Keppel awarded FSRU conversion and integration work projects

The projects are worth an estimated $200m.

Keppel Shipyard Ltd, one of Keppel Offshrone & Marine's wholly-owned subsidiaries, has been awarded FSRU conversion and FSPO integration work. 

The total value of the projects is at $200m contains two contracts.

For the first project, Keppel Shipyard has inked a Limited Notice to Proceed (LNTP) with a global provider of LNG shipping services. This is in order to commence works for the conversion of a Liquified Natural Gas Carrier into an FSRU.

The LNTP also includes engineering work that will commence in the fourth quarter of 2021, with the remainder of the work expected to commence within the first quarter of 2022.

Meanwhile, the second project from BW Offshore gave the Group a Letter of Award, with the formal contract signing schedule by early 2022. This is to cover the integration work on a new build FPSO. 

Keppel Shipyard will also be responsible for the integration of around 35,000 tons of topside modules and a turret, with additional options also available. 

Overall, the two projects are expected to be around $200m. Further announcements are expected to be released when a definitive contract has been made by Keppel Shipyard and BW Offshore, as well as when the FNTP on the FSRU project has been received..

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Banks should have enough buffers and find climate transition risks manageable.
The initiative is expected to improve the operating environment for SG businesses.
This includes the upgrade to the latest data acquisition and control system.
A potential incentive fee of up to $18m may be applied. 
This is part of the group’s efforts to spearhead maritime decarbonisation.
This is higher compared to September's retail sales YoY increase at 6.8%.
Restaurants experienced the most YoY decline at 24%. 
Over 40 companies were recognised in the 7th edition of the awards programme.
VTL scheme to proceed “without change” amidst detection of Omicron variant in Korea.
SATS, Sembcorp Industries, and the SGX led the index.
Birth rates in the country have declined since the pandemic began.
It represents a premium to the property’s book value of approximately $20.6m.
The move will be part of the redevelopment of the Central Mall properties.
It also waived its right to walk away from potential material adverse effects.