Keppel to deliver second Prosafe FPSO

Keppel Shipyard Limited (Keppel Shipyard) is on course to deliver the FPSO facility, Umuroa, to Prosafe Production (Prosafe) in March. Umuroa?s will follow the delivery of Prosafe?s other vessel, FPSO Polvo, which is expected to leave the yard later this month for deployment to offshore Brazil in the Polvo Field.

When delivered, Umuroa will be deployed to the Tui Area Development in New Zealand for Australian Worldwide Exploration Limited. Umuroa will have a process capacity to handle 120,000 bfpd, with oil production at 50,000 bopd, gas compression at 25 mmscfd and a storage cap of 770,000 barrels of oil. First oil is expected in the second quarter of 2007.

Umuroa is the eighth FPSO/FSO conversion and upgrading project that Keppel Shipyard has undertaken for Prosafe in the last ten years. A leading owner and operator of FPSO/FSO vessels, Prosafe has entrusted Keppel Shipyard exclusively to carry out the conversion of all their FPSO and FSO systems.