New FPSO contracts for Keppel

The first contract is from Single Buoy Moorings (SBM) for the conversion of the VLCC Concorde Spirit into a FPSO facility, to be named FPSO OSX-2. SBM has been engaged by OSX Brasil to supply the FPSO, which is expected to be completed in the second quarter of 2013 and will be deployed in the OGX field in Campos Basin, offshore Brazil.

The scope of Keppel’s work on FPSO OSX-2 comprises refurbishment and life extension works, accommodation block extensions for 80 personnel, a new flare tower, a new internal turret mooring system and topside module supports, as well as the installation and integration of topside modules. Work on the vessel is expected to commence in September 2011.

Keppel Shipyard’s second contract is for the fast-track fabrication and integration of an external turret mooring system for Rubicon Offshore International. FPSO Rubicon Intrepid is currently engaged in the production of Galoc Field, west of Palawan Island, the Philippines. Fabrication of the turret is expected to be completed and integrated to the FPSO in the fourth quarter of 2011.

Tony Mace, CEO of SBM Offshore said: “Since 2001, Keppel has been our preferred partner and we are pleased to award another FPSO conversion to them. I look forward to continue with this partnership as we build up our FPSO fleet.”

Nelson Yeo, managing director of Keppel Shipyard, said: “We are glad for another opportunity to collaborate with our long-time customer SBM and to support OSX. Committed to safe and value-added services, we will work closely with all stakeholders of FPSO OSX-2 towards a successful conversion project.”

Ongoing projects between Keppel Shipyard and SBM include the fast-track modification and upgrading of the FPSO Cidade de Anchieta and the conversion of the FPSO Cidade de Paraty, which will subsequently proceed to Keppel FELS Brasil’s BrasFELS for installation and integration of topsides. Keppel Shipyard is also undertaking modification and upgrading work on OSX’s first vessel, FPSO OSX-1.