Keppel secures consecutive FPSO conversion orders

2013-09-24 08:00

Singapore's Keppel Shipyard announced on the 18th that it has received two Floating Production Storage and Offloading (FPSO) conversion orders from SBM Offshore and M3nergy Offshore, totaling SGD 190 million (USD 152 million).

SBM Offshore's FPSO will be used in Shell's Stones development project in the Gulf of Mexico. Once installed, this floating facility will be recorded as a production facility in the world's deepest location, with a daily crude oil processing capacity of 60,000 barrels and a storage capacity of 800,000 barrels.

In this project, Keppel will be responsible for the equipment life extension, functional upgrades to the living quarters, fabrication and installation of modules for the internal superstructure, and the buoyant turret mooring (BTM) system.

Separately, the FPSO ordered by M3nergy Offshore will be completed in the second quarter of 2014 and deployed to the Bukit Tua oil field offshore Indonesia. In this conversion project, Keppel will undertake the FPSO's equipment life extension, fabrication and installation of new structures such as the piping system and Spread Mooring system, functional upgrades to the living quarters, and installation of superstructure modules, among other related work.

This FPSO will have a maximum daily production capacity of 25,000 barrels and a storage capacity of 630,000 barrels.

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