Keppel Shipyard has secured two floating production, storage and offloading (FPSO) conversion contracts from repeat customers worth a total of $190 million.

These contracts are from SBM Offshore and M3nergy Offshore.

Keppel Shipyard's project for SBM Offshore is for a vessel that will be used in an ultra deepwater development by Shell in the Gulf of Mexico.

Meanwhile, the contract from M3nergy Offshore is for a vessel to be used in the Bukit Tua Field, 35km north of Madura Island in Indonesia.