Keppel’s Yard in Brazil Receives US$2 Million in Bonuses

Press Release
Monday, November 19, 2012

Keppel FELS Brasil S/A's (Keppel FELS Brasil) yard in Angra dos Reis, Rio de Janeiro, Brazil - BrasFELS - has delivered FPSO Cidade de Sao Paulo 19 days ahead of schedule and with an excellent safety record.



FPSO Cidade de Sao Paulo has a production capacity of 120,000 barrels of oil per day (bopd) and is able to compress 5 million cubic meters of gas per day.



It is the first of two Floating Production Storage and Offloading (FPSO) projects BrasFELS is undertaking for MODEC and Toyo Offshore Production Systems Pte Ltd (MTOPS), a joint venture between MODEC, Inc. (MODEC) and Toyo Engineering Corporation (TOYO).



For achieving an excellent safety performance throughout this two-year project, MTOPS awarded BrasFELS with a safety bonus in addition to an early delivery bonus.
 


Arriving at BrasFELS in 4Q 2011, FPSO Cidade de Sao Paulo will soon proceed to operate for Petróleo Brasileiro S.A. (Petrobras) and its partners in the pre-salt region of the Santos Basin.



BrasFELS' work scope for this FPSO project comprised the fabrication of riser manifolds, laydown areas and the flare tower as well as the assembly and integration on board the FPSO.



Mr Kwok Kai Choong, President and Chief Executive Officer of Keppel FELS Brasil, shared, "We appreciate our growing ties with MTOPS, MODEC and TOYO. The successful and early delivery of FPSO Cidade de Sao Paulo bears testament to the good teamwork and understanding between our companies and our ability to provide a high quality production vessel for Petrobras' operations. We are also thankful for these safety and early delivery bonuses, which are great encouragements to our efforts to ensure safe, prompt and high quality services for all our customers.



"As the most comprehensive yard in Latin America today, BrasFELS offers a full range of newbuild construction, conversion, upgrade, modification and repair services. We will continue to improve our infrastructure and capabilities to strengthen our strong track record for win-win-win collaborations - in other words, build mutually-satisfying partnerships between fleet operators, field operators and ourselves."



Mr Richard Matten, Project Manager of MODEC, noted, "We believe that working with established partners helps to ensure that our customers get their FPSO safely, on budget, to required quality level and on time to meet production targets. BrasFELS was our yard of choice for the FPSO Cidade de Sao Paulo project, and it did a remarkable job! BrasFELS worked very well with our project team to ensure the safe and prompt turnaround of this project.



"Presently, we are working with the yard on another project, FPSO Cidade de Mangaratiba. We are confident that this project too will be delivered to our highest satisfaction."



Scheduled to be delivered in 2014, FPSO Cidade de Mangaratiba will have a production capacity of 150,000 bopd and a storage capacity of 1,600,000 barrels of oil.



In August 2012, the yard secured two contracts from the Petrobras-led consortiums Guara B.V. and Tupi B.V. to fabricate and integrate the topside modules of FPSO P-66 and P-69 respectively.

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

Contracts

Maritech Delivers $14.5M Canadian Subsea Cable Installation

Maritech International  has completed a USD $14.5 million a subsea power cable installation in for New Foundland Power Inc., Maritech announced.   Maritech,

Former BP Boss Browne is DEA Chairman

Lord John Browne heads DEA's supervisory board * LetterOne co-owners Fridman, Khan also join * Unit changes name to DEA Deutsche Erdoel AG FRANKFURT, March 3 (Reuters) - DEA,

Holland America Line Appoints Geivett as Director, Social Media

Holland America Line has hired Kathryn Geivett as director, social media. In this capacity Geivett’s primary responsibility will be to drive, plan and oversee

Ship Repair & Conversion

Added Value Innovation Drives Control of BWTS

Specifying for ballast water treatment systems can be a difficult process. Ian Hamilton, sales manager for marine electrical wiring control and instrumentation specialists CMR Group, offers guidance.

Hospital Ship Brought up to Speed with AMOS

SpecTec will work with long term partner Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS).   Mercy Ships’ Africa Mercy,

Repair Yard Chosen for Lysblink Seaways

Cargo ship Lysblink Seaways will be towed to Inchgreen, Greenock for repair work after grounding last month on Scotland’s west coast.   The vessel, which ran aground February 18,

Offshore

Gulf of Mexico Oil Production on the Rise

Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016.

Ferguson Appoints Partner OPS-OES

Ferguson Group Singapore, a specialist in the provision of DNV 2.7-1 / EN12079 offshore containers, reefers, tanks, waste skips, baskets, accommodation and engineering

Nabors Posts Quarterly Loss as Drilling Activity Slows

Offshore driller Nabors Industries Ltd reported a quarterly loss, hurt by lower drilling activity amid a slump in global crude prices.   The company posted a net loss of $891.

Finance

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

Gulf of Mexico Oil Production on the Rise

Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016.

Vessel Sales: February 2015

Vessel sales for February 2015  - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built -  - (Age)

Energy

Oil Storage at Sea Stalls as Profit Play Fades

Traders are cutting plans to use tankers to store oil at sea as the price incentive recedes, the global head of oil at mining and commodities group Glencore's said on Tuesday.

Ferguson Appoints Partner OPS-OES

Ferguson Group Singapore, a specialist in the provision of DNV 2.7-1 / EN12079 offshore containers, reefers, tanks, waste skips, baskets, accommodation and engineering

Former BP Boss Browne is DEA Chairman

Lord John Browne heads DEA's supervisory board * LetterOne co-owners Fridman, Khan also join * Unit changes name to DEA Deutsche Erdoel AG FRANKFURT, March 3 (Reuters) - DEA,

Vessels

Vessel Sales: February 2015

Vessel sales for February 2015  - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built -  - (Age)

Gas Turbine Alternator Installed into Aircraft Carrier

The Aircraft Carrier Alliance has completed the installation of the first MT30 Gas Turbine Alternator (GTA) package into the Royal Navy’s latest aircraft carrier HMS Prince of Wales,

Hospital Ship Brought up to Speed with AMOS

SpecTec will work with long term partner Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS).   Mercy Ships’ Africa Mercy,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2827 sec (4 req/sec)