Keppel Shipyard books four contracts

JULY 7, 2016 — Singapore's Keppel Shipyard has secured four contracts worth a total of about S$120 million (about US$ 89 million from repeat customers.

The first is from BW Catcher Limited, a wholly owned subsidiary of BW Offshore, for the installation and integration of topside modules for a newbuild Floating Production Storage and Offloading (FPSO) vessel.

On completion, the FPSO will be deployed to the Catcher Field located in Central North Sea, U.K., which is operated by Premier Oil.

The second contract is from SOFEC, Inc. (SOFEC) to fabricate an Internal Turret Mooring System for a Floating Storage and Offloading vessel that will operate in Maersk Oil's Culzean Field the U.K. sector of the North Sea. Fabrication of the turret is expected to be completed in the third quarter of2017.

Under the third contract, Keppel Shipyard will carry out upgrading work to the pipelay vessel, Castorone, for Saipem Offshore Norway AS. Keppel Shipyard previously undertook the completion and integration works for the newbuild Castorone in 2011.

Upgrades to Castorone, which is already berthed at Keppel Shipyard, are scheduled to be completed in the third quarter of 2016. The 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 Ltd 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. Detailed engineering phase is expected to commence in July 2016 while the shipyard construction work is targeted to start in second quarter 2018.

On completion, the Woodside-operated Ngujima-Yin FPSO will be deployed back to the Greater Enfield area located in Western Australia.

Michael Chia, Managing Director (Marine & Technology) Keppel Offshore & Marine Ltd (Keppel O&M), said, "We are pleased to secure new orders from long-time customers who continue to entrust their projects with us, whether it is for turret fabrication or vessel upgrades. Leveraging our comprehensive range of marine services, proven execution excellence and experience, we continue to be the trusted and preferred partner in the industry, providing cost-effective and robust solutions."

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