Keppel secures another FPSO conversion project

Oct 13 2017

Keppel Shipyard, a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has won an FPSO conversion contract from SBM Offshore.

The contract is for the conversion of a VLCC into an FPSO, which upon completion, will be deployed to the Liza field, located about 193 km offshore Guyana in the Stabroek block.

The shipyard's task includes refurbishment and life extension works, such as the upgrading of living quarters, fabrication and installation of spread mooring systems, as well as the installation and integration of topside modules.

Chor How Jat, managing director (conversions and repairs), Keppel O&M and managing director, Keppel Shipyard, said, "We are pleased to undertake the conversion of this FPSO, which is our 25th major project from SBM Offshore. It is testament to Keppel's expertise in FPSO conversions and the strong partnership we have developed with SBM Offshore since Keppel Shipyard's first delivery in 1981.

"Over the years we have established a base of strong customers, including SBM Offshore, who choose us for our proven track record and value-add in the conversion, upgrading and repair of vessels," he said.

The converted FPSO will have a storage capacity of 1.6 mill barrels of crude oil and is capable of producing up to 120,000 barrels of oil per day. The vessel will have a gas treatment capacity of around 170 mill standard cu ft per day and a water injection capacity of about 200,000 barrels of water per day. 

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