Keppel secures FPSO contracts worth SG$73 million from MODEC

Keppel Offshore and Marine (Keppel O&M), through its wholly-owned subsidiaries in Singapore and Brazil, has secured two contracts worth a combined value of about SG$73 million (US$52.5 million) from MODEC Offshore Production Systems Singapore, a subsidiary of Japan’s MODEC.

In Singapore, Keppel Shipyard has been engaged to fabricate, complete, and integrate the topside modules and mooring support structure for a floating production storage and offloading vessel (FPSO). Components for the modules and mooring support structure are scheduled to arrive in the third quarter of 2020 for completion as well as integration and installation with the FPSO hull, which is expected in the yard in the fourth quarter of 2020.

Slated for delivery in the second quarter of 2021, the FPSO will be equipped to process 90,000 barrels of oil and 2.1 million standard cubic metres of gas per day and with a storage capacity of 700,000 barrels of oil.

In Brazil, Keppel O&M’s BrasFELS shipyard has been awarded a topside module fabrication contract for an FPSO for the Buzios field in the Santos Basin, off the coast of Rio de Janeiro, Brazil.

Work on the FPSO, to be named Almirante Barroso MV32, is expected to commence in the third quarter of 2020 at the BrasFELS shipyard in Angra dos Reis, with delivery scheduled for the fourth quarter of 2021. When completed, the vessel will be capable of processing 150,000 barrels of oil and six million standard cubic metres of gas per day, with a minimum storage capacity of 1.4 million barrels of oil.