Keppel FELS Brasil Awarded FPSO Contracts

14 February 2011 (Last Updated February 14th, 2011 18:30)

Keppel FELS Brasil secured FPSO topside contracts worth $300.4m from Single Buoy Moorings (SBM) and joint venture company MODEC and Toyo Offshore Production Systems (MTOPS). SBM's contract is for the fabrication and installation of topside modules and six process modules on the FPSO

Keppel FELS Brasil secured FPSO topside contracts worth $300.4m from Single Buoy Moorings (SBM) and joint venture company MODEC and Toyo Offshore Production Systems (MTOPS).

SBM’s contract is for the fabrication and installation of topside modules and six process modules on the FPSO vessel Cidade De Paraty, awarded in association with Queiroz Galvao Oleos e Gas.

The vessel is undergoing conversion at the Keppel Shipyard in Singapore.

Work is expected to commence at Keppel FELS Brasil’s BrasFELS shipyard in Angra dos Reis, Rio de Janeiro, in the first quarter of 2011.

The vessel is scheduled to arrive during the first quarter of 2012, with delivery in the fourth quarter of 2012.

The MTOPS contract will involve module fabrication and integration of the FPSO Cidade de Sao Paulo MV23, which was awarded in association with Schahin Engenharia.

Work is expected to begin at BrasFELS in the first quarter of 2011 and will be completed by the end of 2012.

Both vessels will be deployed in the pre-salt region of the Santos Basin.