Keppel Offshore & Marine, through its subsidiaries Keppel Shipyard and Keppel FELS, says it has secured contracts worth $160 million for a Floating Production Storage and Offloading (FPSO) vessel conversion, a Derrick Lay Barge completion and the life extension of a semisubmersible rig.

The first contract was secured by Keppel Shipyard for the conversion of an FPSO from Emas Offshore Construction and Production (EOCP), a subsidiary of EOC.

The conversion of the Suezmax tanker into an FPSO is expected to be completed in 1Q 2011 and will be able to produce up to 50,000 barrels of oil per day (bopd), and store about 680,000 barrels of oil. The converted FPSO unit will be leased to Premier Oil Vietnam Offshore B.V. for the development of the Chim Sao field, offshore southeastern Vietnam.

The major scope of work for the conversion includes refurbishment and life extension works; accommodation upgrade; fabrication and installation of topside modules and turret mooring system, flare tower, helideck and pipe racks; tank coating work; structural steel additions and new piping systems. It will also feature an internal turret designed by EOC’s associate company, London Marine Consultants (LMC).

Separately, Keppel Shipyard has also secured a job to complete the NorCE Endeavour, a Derrick Lay Barge for NorCE Offshore.

Keppel Shipyard will undertake the installation of various equipment, the furnishing of a new 284-man accommodation block, the fabrication and installation of outfitting steel, painting works, as well as assist in the vessel’s commissioning.

Expected to be completed in 2Q 2010, the 146 metre-long barge will incorporate a 1,100-tonne ringer crane and advanced pipe-lay equipment, which will enable it to operate in a wide range of offshore marine construction activities in the region.

Meanwhile, Keppel FELS has won a job to repair and perform life extension works on MG Hulme Jr, a deepwater semisubmersible rig for Transocean.

Work on the rig is expected to start in 1Q 2010 when the vessel arrives from Nigeria, West Africa. The scope involves the refurbishment of existing accommodation, installation of a new accommodation block and helideck, various machinery overhauls and inspections.

The vessel will be deployed to operate in Libya for Gazprom with delivery expected in 2Q 2010.