Keppel Shipyard clinches S$84m FPSO conversion from Marathon

abarrelfullabarrelfull wrote on 26 Jul 2012 11:20
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22-March-2005

Keppel Shipyard, a wholly-owned subsidiary of Keppel Corporation Ltd, has secured a Floating Production Storage & Offloading (FPSO) hull conversion contract worth S$84 million from Marathon Petroleum Company (Norway) on MST Odin.

The 87,000 dwt multi-purpose shuttle tanker arrived at Keppel Shipyard for the fast track hull conversion on 19 March.

Odin will undergo hull upgrading and modification works which involve procurement, construction and installation of the FPSO hull equipment, including shipboard marine systems, cargo, ballast, inert gas, crude oil washing, fire fighting and electrical and instrumentation.

The contract also entails the fabrication and installation of topside module support structures, green water protection, modification of the mid-ship moon pool into a cargo tank, turret cone/support structures and caissons for seawater lift pumps.

The vessel will be redelivered at the end of 2005 where it will be integrated with the processing facilities by Vetco Aibel, before deployment in the Alvheim field in the North Sea where the company expects to begin production during the first quarter of 2007. The partners of the Alvheim field are Marathon, ConocoPhillips AS and Lundin Norway AS.

Mr Peter Oswald, Alvheim Project Director said, “This is our first project with the yard, we look forward to a high quality job.”

Mr Nelson Yeo, Executive Director of Keppel Shipyard said, “This contract certainly strengthens our market leadership in FPSO/FSO conversions. We are committed to deliver Odin on time on budget.”


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