After securing three contracts worth a combined valued of SGD420 million (USD342 million) via its subsidiaries, Singaporean offshore energy group Keppel Offshore & Marine's (Keppel) enjoyed a total of USD8.1 billion worth of orders in 2012.
Mr Tong Chong Heong, CEO of Keppel Offshore & Marine, said, "With the strong confidence and support of new and repeat customers, Keppel O&M continues to be the provider of choice for a broad range of offshore and marine projects.
"2013 will be a busy year for us as we continue to focus on the quality execution of all our projects – we are committed to ensure that they are delivered safely, promptly and to high customer satisfaction. We will also enhance our capabilities, and so extend our range of value-added services."
Subsidiary Keppel Singmarine secured two of the three new contracts, with the third won by Keppel Shipyard.
One of Keppel Singmarine's two new contracts is from Hydro Marine Services, a subsidiary of McDermott International, for the construction of a high-specification deepwater pipelay (S-Lay) vessel.
Developed by Keppel's Marine Technology Development, this vessel is designed to support advanced pipelay operations, in which pipelines are installed to depths of up to 3,000 metres. It is also capable of achieving efficient pipelay rates for long trunklines, operating in severe weather conditions, and providing significant thrust output and power distribution.
Works for the pipelay vessel is scheduled to commence in the first quarter of 2013 and is expected to be completed in approximately two and a half years. This contract will become effective after both parties have fulfilled certain conditions precedent by January 2013.
Keppel Singmarine's other new contract is from Australia-based Bhagwan Marine to build a catamaran air dive support vessel (DSV). When completed in the first quarter of 2014, the DSV will be deployed in the north west of Western Australia to support the operations of Apache Energy. The vessel was designed by Sydney-based naval architecture firm Incat Crowther.
"Specialised units such as pipelay vessels and DSVs form part of Keppel Singmarine's growing track record," said Keppel in a statement.
"Keppel Singmarine has also worked together with Keppel Shipyard to bring to the market Saipem's Castorone, one of the world's largest and most capable pipelay vessels. Presently, Keppel Singmarine's projects include a multi-purpose dive support construction vessel for SBM Offshore."
Keppel Shipyard's new contract is from EMAS Offshore Construction and Production to modify and upgrade an existing Floating Production Storage and Offloading (FPSO) facility, the 'Lewek Arunothai'. The yard's workscope includes the installation of new structures, piping systems and deck crane, refurbishment of the living quarters as well as the fabrication and installation of the rigid arm and external turret mooring systems.
When completed in the second quarter of 2013, the FPSO will be deployed as an Early Production System in the Kamelia field, which is located in the North Malay Basin off Peninsular Malaysia. The upgraded FPSO will be capable of handling five million cubic metres of gas, 1,000 barrels per day of condensates and 500 barrels per day of water.
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