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SHIPPING & MARINE | Tim Charlton, Singapore

Keppel O&M to clinch more deals from Golar LNG

Each is predicted to cost at least US$700m.

Shipyard group Keppel Offshore & Marine (Keppel O&M) is expected to cash in on up to two floating liquefied natural gas (FLNG) vessel conversion contracts from Golar LNG in the next two years.

According to RHB, each is seen to range upwards of US$700m.

Quoting news reports, RHB said whilst the contract awards for up to two more FLNG vessels so far are a welcome boost for Keppel O&M as rig-building orders have dried up because of the protracted O&M downturn.

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