Keppel Shipyard Secures Contracts Worth $170 Million

Press Release
Wednesday, April 04, 2012

Keppel Shipyard Ltd. (Keppel Shipyard) has secured Floating Production Storage and Offloading (FPSO) upgrading projects from its long-term partners SBM Offshore N.V. (SBM Offshore) and Bumi Armada Berhad (Bumi Armada). The combined contract value of the two projects is S170 million.

The first project is from SBM Offshore to refurbish and upgrade an existing FPSO vessel, FPSO Xikomba. Work on this FPSO unit is expected to be completed by the third quarter of 2013.

Leased by Eni Angola S.p.A (eni) for 12 years for the development of Block 15/06, offshore Angola, FPSO Xikomba is jointly owned by SBM Offshore and Sociedade Nacional de Combustíveis de Angola, E.P. (Sonangol), Angola's national oil and gas company.

"Long-term business partnerships are the key to our performance, our ability to deliver and our ambition in furthering our lead in the FPSO market,” said Bruno Chabas, Chief Executive Officer of SBM Offshore. “We value our proven partnership with Keppel Shipyard. The award of the FPSO Xikomba is another milestone in this deep, long-term relationship."

Keppel Shipyard's scope of work on FPSO Xikomba comprises life extension, refurbishment and upgrading of existing topside modules and turret mooring system, as well as the installation and integration of new topside modules. The FPSO vessel will subsequently proceed to Angola for completion.

Keppel Shipyard's second project is to modify and upgrade Bumi Armada's FPSO Armada Claire. This includes refurbishment and life extension works, as well as installation and integration of topside modules. Work is expected to commence in the third quarter of 2012, and complete in the fourth quarter of 2013.

Upon completion, FPSO Armada Claire will be deployed in the Balnaves Field, northwest Australia.

Since 2000, Keppel has delivered 14 FPSO/FSO conversion projects to SBM Offshore. Keppel Shipyard's ongoing projects with SBM Offshore include FPSO OSX 2, FPSO Cidade de Paraty and FPSO Cidade de Anchieta.

In 2011, Keppel Shipyard delivered FPSO Armada TGT 1 and FSO Sepat to Bumi Armada. It is presently working with Bumi Armada on the D1 FPSO conversion project.
 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Italian Pleads Guilty to Marine-hose Price-fixing in US

A former executive of Parker ITR Srl pleaded guilty on Thursday to conspiring to rig bids for marine hose and was sentenced to two years in prison, the U.S. Justice Department said on Thursday.

Ecochlor Raises $10m for BWT Maket

Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001,

Offshore

Coast Guard groundbreaking ceremony recogizes new support facility

Representatives from the 14th Coast Guard District, Coast Guard Base Honolulu and Mortenson Federal Contracting Group participated in a groundbreaking ceremony

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Offshore O&G: Cuts, Delays in Norway as Costs Soar

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics 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: 0.1369 sec (7 req/sec)