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February 10, 2022

Keppel O&M wins contracts valued at nearly $250m

Last November, Keppel Shipyard signed a Limited Notice to Proceed for a conversion project.

Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary Keppel Shipyard has received contracts from repeat clients for a combined value of approximately $250m.

Under the first contract, the firm obtained the Final Notice to Proceed (FNTP) from GAS-fifteen for the Engineering Procurement Construction (EPC) conversion of a liquefied natural gas (LNG) carrier into a Floating Storage and Regasification Unit (FSRU).

Last November, Keppel Shipyard signed a Limited Notice to Proceed (LNTP) for the project, with an aim to begin early works for the conversion.

As agreed, Keppel Shipyard will be responsible for the EPC of the regasification skid, along with the deployment of supporting solutions, including boilers, spread-mooring, offloading, electrical and automation systems.

After the conclusion of the project, the converted FSRU will provide services near the Port of Alexandroupolis in Greece.

Keppel Shipyard secured the second contract from MODEC Offshore Production Systems (Singapore).

Under this deal, the firm will carry out the installation and integration of topside modules on a floating production storage and offloading (FPSO) vessel named Bacalhau.

Keppel Shipyard will also assemble and deploy two deck cranes, fabricate two crane pedestals and a flare tower, and provide commissioning support for MODEC.

After completion, the FPSO will serve in the Bacalhau field situated in the Santos Basin, offshore Brazil, for Equinor and its field associates.

Keppel Shipyard has won the third contract from a fully-owned subsidiary of Royal Boskalis Westminster NV for the overhaul and jumboisation of two trailing suction hopper dredgers (TSHD).

The company has commenced work on the first TSHD, which is projected to be re-delivered in the second quarter of the year.

Meanwhile, the second TSHD is slated to arrive at the shipyard in Q3, with re-delivery scheduled for Q4.

A new owner-furnished block will be added to both the ships, which will increase the vessels’ length from 156m to 201m.

Last December, Keppel O&M unit Keppel FELS signed an agreement with Sumitomo Corporation for supporting ammonia fuel operations in Singapore.

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