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    Keppel Offshore & Marine clinches FPSO/AHTS contracts

    Yard News // October 18, 2006

    Keppel Offshore & Marine is to build five AHTS for Whitesea.

    Keppel Offshore & Marine Limited (Keppel O&M) has secured contracts worth a total of S$210 million to carry out the conversion of two floating production storage and offloading (FPSO) facilities and the construction of five anchor handling tug/supply vessels.

    Mr Nelson Yeo, Executive Director of Keppel Shipyard, a wholly-owned subsidiary of Keppel O&M, said: "Enquiries for FPSOs and offshore support vessels (OSVs) remain active and we expect this to continue, particularly for FPSO and FSO facilities. We see a strengthening in demand for upgrading and conversion of such vessels."

    The conversion contracts were clinched by Keppel Shipyard from regular customers, Monaco-based Single Buoy Moorings (SBM) and Frontline FPSO Ltd (Frontline), a new business unit of Frontline Ltd of Bermuda.

    Another wholly owned subsidiary of Keppel O&M, Keppel Singmarine Pte Ltd has secured five 62m AHTS vessels from first time customer Whitesea Shipping & Supply LLC (WSS).

    The vessels will be constructed in Keppel Nantong Shipyard, bringing the total number of vessels being built by the Chinese yard to 13 units.

    Deliveries for these vessels are scheduled between 2008 and early 2009 for operation in the Middle East.

    Based in the United Arab Emirates (UAE), WSS is a regular customer of Arab Heavy Industries (AHI), an associate of Keppel O&M, which services WSS’s fleet of offshore support vessels.

     

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