Singapore’s rig constructor Keppel Offshore and Marine has secured contracts worth $153million.
The contracts have been awarded to two of the company’s subsidiaries Keppel Shipyard and Keppel Nantong Shipyard.
The first contract is for the conversion of a Floating Production Storage and Offloading (FPSO) vessel FOR Armada Cabaca Limited, while the Keppel Nantong contract is for a submersible barge for Smit Shipping Singapore.
Mr Michael Chia, managing director of marine and technology at Keppel , said: “The award of these contracts from Bumi Armada and Smit Shipping affirms the confidence that repeat customers have in the quality of our products and the timeliness which we deliver with.
“Such high level of standards in safety, customer service, and operational excellence can be found across our global yards.
“In working with these customers who have shown great faith and support in us, we will draw from our working experiences in previous and ongoing projects to continuously improve our performance and provide value-added services.”
The work on the FPSO conversion for Bumi Armada is scheduled to be completed in 2016.
In China, work has also commenced for the barge that Keppel Nantong is building for Smit Shipping.
The new barge, Giant 7, will be the third such unit to be delivered by Keppel to the marine services company.
Giant 7 is expected to be completed next year 2015.