Keppel Shipyard Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine Limited, has been awarded two conversion contracts, worth a total of S$100 million.
The orders are from Prosafe Production Pte Ltd, and Shipping Logistics Incorporated for a long term charter to Perenco S.A. The first contract awarded by Prosafe is for the conversion of a 101,832 dwt double-sided tanker, MT Kudam, into a Floating Production Storage and Offloading (FPSO) facility. Subic Shipyard & Engineering Inc (SSEI), an associate of Keppel Shipyard, will carry out the first phase of this FPSO conversion. Keppel Shipyard will undertake the integration of the topside modules and the completion of the conversion work in Singapore. Work on the vessel is expected to be completed by late 2008.
The second contract is for a Floating Storage and Offloading (FSO) conversion for repeat customer, Perenco S.A. For this contract, the 138,105 dwt tanker is to be converted into a FSO unit to be named FSO Kalamu. It will be moored by a soft yoke arm, off the coast of the Democratic Republic of Congo.
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