Keppel Offshore & Marine secures $153 million worth of contracts

SINGAPORE - Keppel Corporation has secured $153 million worth of contracts for its offshore and marine unit, the firm said on Tuesday.

Keppel Shipyard, a wholly-owned subsidiary of Keppel, will convert a floating production storage and offloading vessel for Malaysian-owned Armada Cabaca.

The vessel is scheduled for completion in the second quarter of 2016, and will be deployed in Angola.

Keppel Shipyard's work scope for this project includes refurbishment work and upgrading of living quarters for 100 staff.

Separately, Keppel Nantong won a deal to build a barge for Smit Shipping, a unit of the Royal Boskalis Westminster Group. The barge will be deployed to the Pilbara coast in Western Australia, where two other barges constructed by Keppel are being built now.

The new barge is expected to be completed in the second half next year.