Keppel O&M ends year with additional contracts

Singapore: Keppel Offshore & Marine has ended 2008 with additional signed contracts worth S$200m through its wholly owned subsidiaries.

The new orders include the upgrading and conversion of a Floating, Storage and Offloading (FSO) vessel into a Floating Production, Storage and Offloading facility by Keppel Shipyard for Single Buoy Moorings, the building of two RAmpage 5500 Z-M offshore support tugs by Keppel Singmarine for Seaways International and the construction of three tugboats at Keppel Cebu Shipyard in the Philippines. Work on the FPSO Okha is expected to commence in the first quarter of 2009 and will be completed in the fourth quarter of 2010. The facility is being developed for the Cossack Wanaea Lambert Hermes oil field 135km northwest of Karratha in Western Australia. The two DP2 multi tasking Anchor Handling Tugs (AHT), each with 100-tonne bollard pull, are due for completion in the first half of 2011 and will be deployed in West Africa, Asia or the Middle East. Keppel Singmarine is currently building a similar AHT for the same owner for delivery in end 2009.

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