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Keppel secures two FPSO contracts worth USD 190m

18th September 2013

The contracts involve the conversion and renovation of two FPSOs for deepwater developments offshore Mexico and Indonesia

Keppel secure two FPSO contracts worth USD 190m
The contracts cover the regeneration of two FPSO projects for use in major deepwater developments in Mexico and Indonesia.

Keppel Shipyards has won two contracts with Dutch company SBM Offshore and Malaysian company M3nergy Offshore worth a combined USD 190m. The contracts cover the regeneration of two FPSO projects for use in major deepwater developments in Mexico and Indonesia.

 

The first conversion project, for SBM Offshore, is for an FPSO that will host Shell’s Stones ultra deepwater development in the Gulf of Mexico. When completed, the vessel will be the deepest production facility in the world and the deepest FPSO with a disconnectable buoy.

 

The design includes a processing facility with a capacity of 60,000 barrels per day of oil and 15 million standard cubic feet per day, with a maximum storage capability of 800,000 barrels of crude oil.

 

 

The second conversion project, for M3nergy Offshore, is for an FPSO for the Bukit Tua field in Ketapang Block, Indonesia. Expected to be completed in the second quarter of 2014, it will have a production capacity of 25,000 barrels per day of liquids and a storage capacity of up to 630,000 barrels.