Why Keppel Offshore & Marine just got richer by around $100m

Thanks to new upgrade, repair deals.

According to a release, Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiaries, Keppel FELS and Keppel Verolme, has secured upgrade and repair contracts totaling about S$100million from repeat customers.

Keppel FELS in Singapore will be undertaking the upgrade and modification of a semisubmersible (semi) for Ensco while Keppel Verolme will be upgrading a jackup rig for Rowan and repairing a semi for Saipem.

In Singapore, Keppel FELS will be undertaking the upgrade of the semi ENSCO 5005. Work on the semi includes upgrading major systems, machinery spaces, drill floor, derrick and living quarters as well as the renewal of steel and piping systems. The entire semi and its tanks will also be painted. The project is scheduled for completion in 1Q 2014.

In the Netherlands, Keppel Verolme is conducting a special periodic survey (SPS) on the jackup rig, Rowan Gorilla VI, for Rowan Drilling. This includes painting of the hull, inspection of spud cans, renewal of anodes and installation of dock plugs among other things.

The rig will also have its drilling equipment upgraded and is expected to be delivered by 4Q 2013.

Keppel Verolme is also completing a full SPS programme for Saipem on the semi Scarabeo 5. The yard’s scope of work comprises the overhaul of the thrusters, all anchor winches, top drive upgrade and various modification and repairs. Scarabeo 5 is scheduled for delivery in September 2013.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia