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October 9, 2014

Keppel subsidiaries receive two orders worth $120m

Keppel Offshore & Marine's (Keppel O&M) two subsidiaries have been awarded two different contracts worth a total of SGD153m ($119.7m).

By Samseer M

Keppel Offshore & Marine’s (Keppel O&M) two subsidiaries have been awarded two different contracts worth a total of SGD153m ($119.7m).

Keppel Shipyard has received a contract from Bumi Armada‘s subsidiary Armada Cabaca for the conversion of a floating production storage and offloading (FPSO) vessel. For the contract awarded by Royal Boskalis Westminster Group’s subsidiary Smit Shipping Singapore, Keppel Nantong will build a submersible barge while working on existing orders from the same customer.

Keppel O&M managing director Michael Chia said: "The award of these contracts from Bumi Armada and Smit Shipping affirms the confidence that repeat customers have in the quality of our products and the timeliness which we deliver with.

"Such high level of standards in safety, customer service and operational excellence can be found across our global yards."

"Such high level of standards in safety, customer service and operational excellence can be found across our global yards."

Keppel Shipyard has already started the conversion process and is expected to complete in the second quarter of 2016. Works under this contract include refurbishment and life extension works, upgrading of living quarters to accommodate 100 personnel, installation and integration of an external turret mooring system and topside process modules.

After the conversion, the vessel will have 1,700,000 barrels storage capacity and will be capable of handling 80,000 barrels of oil, 120,000 barrels of water injection, and 120 million standard cubic feet of gas on a daily basis.

The FPSO vessel will be working for the Angola Block 15/06 East Hub project in the north-west of Luanda, Angola.

Meanwhile, Keppel Nantong has also started construction of the new barge Giant 7, along with work on the first two units, Giant 5 and Giant 6. All these barges will be deployed in the Wheatstone project, 12km west of Onslow off the Pilbara coast of Western Australia.

The first two units are expected to be delivered by the end of this year and early 2015 respectively, and the construction of Giant 7 is due to be completed in the second half of 2015.

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