Sunday, December 6, 2009

SINGAPORE: Keppel O&M wins marine contracts worth S$165 million from Petrobras and Saipem

(http://www.augustenergy.biz/, December 3, Thursday --- Article from EnergyAsia ...

(http://www.energyasia.com/) --- Singapore’s Keppel Offshore & Marine Ltd said it has secured two marine contracts worth a total of about $165 million through subsidiaries Keppel Shipyard Limited and Keppel Verolme BV. (US$1=S$1.38).

The first project, secured by Keppel Shipyard from repeat customer Petrobras Netherlands BV (PNBV), is for the pre-conversion of P-58, a floating production storage and offloading (FPSO) vessel for the Campos Basin in Brazil.

The second project involves the repair and modification of the semisubmersible pipelay vessel, Castoro Sei for Italian oil and gas contractor Saipem SpA by Keppel Verolme.

Keppel Shipyard’s scope of work on P-58 includes structural and piping renewal, tank coating as well as refurbishment and upgrading of the accommodation. When completed in the first quarter of 2011, the vessel will sail to Brazil for the rest of the conversion which includes completion works of the topsides.

P-58 will have a production capacity of 180,000 barrels of oil per day (b/d) and gas compression capacity of 6 million cubic metres per day. It will operate in Parque das Baleias’ north field, in the Campos Basin and spread moored in a water depth of 1,400 metres.

Tong Chong Heong, CEO of Keppel O&M, said: “As a group, Keppel O&M has built a strong reputation and a trusted brand name for diverse projects with safe and efficient turnaround.

“We hope that with our versatility, experience and expertise, we continue to be provider of choice for the international market.”

Renato de Souza Duque, Petrobras’ services director, said:

“We know Keppel very well. They have completed many projects for us successfully and have demonstrated excellent project management and reliability. We look forward to another high quality project from them.”

Keppel Shipyard’s projects for Petrobras and Brazil currently also include the major conversion of FPSO P-57, FPSO BW Pioneer and FPSO Peregrino as well as the modification and upgrading of FPSO Capixaba. At present, Keppel Shipyard is carrying out seven other major conversions and upgrading projects at its yards.

Over in the Netherlands, Keppel Verolme has been tasked to overhaul four thrusters, install new stinger handling support rails and repair and modify the onboard gantry cranes and fendering system of Castoro Sei. The semisubmersible pipelay vessel will also undergo an extensive hull blasting and painting programme.

Work on Castoro Sei is scheduled for completion in the first quarter of 2010. It will be deployed for the Nord Stream project, a gas pipeline which will link Russia and the European Union via the Baltic Sea.

Tiziano Zarbo, Saipem Asset manager for offshore fleet, said: “We had an excellent working experience with Keppel Verolme on the recent drydocking of Saipem 7000. Considering the time constraints and technical difficulties involved, we are pleased to again partner Keppel Verolme which has proven to be a reliable partner to Saipem.”

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