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Keppel O&M subsidiary wins $100 mil contract from repeat customer

Felicia Tan
Felicia Tan11/26/2020 06:19 PM GMT+08  • 2 min read
Keppel O&M subsidiary wins $100 mil contract from repeat customer
Shares in Keppel Corporation closed 1 cent lower or 0.2% down at $5.23 on Nov 26.
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Keppel Shipyard, the subsidiary of Keppel Offshore & Marine (Keppel O&M) announced on Nov 26 that it has secured a contract from a repeat customer worth $100 million.

The contract, which is scheduled for delivery in 4Q2022 is for the fabrication and integration work on a Floating Production Storage and Offloading vessel (FPSO).

Under the terms of the contract, Keppel Shipyard’s scope of work includes the fabrication, installation and integration of topside modules, riser balconies and spread mooring support structures, as well as supporting the customer on pre-commissioning and commissioning work.

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