Keppel O&M wins S$125 million worth contracts from repeat customers

A deep-sea drilling rig owned by Keppel Offshore and Marine.
A deep-sea drilling rig owned by Keppel Offshore and Marine.PHOTO: KEPPEL CORPORATION

SINGAPORE - Keppel Offshore & Marine's (Keppel O&M) local and overseas units won four contracts worth about S$125million, it said on Tuesday.

In Singapore, the unit Keppel Shipyard won two conversion contracts.

One is for a liquefied natural gas (LNG) floating storage unit (FSU) vessel, awarded by Armada Floating Gas Storage, a unit of Bumi Armada; the other for a floating production storage and offloading vessel awarded by Yinson Production (West Africa).

Mr Chow Yew Yuen, Keppel O&M chief executive, said:"Even in challenging market conditions, we are glad to be the choice yard for operators.

"This is the 14th conversion-upgrading project that we are undertaking for Bumi Armada. It is also their first LNG FSU conversion project and we are proud to be their trusted partner again."