Keppel delivers World's Fastest Brownfield FPSO Modification Project
Keppel Offshore & Marine (Keppel O&M), through its wholly-owned subsidiary Keppel Shipyard, has delivered the world’s fastest brownfield Floating Production Storage and Offloading (FPSO) vessel modification and upgrading project safely and on time.
Named FPSO Abigail-Joseph, the vessel was delivered to Yinson Nepeta Production Ltd (Yinson), a wholly owned subsidiary of Yinson Holdings Berhad.
Mr. Chris Ong, CEO of Keppel O&M said, “This is our 134th floating production vessel, and we are pleased to be able to fast-track the project and upgrade it in under seven months. This achievement reflects Keppel’s track record of reliability and quality, anchored in our strong engineering and project management capabilities, which enable us to offer value-adding solutions for customers.”
Keppel’s scope in this project includes refurbishment and life extension work, engineering and procurement, fabrication and installation of new structures including the helideck and riser balcony, as well as the installation, integration, and completion of topside modules.
Mr. Lim Chern Yuan, Group CEO of Yinson Holdings, added, “This is our third FPSO conversion project with Keppel since 2012, and our close partnership has grown from strength to strength. Leveraging our FPSO expertise and Keppel’s experience in vessel conversions, we are able to achieve this significant industry milestone and bring FPSO Abigail-Joseph to market quickly, maximising its operational uptime.”
Chartered by First Exploration and Petroleum Development Company Ltd (FIRST E&P) on a firm seven-year contract with options to extend, FPSO Abigail-Joseph will be deployed in Block OML 83/85 in the Anyala-Madu field, Niger State, Nigeria.
FPSO Abigail-Joseph has a processing capacity of 50,000 barrels of oil per day (bopd) and 60,000 barrels of liquid per day (blpd). It also features a gas compression capacity of 34 million standard cubic feet per day (mmscfd) and a storage capacity of not less than 550,000 barrels of oil. It is designed for 15 years of uninterrupted operation without dry docking.
A pioneer in offshore solutions, Keppel O&M has a strong track record in designing and building high-performance offshore drilling rigs, production platforms, and specialised ships. It 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.
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. For more information, visit www.keppelom.com.
Yinson Holdings Berhad is one of the world’s leading providers of Floating, Production, Storage and Offloading (FPSO) facilities and services, listed on the Main Market of Bursa Malaysia Securities Berhad.
Yinson was established in 1983 as a transport agency in Johor Bahru and grew to become one of Malaysia’s largest transport companies. In 2011, the Group entered the oil and gas industry by winning its first Floating Storage and Offloading (FSO) contract through a joint venture with PetroVietnam Technical Services Corporation.
In 2014, Yinson strengthened its core business through the acquisition of Fred. Olsen Production ASA, inheriting a strong and experienced team, as well as an additional 3 FPSOs and 1 mobile offshore production unit management contract.
In 2016, Yinson transformed into a full-fledged FPSO operator after divesting its non-oil and gas business segments. Today, Yinson is the 6th largest independent FPSO leasing company in the global market, with a presence in 10 countries.
This article was originally published on Marine & Industrial Report newspaper Vol 42 No.2 Issue last April 30, 2020.
