Keppel Bags Set of Upgrading Contracts

Keppel Offshore & Marine (Keppel O&M) has, through its subsidiaries Keppel Shipyard and Keppel FELS, secured integration and upgrading contracts worth a combined value of about S$160 million.

The first contract is between Keppel Shipyard and an unnamed operator of oil and gas production vessels for fabrication and integration work on a Floating Production Storage and Offloading (FPSO) vessel.

The shipyard’s work scope includes the fabrication of several topside modules, the riser balcony, the spread-mooring and the umbilical support structures as well as installation and integration of associated equipment and all topside modules onto the FPSO.

Work is expected to start in 3Q 2019, and delivery is scheduled for 2021.

The second contract is between Keppel FELS and Diamond Offshore for the upgrade of the drilling semisubmersible rig Ocean Onyx. Keppel FELS’ scope of work includes the engineering, fabrication and installation of new pontoons, columns, bracings and a wing deck.

Scheduled for delivery in 2H 2019, Ocean Onyx will initially be deployed offshore Australia.

Chris Ong, CEO, Keppel O&M, said, “These contracts from repeat customers are testament to Keppel O&M’s strong customer service in delivering on time, within budget and safely as well as our extensive track record in modification and upgrading projects for a wide variety of products such as FPSOs and drilling rigs.

“With strong engineering expertise and project management capabilities, we work closely with our clients to understand their requirements and provide customized, reliable, cost-efficient and value-added solutions.”

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