Keppel Shipyard has secured contracts from repeat customers amounting to S$150 million (US$103.57 million) for the upgrading, modification and conversion of two vessels.
Work on the vessels is expected to commence in October 2008. The first contract is from Single Buoy Moorings Inc (SBM), for the upgrading and conversion of a tanker into an FPSO. This will be the tenth FPSO conversion project that Keppel has undertaken for SBM since 2000. To be converted from the 255,272DWT VLCC ‘MT Accord’, the spread-moored P-57 FPSO will be capable to undertake gas compression of 71 million cubic feet of gas per day (mmscf/d). Keppel Shipyard’s scope of work includes the hull and marine conversion; spread mooring aids installation, accommodation block extensions/refurbishment, fabrication and installation of marine pipe rack, topside module supports as well as part of the topside modules installation. To be supplied in a fixed lumpsum contract by SBM to Petrobras, the vessel is expected to leave Keppel Shipyard in the fourth quarter of 2009 for Brazil where the remaining work will be completed, which will account for 65 percent of the whole project. The vessel will subsequently be deployed in the deepwater Jubarte field in the Campos Basin. The second contract is from Golar LNG, for the conversion of ‘Golar Winter’ (VT1), a membrane LNG Carrier into a Floating Storage Re-gasification Unit (FSRU).
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