Keppel Shipyard has secured two new contracts worth S$170m ($134m) from Saipem and Bumi Armada.
The projects cover the completion of a newbuild pipe-laying vessel, Castorone, for Saipem and the conversion of a tanker into a floating, storage and offloading (FSO) vessel for Bumi Armada.
The scope of work for the vessel includes detailed engineering, constructing marine systems and outfittings, installing and integrating marine and pipe-laying equipment, as well as commissioning marine systems and sea trials.
Sister company Keppel Singmarine will jointly execute this project with Keppel Shipyard.
The pipelay vessel will be equipped with a dynamic positioning 3 system and will be able to lay triple-jointed 12m (or double-jointed 18m) pipes of up to 60in.
Castorone will be delivered at the end of the first quarter of 2011.
The second contract from Bumi Armada includes refurbishment and life extension works, installation of the cargo offloading balcony and helideck, a 12-point spread mooring system, and the upgrade of accommodation facilities.
After completion in the second half of 2011, the converted FSO vessel will have an oil storage capacity of 500,000 barrels and will be deployed at the Sepat oilfield, which is located off the eastern coast of Peninsular Malaysia.