Keppel Shipyard has bagged SGD 142m ($109.4m) worth of contracts to convert and upgrade vessels into floating storage units (FSUs) for three different clients.
Singapore-listed parent Keppel Corp says the first project involves Malaysian giant MISC’s 130,000-cbm Tenaga Empat (built 1981), which will be transformed from an LNG carrier into an FSU.
Upon delivery in the second-quarter of 2012, the unit will operate alongside Malaysia’s Melaka LNG import terminal, according to an exchange filing.
The second deal will turn the 107,000-dwt crude tanker Monte Umbe (built 1997) into a floating production, storage and offloading unit (FPSO) for Kuala Lumpur-based offshore support vessel owner Bumi Armada.
When the FPSO hits the water in the fourth quarter of next year, Keppel Corp says it will be chartered for seven years, with an option for another six, to India’s Oil and Natural Gas Corporation for use in the D-1 field, which is located 200 km west of Mumbai.
The final contract with Dixstone Holdings, a joint venture backed by the Perenco Group and Cameroon National Hydrocarbons Corp, calls for modifications and upgrades to the 269,000-dwt tanker Massongo (ex-Pacific Jasper, built 1995), which became a conversion candidate when it was sold by its former owners earlier this year.
When the overhaul is completed in the third quarter of 2012, the unit will replace the 271,000-cbm FSO Moudi (ex-Hermione, built 1971) and 181,000-cbm FSO Kingsway (built 1992) at the Moudi field off Cameroon.