| Code: 149858 |

TINNews |

Keppel Shipyard Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine, has secured a Floating Production Storage and Offloading vessel (FPSO) conversion contract from SBM Offshore N.V.

The contract is for the conversion of a Very Large Crude Carrier (VLCC) into an FPSO, which upon completion, will be deployed to the Liza field, located approximately 193km offshore Guyana in the Stabroek block.

The shipyard’s work scope includes refurbishment and life extension works, such as the upgrading of living quarters, fabrication and installation of spread mooring systems, as well as the installation and integration of topside modules.

The converted FPSO will have a storage capacity of 1.6 million barrels of crude oil and is capable of producing up to 120,000 barrels of oil per day. The vessel will have a gas treatment capacity of circa 170 million standard cubic feet per day and a water injection capacity of circa 200,000 barrels of water per day.

 

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