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Dick Van Der Zee News

24 Mar 2003

Keppel Secures Conversion Contracts Worth $56.6M

Keppel Shipyard has secured two conversion contracts totaling about $56.6 million. The first contract is for a fast-track conversion of FPSO Marlim Sul from repeat customer Single Buoy Moorings Inc (SBM). Keppel Shipyard has completed four similar fast track projects for SBM since 2000. These projects include FPSO Espadarte, Yetagun FSO, FPSO Falcon, and FPSO Brasil. Work is currently in progress within schedule for FPSO Serpentina, which is due for delivery in April 2003. Tong Chong Heong, managing director and chief operating officer of Keppel Offshore & Marine Ltd (Keppel O&M) said, “Fast track projects are very challenging both for the owners and the shipyard especially in ensuring that a high standard of work is achieved without compromising safety and cost management.

28 Apr 2003

Keppel Awarded $2.2M Bonus for Conversion

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. Dick van der Zee, Chief Operating Officer of SBM added, “SBM and its client are very impressed with the early delivery of FPSO Serpentina. FPSO Serpentina was converted from the tanker, Amazon Eagle.