Keppel Offshore & Marine wins four new contracts

7/7/2016

SINGAPORE -- Keppel Shipyard, a wholly owned subsidiary of Keppel Offshore & Marine, has secured four contracts worth about S$120 million ($89 million) from repeat customers. 

The first contract that Keppel Shipyard secured is from BW Catcher Limited, a wholly owned subsidiary of BW Offshore, for the installation and integration of topside modules for a newbuild FPSO vessel. Upon its completion, the FPSO will be deployed to Catcher field, in the Central North Sea, which is operated by Premier Oil.

The second contract is from SOFEC and is for the fabrication of an internal turret mooring system for a floating storage and offloading vessel that will operate at Maersk Oil's Culzean field in the North Sea. Fabrication of the turret is expected to be completed in third-quarter 2017.

For the third contract, Keppel Shipyard will carry out upgrading work to the pipelay vessel, Castorone, for Saipem Offshore Norway. Keppel Shipyard previously undertook the completion and integration works for the newbuild Castorone in 2011. Already berthed at Keppel Shipyard, upgrading work for Castorone is scheduled to be completed in third-quarter 2016. Keppel Shipyard's job scope includes the replacement of switchboards to improve the vessel's power distribution systems, renewal works on 45 km of electrical cables, various pipelay system upgrades as well as the construction of new water ballast tanks and conversion of old ones into fuel oil tanks to optimize the vessel's capabilities.

The fourth contract is from Woodside Energy for the modification and upgrading of the FPSO vessel Ngujima-Yin to support the Greater Enfield Project. The shipyard's job scope includes marine and hull life extension and refurbishment works; installation of new customized water flood module, turret risers and power and control module; as well as modification of swivel system, marine and topside related piping. The detailed engineering phase is expected to commence in July 2016, while the shipyard construction work is targeted to start in second-quarter 2018. Upon its completion, the Woodside-operated Ngujima-Yin FPSO will be deployed back to the Greater Enfield area in Western Australia.

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