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(Image courtesy of Keppel Shipyard)

Keppel Shipyard has landed two Floating Production Storage and Offloading (FPSO) conversion contracts worth a combined value of $150 million.

The contracts are from SBM Offshore N.V. and M3nergy Offshore Limited.

Keppel’s new project for SBM Offshore is for the FPSO that will hold the ultra deepwater development by Shell in the Gulf of Mexico. Once installed, it will equip the vessel to be the deepest production facility in the world, as well as the deepest FPSO with a buoy that can disconnect (Buoyant Turret Mooring).

The FPSO design has a processing capacity of 60,000 barrels of oil per day (bopd) and 15 mmscfd of gas treatment and export. The converted FPSO will be able to store 800,000 barrels of crude oil.

Mr Michael Chia, Managing Director (Marine & Technology), Keppel Offshore & Marine (Keppel O&M), said, “The award of these contracts from our repeat customers affirms their confidence in us. These contracts from experienced FPSO fleet owners and operators SBM Offshore and M3nergy bear testament to our commitment to quality conversion and upgrading services.Over the years, Keppel Shipyard has worked closely with customers worldwide to bring to the market a range of offshore production solutions. We will continue to ensure the success of our latest FPSO projects to value-add to the global offshore production market.”

Including this FPSO Project, Keppel Shipyard has already undertaken 20 major projects for SBM Offshore since 2000.

Keppel Shipyard’s second contract is to convert an FPSO to operate in the Bukit Tua Field for M3nergy Offshore.