Keppel’s Logs $8.1B in Contracts in ‘12

(Press Release)
Thursday, December 27, 2012

Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries have won three new contracts - worth a combined value of $343mn - to bring the group's total order wins for 2012 to $8.1B.
 

Mr Tong Chong Heong, CEO of Keppel O&M, said, "With the strong confidence and support of new and repeat customers, Keppel O&M continues to be the provider of choice for a broad range of offshore and marine projects.

"2013 will be a busy year for us as we continue to focus on the quality execution of all our projects - we are committed to ensure that they are delivered safely, promptly and to high customer satisfaction. We will also enhance our capabilities, and so extend our range of value-added services."
Keppel Singmarine Pte Ltd (Keppel Singmarine) secured two of the three new contracts, with the third new contract won by Keppel Shipyard Ltd (Keppel Shipyard).
One of Keppel Singmarine's two new contracts is from Hydro Marine Services, Inc., a subsidiary of McDermott International, Inc (McDermott), for the construction of a high-specification deepwater pipelay (S-Lay) vessel.
Developed by Keppel's Marine Technology Development (MTD), this vessel is designed to support advanced pipelay operations, in which pipelines are installed to depths of up to 10,000 ft.. It is also capable of achieving efficient pipelay rates for long trunklines, operating in severe weather conditions, and providing significant thrust output and power distribution.


Works for the pipelay vessel is scheduled to commence in 1Q 2013 and is expected to complete in approximately two and a half years. This contract will become effective after both parties have fulfilled certain conditions precedent by January 2013.
Keppel Singmarine's other new contract is from Australia-based Bhagwan Marine Pty Ltd (Bhagwan Marine) to build a catamaran air dive support vessel (DSV).
When completed in 1Q 2014, the DSV will be deployed in the north west of Western Australia to support the operations of Apache Energy Ltd. Designed by Incat Crowther Pty. Ltd, the DSV is of twin hull configuration (catamaran).
Specialised units such as pipelay vessels and DSVs form part of Keppel Singmarine's growing track record. Keppel Singmarine has also worked together with Keppel Shipyard to bring to the market Saipem's Castorone, one of the world's largest and most capable pipelay vessels. Presently, Keppel Singmarine's projects include a multi-purpose dive support construction vessel for SBM Offshore N.V. (SBM Offshore).
Keppel Shipyard's new contract is from EMAS Offshore Construction and Production Pte Ltd (EMAS Offshore) to modify and upgrade an existing Floating Production Storage and Offloading (FPSO) facility, Lewek Arunothai. The yard's workscope includes the installation of new structures, piping systems and deck crane, refurbishment of the living quarters as well as the fabrication and installation of the rigid arm and external turret mooring systems.
When completed in 2Q 2013, the FPSO will be deployed as an Early Production System in the Kamelia field, which is located in the Malaysia/Thailand Joint Development Area (JDA) in the North Malay Basin. The upgraded FPSO will be capable of handling 100 million standard cubic feet per day (MMscfd) of gas, 1000 barrels per day (bpd) of condensates and 500bpd of water.

 

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Duke Energy to Help Develop Jeffersonville Port Site

Duke Energy Indiana has selected a 140-acre parcel of land inside the Port of Indiana-Jeffersonville in Clark County for the utility's 2015 Site Readiness Program.

UNOLS Seeks Nominations for Council Positions

The University-National Oceanographic Laboratory System (UNOLS) is an organization of academic oceanographic institutions working in cooperation with agencies of the U.

Savannah Harbor Expansion Project Update

Lt. Gen. Thomas Bostick, commander of the U.S. Army Corps of Engineers, visited the Port of Savannah on Thursday, for an update on the Savannah Harbor Expansion Project (SHEP).

Shipbuilding

Bollinger Appoints Sales VP

Bollinger Shipyards announces the promotion of Eric Bollinger to Vice President of Sales.   President and CEO Ben Bordelon made the announcement, stating, “Eric

Lamprell to Implement Software for Automated Manufacturing

U.A.E based offshore jackup rig builder Lamprell Energy Ltd., will implement SSI's EnterprisePlatform software solution to allow its engineering team to automate manufacturing processes.

Bids Placed for Novy Port Icebreaker Contract

Seven companies submit bids for contract for Yamal Novy Port terminal icebreaker   The tendering process for the Yamal Novy Port terminal icebreaker design and build contract has kicked off,

Offshore

Five Years on from Macondo

An interview with NOIA’s Randall Luthi provides unique perspective on where the offshore energy business has been, where it is now, and where it could be headed next.

Offshore O&G: Weathering the Storm

Vessels are stacked as Gulf oil operators retrench and day rates fall. In the Gulf of Mexico, vessels serving offshore oil-and-gas exploration and production are

Fugro Extends Contract with McDermott

Fugro has been awarded a three-year extension to its existing contracts with McDermott Middle East, Inc. The contract covers the provision of survey, positioning,

Finance

Lifting of US Crude Oil Export Ban Possible within Year

The U.S. Congress could lift the 40-year old ban on domestic crude oil exports within a year as a drop in gasoline prices and the potential return of Iranian

U.S.: Stronger Response in South China Sea Needed

By releasing video of Beijing's island reclamation work and considering more assertive maritime actions, the United States is signaling a tougher stance over the

Aramco Offers Rare 1.5 pct Gasoil Cargo

Aramco Trading, the trading arm of oil producer Saudi Aramco, has offered a rare gasoil cargo with a 1.5 percent sulphur content for June lifting from Rabigh, traders said on Thursday.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.2082 sec (5 req/sec)