Singapore-based Keppel Shipyard, a subsidiary of Keppel Offshore & Marine, is on track for on-time delivery of a floating production storage and offloading vessel (FPSO) for a Perenco Group project situated off the Republic of Congo.

Slated for delivery in the third quarter of this year, it will be deployed to the Yombo Masseko permit, which is held by National Petroleum Company of the Congo (SNPC) and operated by Perenco Congo.

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At an event attended by Republic of the Congo Minister of Hydrocarbons Jean-Marc Thysthere Tchicaya, the FPSO was named La Noumbi.

Keppel Offshore & Marine CEO Chris Ong said: “We are pleased to be on track to deliver a sixth project to Perenco to their satisfaction.

“Having delivered over 40% of the world’s converted FPSOs to-date, we are able to leverage our rich experience, as well as strong partnership, with Perenco to deliver a high-quality FPSO in a cost-efficient and safe manner.

“This is also our fifth project for the Republic of the Congo and we are proud to have been able to support the development of the nation’s significant oil reserves over the years.

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“We are proud to have been able to support the development of the nation’s significant oil reserves over the years.”

“In fact, the FPSO Conkouati, which La Noumbi will be replacing, was first converted by Keppel Shipyard in 1991 and has served the Yombo field for more than 25 years.”

Keppel Shipyard’s work scope on the conversion of the crude oil tanker into an FPSO included the installation and integration of topside process skids, fabrication of a new accommodation module, as well as life extension works.

Perenco CEO Benoit de la Fouchardiere said: “The FPSO La Noumbi project is a fundamental asset to maintain the production of the Yombo field 25 years after its first oil and enhance it through the green field development of Masseko, an undeveloped discovery located 10km away.

“The FPSO has been designed during the oil crisis, with a clear objective to demonstrate that we can continue to invest during the low oil price, as long as we pay attention to all the details of a project and do not hesitate to be innovative at all steps.

“As this is not a given, by partnering Keppel we were confident that our project would be delivered safely, on time and on budget, with a clear execution of the new philosophy.”

The vessel is designed to produce 12,000 barrels of oil per day. It will also be capable of processing 120,000 barrels of water per day and store 762,062 barrels of oil.