Keppel lands contracts worth $140 million

3/17/2014

Keppel lands contracts worth $140 million

SINGAPORE -- Keppel Offshore & Marine Ltd's subsidiaries Keppel Shipyard Ltd, Keppel Singmarine Pte Ltd, and Keppel Nantong Shipyard Co. Ltd have secured contracts worth a total of about $140 million.

Keppel Shipyard will undertake, for SOFEC, the fabrication of an external turret mooring system for an FPSO vessel that will operate in the Tweneboa-Enyenra-Ntomme fields in Ghana, in water depth averaging 1,500 m. Fabrication of the turret is expected to be completed in first-quarter 2015.

Meanwhile, Keppel Singmarine has secured three contracts from Bumi Armada Offshore Holdings Limited—a subsidiary of Bumi Armada Berhad—to build two ice-class supply vessels and an ice-class multi-purpose duty-rescue vessel.

When completed and delivered in 2015, these vessels will support offshore platforms at the Filanovsky oil field in the northern part of the Caspian Sea, off the coast of Russia, providing year-round services such as the delivery of cargoes, salvage, search and rescue functions, fire-fighting operations, and towing and tanker mooring operations.

In China, Keppel Nantong has secured an order from KSP Towage Sdn Bhd for the construction of two tugs. These tugs, which are scheduled for delivery in 3Q 2014, will be chartered for deployment in Malaysia.

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