Keppel FELS Limited (KFELS), the offshore arm of the Keppel Group, through its subsidiary in Brazil, FELS Setal SA, has signed two contracts worth a total of $104 million. These jobs bring FELS Setal’s total contracts secured to $250 million since its incorporation 18 months ago. The first job clinched is the $90 million contract for three Anchor Handling Tugs / Supply vessels (AHTS) for Delba Maritima, a Brazilian offshore vessel operator. This follows the Letter of Intent recently announced on October 30, 2001. In February 2001, Halliburton awarded FELS Setal a $75 million contract for the marine conversion of VLCC Stena Concordia to an FPSO to be renamed P-48.For the building of the AHTS…
