Keppel secures FPSO contracts worth about S$73 million from MODEC
Keppel Offshore & Marine Ltd (Keppel O&M) has, through its wholly-owned subsidiaries in Singapore and Brazil, secured contracts worth a combined value of about $73 million from MODEC Offshore Production Systems (Singapore) Pte Ltd, a MODEC, Inc. group company.
In Singapore, Keppel Shipyard has been engaged to fabricate, complete, and integrate the topside modules and mooring support structure for a Floating Production Storage and Offloading vessel (FPSO). Slated for delivery in 2021, the FPSO will be equipped to process 30,000 barrels of oil and 75 million standard cubic feet of gas per day and will have a storage capacity of 700,000 barrels of oil.
In Brazil, Keppel O&M’s BrasFELS shipyard has been awarded a topside module fabrication contract for an FPSO for the Búzios field in the Santos Basin, off the coast of Rio de Janeiro, Brazil. Work on the FPSO, to be named FPSO Almirante Barroso MV32, is expected to commence in Q3 2020. Components for the modules and mooring support structure are scheduled to arrive in Q3 2020 for completion, integration, and delivery at the BrasFELS shipyard in Angra dos Reis, with delivery scheduled for Q4 2021.
When completed, the vessel will be capable of processing 150,000 barrels of oil and 212 million standard cubic feet of gas per day, with a minimum storage capacity of 1.4 million barrels of oil. This marks the seventh FPSO-related project undertaken by BrasFELS for MODEC.
Mr. Chris Ong, CEO of Keppel O&M, said, “We are pleased to partner to execute and deliver its key projects wherever they are needed. We have built a solid track record of 11 projects completed with the MODEC group of companies. We have confidence in Keppel's track record and ability to deliver in spite of the current challenging environment, as we continue to support FPSO conversions, module fabrication and integration works, as well as turret projects.”
“Against the backdrop of COVID-19, Keppel O&M has implemented enhanced safety measures to ensure the safety of our staff and customers, while leveraging technology and innovation to ensure that our operations can continue in a safe and efficient manner.”
Keppel O&M is a trusted partner in the conversion, repair and modification of diverse and complex rigs and vessels, and is also a developer of integrated solutions for the offshore renewable and infrastructure industries. While low oil prices amidst a global pandemic mark a difficult time for the industry, we are confident that there is continued demand for energy in the long-term as the global economy gears up for recovery.
Keppel Offshore & Marine is a world leader in providing total solutions to the offshore, marine, and energy industries. Backed by robust operational excellence, Keppel O&M innovates and leverages new technologies to deliver projects on time, on budget, safely, reliably, and to the highest quality.
MODEC Offshore Production Systems (Singapore) Pte Ltd is a subsidiary of MODEC, Inc. Mr. Anthony Quinn, President and COO of MODEC Offshore Production Systems (Singapore), said, “Keppel has been a trusted partner for MODEC. Their expertise, experience and reliability as a solutions provider both in Singapore and Brazil have contributed to our success as a leading provider of quality floating production systems.”
A pioneer in offshore solutions, Keppel O&M has a strong track record in designing and building high-performance offshore floating production systems, including Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Floating LNG (FLNGs), Tension Leg Platforms (TLPs), and Production Semi-submersibles.
This article was originally published on Marine & Industrial Report newspaper Vol 42 No.4 Issue last August 31, 2020.
