Keppel secures contract from Yinson for the modification of FPSO
Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard), secured contract for the modification of a Floating Production Storage and Offloading vessel (FPSO), the company said in its release.
Contract is between Keppel Shipyard and Yinson Nepeta Production Ltd, a wholly-owned subsidiary of Yinson Production Pte Ltd (Yinson), for the fast-track modification and upgrading of FPSO Allan. Keppel Shipyard's scope of work includes refurbishment and life extension works, fabrication and installation of a new riser balcony, spread mooring system and helideck, as well as modification of the vessel's topsides and marine systems.
The project for Yinson is scheduled to commence in 3Q 2019 with delivery expected in 1Q 2020. Upon completion, the FPSO will have a storage capacity of 700,000 barrels of oil and a processing capacity of 60,000 barrels of oil per day. It will be deployed in the Anyala and Madu fields, offshore Nigeria for First Exploration and Petroleum Development Co Ltd.
As one of the world's leading Floating, Production, Storage and Offloading (FPSO) service providers, Yinson Holdings (KLSE: "YINSON") is setting standards in the way offshore oil and gas production is managed through a modern fleet of purpose-built offshore production assets and offshore support vessels with a track record of operational excellence. The Company's extensive fleet of Floating, Production, Storage and Offloading (FPSO & FSO) and Offshore Support Vessels (OSV) deliver key equipment, technology, and capacity to meet the world's demand for energy.
About Keppel Offshore & Marine
Keppel O&M is a global leader in offshore rig design, construction and repair, specialised shipbuilding, as well as ship repair and conversion. It integrates and harnesses the experience and expertise of yards and offices in 15 countries to be near customers and markets.