Keppel Offshore & Marine, through its subsidiaries, Keppel Shipyard, Keppel FELS and Keppel Verolme, has secured $140 million worth of contracts for the conversion of a Floating Production Storage and Offloading facility (FPSO) and repair and modification of two semisubmersibles (semi).

Keppel Shipyard will undertake the upgrading and conversion of a Suezmax tanker into an FPSO for repeat customer Bumi Armada Berhad. Keppel FELS and Keppel Verolme have each secured the repair and modification of a drilling semi from Stena Drilling.

Keppel Shipyard is expected to commence work on the FPSO in the second quarter of 2010. The work scope includes refurbishment and life extension works; fabrication and installation of accommodation blocks, turret support structure and topside modules; upgrading of auxiliary support systems; and installation of owner supplied equipment.

When completed in the second quarter of 2011, the facility will be able to produce up to 45,000 barrels of oil per day (bopd), and store 1,000,000 barrels of oil. The converted FPSO will be deployed in the Te Giac Trang (TGT or White Rhinoceros) oil field, located in the Cuu Long Basin, Vietnam, for Hoang Long Joint Operating Company, a partnership comprising Petrovietnam, Soco International, PTTEP and OPECO.

Over at Keppel FELS, repairs and major upgrading works will be performed on drilling semisubmersible Stena Clyde. Due to arrive in April 2010, work on the semi includes a special periodic survey, main engine replacements and mooring winch system upgrade. The semi will return to its deployment in Perth Australia for Apache Corporation, upon its expected completion in June 2010. Stena Clyde was previously at Keppel FELS for similar special periodic survey works in 2000 and 2005.

In the Netherlands, Keppel Verolme has been awarded with the repair and maintenance of a 3,700 deadweight tonne dynamically positioned drilling semi, Stena Don. The job scope involves upgrading the drilling rig capabilities by installing four blisters and two sponsons, as well as overhauling thrusters. Work on Stena Don is scheduled for completion in the second quarter of 2010.