Friday, July 8, 2016

Keppel Seaward and Marine secures marine ventures worth S$120 million Thursday, Jul 07, 2016

Keppel Seaward and Marine secures marine ventures worth S$120 million

Thursday, Jul 07, 2016

Keppel Seaward and Marine Ltd (Keppel O&M's) completely possessed backup Keppel Shipyard Ltd (Keppel Shipyard) has secured four contracts worth an aggregate of about S$120 million from rehash clients.

Mr Michael Chia, Overseeing Executive (Marine and Innovation) of Keppel O&M, said, "We are satisfied to secure new requests from long-term clients who keep on entrusting their tasks with us, whether it is for turret manufacture or vessel updates. Utilizing our far reaching scope of marine administrations, demonstrated execution brilliance and experience, we keep on being the trusted and favored accomplice in the business, giving practical and vigorous arrangements."

The principal get that Keppel Shipyard secured is from BW Catcher Constrained, a completely claimed backup of BW Seaward, for the establishment and joining of topside modules for a newbuild Gliding Creation Stockpiling and Offloading (FPSO) vessel. Upon its culmination, the FPSO will be sent to the Catcher Field situated in Focal North Ocean, UK, which is worked by Head Oil.

The second contract is from SOFEC, Inc. (SOFEC) to create an Interior Turret Mooring Framework for a Gliding Stockpiling and Offloading vessel that will work in Maersk Oil's Culzean Field in UK's segment of the North Ocean. Creation of the turret is required to be finished in 3Q 2017.

For the third contract, Keppel Shipyard will complete redesigning work to the pipelay vessel, Castorone, for Saipem Seaward Norway AS (Saipem). Keppel Shipyard beforehand attempted the culmination and joining works for the newbuild Castorone in 2011. As of now berthed at Keppel Shipyard, updating work for Castorone is booked to be finished in 3Q 2016. Keppel Shipyard's employment scope incorporates the substitution of switchboards to enhance the vessel's energy dispersion frameworks, reestablishment deals with 45 kilometers of electrical links, different pipelay framework redesigns and additionally the development of new water counterweight tanks and change of old ones into fuel oil tanks to upgrade the vessel's abilities.

The fourth contract is from Woodside Vitality Ltd for the change and overhauling of the FPSO vessel Ngujima-Yin to bolster the More prominent Enfield Venture. The shipyard's occupation scope incorporates marine and body life expansion and restoration works; establishment of new altered water surge module, turret risers and power and control module; and additionally alteration of swivel framework, marine and topside related funneling. Point by point building stage is required to begin in July 2016 while the shipyard development work is focused to begin in 2Q 2018. Upon its fruition, the Woodside-worked Ngujima-Yin FPSO will be conveyed back to the More prominent Enfield territory situated in Western Australia.

The above contracts are not anticipated that would materially affect the net unmistakable resources or profit per offer of Keppel Partnership Restricted for the current money related year.

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good article
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