Keppel Shipyard announces contract awards

August 11, 2015

SINGAPORE -- Keppel Shipyard, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured an FPSO conversion contract as well as three repair, upgrade and modification contracts.

The FPSO conversion project Keppel Shipyard will be undertaking is for Armada Madura EPC Ltd., a joint venture between long-standing customer Bumi Armada Berhad and Shapoorji Pallonji Group.

Michael Chia, managing director, Marine & Technology, Keppel O&M, said, "This is our third conversion/upgrading project for the joint venture. We are confident that this FPSO will be as successful as our first two FPSOs, Armada Sterling and Armada Sterling II, which have been performing excellently at the D1 field and Cluster 7 field in India, respectively.”

Work on the FPSO conversion, which has commenced, is scheduled to complete in third-quarter 2016. Upon completion, the FPSO will produce from the Madura Strait Block BD, which is located 65 km east of Surabaya and about 16 km south of Madura Island, Indonesia.

Separately, Keppel Shipyard has been awarded major repair, upgrade and modification contracts by Dolphin Drilling, Saipem Offshore Norway and Totem Ocean Trailer Express.

Keppel Shipyard's work for a drillship of Dolphin Drilling, Belford Dolphin, includes renewal survey and modification, while for its project with Saipem Offshore, Keppel Shipyard will undertake major refurbishment and upgrading works that include installation of a new 750-tonne Abandon & Recovery winch and additional thruster, as well as living quarters extension for a field development ship.

Keppel Shipyard's contract with Totem Ocean is for the world's first conversion of a large roll-on/roll-off cargo vessel to operate on a dual-fuel diesel LNG propulsion system.

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