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

Contracts

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

China Shipyards Bag the Week's Ocean-going Newbuild Orders

Reported ordering this week has been exclusively focussed on the Chinese yards, says Clarkson Hellas in their latest 'S&P Weekly Bulletin'. Dry bulk carriers COSCO

Scorpio Tankers Report Q2, 1H 2014 Profit Slip

Scorpio Tankers Inc. has reported its results for the three and six months ended June 30, 2014. Highlights excerpted here as follows: Results for the three months ended June 30,

Offshore

FLNG Prelude: A New Dawn in the Age of Maritime & Energy

Longer than four football fields, as big as six Nimitz-class aircraft carriers and almost as tall as the Taipei 101 skyscraper, Royal Dutch Shell PLC is hoping that its record-setting,

Corvus Energy, GMC Close Financing Agreement

Corvus Energy today announced that it has completed a strategic investment by Green Marine Capital (GMC) previously announced on May 5, 2014. Green Marine Capital,

Valemon Topsides Installed

On Monday, July 28, the topsides were lifted into place on the steel jacket on the Valemon field in the North Sea. Produced by Samsung Heavy Industries this is

Finance

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

Mercator Lines Profit Hit by Low Bulk Freight Rate

Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.

China Shipyards Bag the Week's Ocean-going Newbuild Orders

Reported ordering this week has been exclusively focussed on the Chinese yards, says Clarkson Hellas in their latest 'S&P Weekly Bulletin'. Dry bulk carriers COSCO

Energy

Total Sells ts Coal Mining Assets to Exxaro

Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa.

Prelude By the Numbers

Out at sea, look! It’s a ship! It’s a floating rig! It’s SuperFLNG! While not “faster than a speeding bullet,” Shell’s shipzilla Prelude is certainly more powerful than a speeding locomotive,

FLNG Prelude: A New Dawn in the Age of Maritime & Energy

Longer than four football fields, as big as six Nimitz-class aircraft carriers and almost as tall as the Taipei 101 skyscraper, Royal Dutch Shell PLC is hoping that its record-setting,

Vessels

U.S. Marshalls Ordered to Seize Kurdish Oil Cargo off Texas

Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan

Aker Philadelphia Shipyard ASA: Purchase of own shares

Aker Philadelphia Shipyard AKPS), a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market, has on July 25, 2014 purchased 1,

Danaos Corporation 2Q and 1H 2014 Results

Danaos Corporation ("Danaos") (NYSE: DAC), a leading international owner of containerships, today reported unaudited results for the period ended June 30, 2014.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1550 sec (6 req/sec)