Keppel clinches S$127 million FPSO conversion and repair contracts

abarrelfullabarrelfull wrote on 16 Dec 2013 09:01

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Keppel Shipyard Limited (Keppel Shipyard) and Keppel Verolme BV (Keppel Verolme) have secured contracts worth a total of around S$127 million for the conversion of a tanker to a Floating Production Storage Offloading (FPSO) facility and the repair of a FPSO vessel respectively.

The conversion of the VLCC Capella to FPSO Mondo is the eighth such FPSO/FSO project that Keppel Shipyard is executing for Single Buoy Moorings Inc (SBM) since 2000. The vessel is expected to be completed in third quarter 2007.

Mr Nelson Yeo, Executive Director of Keppel Shipyard, shared, “We have recently completed the conversion of the FPSO Capixaba for SBM and are delighted to be awarded the new project with them. This speaks of the strong partnership we have built with SBM over the years.”

The scope of work on the former VLCC Capella includes the installation and integration of the topside modules, installation of an external turret and helideck, fabrication and installation of a flare tower and bow modification work. Built in 1975, VLCC Capella, of 273,000 dwt, is 337 metres in length and 54.5 metres in width.

When completed, the floating system will be leased by SBM to ExxonMobil for deployment in Mondo Field, Block 15 offshore Angola for the Kizomba C Development.

FPSO Mondo will be capable of processing 100,000 barrels of oil per day (bopd) with a storage capacity for 1.6 million barrels of oil. The vessel will be moored in water depth ranging between 720 and 760 metres.

Keppel Shipyard has undertaken seven highly successful conversion projects since 2000 for SBM. They are FPSO Espadarte, Yetagun FSO, FPSO Falcon, FPSO Brasil, FPSO Serpentina, FPSO Marlim Sul, and FPSO Capixaba. FPSO Falcon and FPSO Serpentina were undertaken for operations in West Africa by ExxonMobil.

Keppel Shipyard has a strong track record of around 60 FPSO and FSO conversion and repair projects. It is currently carrying out five other FPSO and FSO conversion and upgrading projects at its yards. Major conversions projects include the floating production unit, P-53, for Petrobras, Brazil’s national oil company and as well as two FPSOs from Prosafe Production.

Meanwhile, sister company, Keppel Verolme, is strengthening its track record in the repair and conversion of FPSOs.

Keppel Verolme has secured an agreement with Petro-Canada (East Coast) for the repair of Terra Nova FPSO. The scope of work comprises maintenance, inspection and modification activities on both hull and process topsides systems of the Terra Nova FPSO.

Maintenance work being carried out includes survey and overhaul of thrusters, underwater maintenance and coating, and repair to the vessel and the process systems. Inspection and modification works cover the testing of cargo tanks and pressure vessels, extension of the accommodation quarters and modifications in the process modules.

The Terra Nova FPSO is operated by Petro-Canada, one of the largest integrated oil and gas companies in Canada. It has the largest interest in Terra Nova, which is co-owned by ExxonMobil Canada Properties, Husky Terra Nova Partnership, Murphy Oil Company Limited, Mosbacher Operating Limited, Norsk Hydro Canada Oil & Gas Inc. and Chevron Canada Resources.

The vessel is expected to arrive at Keppel Verolme by mid July 2006. It is scheduled for delivery and deployment in the Terra Nova field, located 350 km ESE of St John's Newfoundland, Canada, by mid September 2006.

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