Keppel O&M secures 2 contracts worth $70 million in total
Keppel Offshore & Marine (Keppel O&M) - through two wholly owned subsidiaries - has secured two contracts with a combined value of about $70 million.
In Brazil, Keppel Fels Brasil has been engaged by Modec Offshore Production Systems (Singapore) to undertake the topside module fabrication and integration of the FPSO Carioca MV30, a floating production storage and offloading (FPSO) vessel.
In Singapore, Keppel Shipyard has won a contract to convert a liquefied natural gas carrier to a floating storage and regasification unit (FSRU) by a leading global operator of oil and gas production vessels.
The fabrication of the modules for the FPSO will begin in the fourth quarter at BrasFels shipyard, Keppel Fels Brasil's facility in Angra dos Reis, Rio de Janeiro, in Brazil.
When completed, FPSO Carioca MV30 will have the capacity to process 180,000 barrels of crude oil a day and 212 million cubic m of gas a day. The unit's storage capacity is 1.4 million barrels of crude oil.
The FPSO will be deployed at the Sepia field, in the pre-salt region in the Santos Basin, some 250km off the coast of Rio de Janeiro.
The FSRU is scheduled for delivery at the year end.
The two contracts are not expected to have a material impact on the per-share net tangible assets or earnings of Keppel Corp for the financial year.
- THE STRAITS TIMES
Get The New Paper on your phone with the free TNP app. Download from the Apple App Store or Google Play Store now
