it has awarded the yard in the last four years.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Kemp Succeeds Semple at Wood Group

Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

Ship Repair & Conversion

Seaspan Shipyard's Prompt Response to Canadian Coast Guard

Seaspan Shipyard’s long-standing relationship with the Canadian Coast Guard was proudly showcased in recent days, with simultaneous repair and maintenance work

Energy Storage System Ordered for LNG Battery Hybrid Ferry

Norwegian hybrid to be the first LNG battery ferry to operate on commercial routes Corvus Energy, Siemens AS and Fjord1 have announced the award of the contract for the Fannefjord LNG hybrid ferry.

N-KOM Recognized for Shipyard Safety, Security

Nakilat-Keppel Offshore & Marine (N-KOM) received the Safety & Security Award at the inaugural edition of The Maritime Standard (TMS) Middle East & Indian Subcontinent Awards,

 
 
Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1173 sec (9 req/sec)