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Keppel wins S$368m in new offshore contracts

Keppel Corp's offshore and marine arm has secured contracts worth a total of S$368 million, the firm said on Tuesday.

SINGAPORE: Keppel Corp's offshore and marine arm has secured contracts worth a total of S$368 million, the firm said on Tuesday.

Keppel Shipyard unit will convert a floating production storage and offloading (FPSO) vessel for a subsidiary of Bumi Armada Bhd such that the vessel will be able to operate in harsher environments.

Separately, Keppel Singmarine will design and carry out fabrication and outfitting works for a subsea construction vessel.

When completed, the subsea construction vessel will be deployed for the Stage 2 development of a field that lies some 70 kilometres offshore in the Azerbaijan sector of the Caspian Sea.

Keppel Corp is the world's largest maker of offshore oil rigs.
 

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