Keppel Shipyard Ltd has entered into an agreement with Charter Development Limited Liability Company (CDC), a special purpose company of ABN Amro Bank’s Brazilian unit, for the hull conversion of a Floating Production Unit (FPU) for $174 million.
Work includes marine conversion as well as the fabrication and integration of the internal turret on the 322, 446 dwt tanker
, the VLCC Settebello. When completed, the turret, with 75 risers, will be the largest turret ever fabricated and installed in the world. To be named PETROBRAS 53 (P-53), the production unit will be completed in end 2006.
The facility will then be towed to a CDC topside contractor yard in Brazil for installation and integration of the topside modules.
Petrobras SA will then charter the P-53 from CDC for the Marlim Leste field in the Campos Basin.
To be installed at 1,080 metres water depth, P-53’s capacity will include processing up to 180,000 bopd (barrels of oil per day), a gas compression capability of 6 million cubic metre of per day and a water injection capability of 39,0000 cubic metre per day.
Mr. Nelson Yeo, Executive Director of Keppel Shipyard, a member of the Keppel Offshore & Marine Ltd (Keppel O&M), said, “This contract is a reflection of Petrobras’ confidence in us.
“Having successfully completed 51 FPSO and FSO conversion projects to date, we have the expertise to offer our customers high quality products and value-added services.”