Keppel Offshore & Marine, a wholly-owned subsidiary of Singapore-based Keppel Corporation, has won a S$85m ($58.7m) contract from Golar and Italy’s Premuda to work on a floating production, storage and offloading unit vessel.

The work is schedule for completion in 2009.

Keppel’s contract with Golar includes the conversion of a 137,000cbm Golar Freeze into a floating storage and regasification unit.