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Keppel Shipyard receives LNG FSU conversion contract

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LNG Industry,

Keppel Offshore & Marine Ltd (Keppel O&M) has announced that its wholly-owned subsidiary in Singapore, Keppel Shipyard Ltd, has secured a conversion contract for an LNG Floating Storage Unit (FSU) vessel awarded by Armada Floating Gas Storage Ltd, a wholly-owned subsidiary of Bumi Armada Berhad. Work on the LNG FSU conversion is scheduled to be completed in 3Q16. Upon completion, the LNG FSU vessel will operate at the Delimara LNG Regasification Terminal in Malta.

Keppel Shipyard Ltd also received a conversion contract for a Floating Production Storage and Offloading (FPSO) vessel awarded by Yinson Production (West Africa) Pte Ltd (Yinson), a wholly-owned subsidiary of Yinson Holdings Berhad. Work on this conversion is expected to commence in 1Q16. Upon completion, the FPSO will be deployed to the Offshore Cape Three Point block located in offshore Ghana.

Chow Yew Yuen, Chief Executive Officer of Keppel O&M, said: "Even in challenging market conditions, we are glad to be the choice yard for operators. This is the 14th conversion/upgrading project that we are undertaking for Bumi Armada. It is also their first LNG FSU conversion project and we are proud to be their trusted partner again. The confidence shown in us is a reflection of Keppel's proven track record in delivering quality products competitively, with high standards of safety and to customers' satisfaction.”

Edited from press release by

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