Keppel Offshore & Marin said it has secured separate contracts worth $114.8m for vessel conversion, barge completion and life extension of a semisubmersible rig.

The first contract has been secured by the company’s subsidiary Keppel Shipyard for the conversion of a Floating Production Storage and Offloading vessel from Emas Offshore Construction and Production.

The conversion of the Suezmax is expected to be complete in early 2011. The tanker will be able to produce up to 50,000 barrels of oil per day and store about 680,000 barrels of oil.

Keppel Shipyard has also secured a contract to complete the NorCE Endeavour, a Derrick Lay Barge for NorCE Offshore.

The company will furnish a 284-man accommodation block, fabricate and install outfitting steel and assist in the vessel’s commissioning.

Keppel said it has won a job to repair and perform life extension works on MG Hulme Jr, a deepwater semisubmersible rig for Transocean.

The vessel will be deployed to operate in Libya for Gazprom with delivery scheduled in 2010.