Keppel Shipyard nets two contracts including pipelay vessel dealYard News // March 11, 2011
Keppel Shipyard Limited (Keppel Shipyard), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured new contracts totalling S$170 million for two fast-track projects.
The new jobs comprise completing a pipelaying vessel for Saipem and converting a FSO for Bumi Armada Berhad (Bumi Armada).
The first contract was awarded by Saipem for the completion of a newbuild pipelaying vessel, Castorone. The major work scope includes detailed engineering, constructing marine systems and outfittings, installing and integrating marine and pipelaying equipment as well as commissioning the marine systems and sea trials. Sister company, Keppel Singmarine, will jointly execute this project with Keppel Shipyard.
Castorone is expected to arrive at Keppel Shipyard towards the end of the first quarter of 2011. When completed in mid-2012, the vessel will be equipped with a DP3 dynamic positioning system and will be able to lay triple-jointed 12m (or double-jointed 18m) pipes of up to 60in using the ‘S' lay method. T
he vessel will also be equipped for the future addition of a fixed tower for pipe laying in the ‘J' lay method.