Keppel wins two contracts for $51.3m

Deals include the conversion of a liquefied natural gas carrier into a floating storage and regasification unit and the topside module fabrication and integration of a floating production storage and offloading vessel

News ID: 80136

Date: 24 July 2018 - 10:18

KEPPEL offshore and Marine has obtained two contracts of about $70m ($51.3m) involving two offshore floating units, according to a company release

That includes the conversion of a liquefied natural gas carrier into a floating storage and regasification unit and the topside module fabrication and integration of a floating production storage and offloading vessel.

Singapore based Keppel shipyard, the wholly-owned subsidiary of Keppel Offshore & Marine, will carry out the conversion process for a unnamed buyer, referred to as “a leading global operator of oil and gas production vessels,”

The FSRU will be capable of regasifying up to 750m metric standard cubic feet of natural gas per day, and is scheduled for delivery at the end of 2018.

Apart from repair and life extension works for the conversion project, Keppel will also undertake shipyard engineering, installation and integration of the regasification module and upgrading of the cargo handling system.

“For Keppel Shipyard, this is our fourth FSRU conversion contract and is part of our comprehensive suite of solutions for the gas value chain," Chris Ong, chief executive of Keppel O&M said.

Keppel shipyard has previously delivered three FSRUs and has also provided the first converted floating LNG production vessel, Hilli Episeyo, to Tor Olav Troim’s Golar LNG. The vessel recently commenced commercial operations for Perenco in Cameroon.

Meanwhile, Brazil’s Keppel FELS- another wholly-owned subsidiary of Keppel Offshore & Marine - has been engaged by Japanese FPSO giant Modec to undertake the FPSO project.

When completed, the FPSO Carioca MV30 will have the capacity to process 180,000 barrels of crude oil per day and 212m cu m of gas per day. The unit's storage capacity is 1.4m barrels of crude oil.

The FPSO will be deployed at the Sepia field, which is located in the pre-salt region in the Santos Basin, 250 km off the coast of Rio de Janeiro, Brazil.