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Keppel secures four new contracts

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Keppel Offshore & Marine Ltd has announced it has won four contracts worth a total of S$85 million for the conversion, repair and modification of vessels.

The contracts were won through its wholly-owned subsidiary, Keppel Shipyard Ltd. Chor How Jat, Managing Director (Conversions and Repair), Keppel O&M and Managing Director, Keppel Shipyard, said: "Despite the current challenging market conditions, we continue to receive a regular stream of conversion, repair and modification work from both new and long-standing clients. There remain opportunities in a variety of segments in the offshore and marine market and we are proud to be the industry's preferred shipyard. These four contracts bear testament to our strong expertise in the conversion, upgrading and repair works for FPSO vessels, LNG tankers, as well as heavy lift vessels."

The first contract – from Dixstone Holdings Ltd – is for the conversion of the M/T Tempera into a floating production storage and offloading (FPSO) vessel. Keppel Shipyard’s job scope includes the installation of topside process skids and a new accommodation module, amongst other things. It is expected that work will begin in 3Q17, with delivery expected in 3Q18. Once delivered, the FPSO will be deployed in the Yombo field, which is operated by Perenco off the Republic of Congo, Africa. It will replace the FPSO Conkouati, which has served the field for over 25 years, and was also converted by Keppel Shipyard in 1991.

Under the second contract, Keppel Shipyard will execute repair work for the life extension and conversion of an oil tanker into an FPSO, MTC Ledang, for a new customer, MTC Engineering Sdn Bhd. Work by the shipyard will include the fabrication of a flare tower and foundation, as well as the lifting and integration of the crude stabilisation unit, and other refurbishment work. When completed in 3Q17, the vessel will be deployed to the Ophir Field, offshore Peninsular Malaysia.

The third contract was awarded by Royal Boskalis Westminster N.V. for the conversion of a semisubmersible heavy lift vessel – Finesse – to a crane vessel. Following the upgrade, the vessel will feature a 3000 t crane, dynamic positions capabilities, and accommodation for up to 150 people. The vessel is currently berthed at Keppel Shipyard and will also be capable of transporting and installing offshore wind turbine foundations upon its completion in 3Q17.

For the fourth and final contract, Keppel Shipyard will execute major refurbishment works for an Exmar Ship Management managed gas carrier, LNG Lerici. Work on the vessel has begun, and is expected to be finished in 1Q18.

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