Singapore’s Keppel O&M bags $186 million worth of contracts

Singapore’s Keppel O&M bags $186 million worth of contracts

Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard), has been awarded contracts worth around S$250 million ($186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel, and the enlargement of two Trailing Suction Hopper Dredgers (TSHD).

For the first contract, Keppel Shipyard has received the Final Notice to Proceed (FNTP) from GAS-fifteen Ltd, a wholly-owned subsidiary of GasLog Carriers Ltd, for the Engineering Procurement Construction (EPC) conversion of a Liquefied Natural Gas (LNG) Carrier into an FSRU. This follows Keppel’s announcement on 25 November 2021 that Keppel Shipyard had signed a Limited Notice to Proceed (LNTP) to commence early works for the conversion.

The yard’s scope of work for this project includes the EPC of the regasification skid, as well as the supporting systems such as boilers, spread-mooring, offloading, electrical and automation systems.