Keppel O&M bags integration and upgrading contracts worth $160m

Keppel Shipyard will do integration work for a FPSO vessel whilst Keppel FELS will upgrade the rig Ocean Onyx.

Keppel Offshore & Marine (Keppel O&M) has through its wholly-owned subsidiaries, Keppel Shipyard Ltd (Keppel Shipyard) and Keppel FELS Limited (Keppel FELS), secured integration and upgrading contracts worth a combined value of about $160m, an announcement revealed.

The first contract is between Keppel Shipyard and an operator of oil and gas production vessels for fabrication and integration work on a Floating Production Storage and Offloading (FPSO) vessel.

The shipyard's work scope includes the fabrication of several topside modules, the riser balcony, the spread-mooring and the umbilical support structures as well as installation and integration of associated equipment and all topside modules onto the FPSO. Work is expected to commence in 3Q 2019, and delivery is scheduled for 2021.

The second contract is between Keppel FELS and Diamond Offshore for the upgrade of the drilling semisubmersible rig Ocean Onyx. Keppel FELS' scope of work includes the engineering, fabrication and installation of new pontoons, columns, bracings and a wing deck.

The Ocean Onyx was first upgraded in 2012 by Keppel AmFELS, Keppel O&M's yard in the US, from an old semisubmersible rig. Scheduled for delivery in 2H 2019, Ocean Onyx will initially be deployed offshore Australia.