REPEAT customers have boosted the books of Singapore’s Keppel Corporation with contracts signed for vessel conversions and new rigs during the period.
The company secured a fifth order for a Keppel FELS B class jackup rig worth US$227 million from Qatar’s Gulf Drilling International (GDI) in September, with options for two more KFELS B Class rigs for deliveries in 2017.
Keppel FELS expects the rig, to be named Halul, will be delivered in the first quarter of 2016, whereupon it will be chartered to Qatar Petroleum for a five year term.
GDI chief executive Ibrahim J. Al Othman said the company was pleased to be signing a new contract with Keppel FELS, having designed rigs to meet their needs.
“The majority of our rigs are of the newer, high spec variety that have been customised to meet the needs of our clients,” he said.
Another repeat client for the group was Malaysia’s Bumi Armada subsidiary Armada Cabaca, which signed a deal with Keppel Shipyard for the conversion of a floating production, storage and offloading vessel in October.
The conversion, which includes refurbishment and life extension works, upgrading of living quarters and the installation and integration of an external turret mooring system and topside process modules, is scheduled for completion in the second quarter of 2016.
At the same time, Keppel Nantong will build a submersible barge for Smit Shipping Singapore – a subsidiary of Royal Boskalis Westminster group.
The new barge, Giant 7, will be the third such unit to be delivered by Keppel to Smit, in order to be deployed at the Chevron-run Wheatstone project offshore Western Australia.
The predecessor units, Giant 5 and Giant 6, are still undergoing construction, due for delivery at the end of 2014 and early 2015 respectively – with Giant 7 to be delivered in the second half of 2015.
Keppel valued the Bumi Armada and Smit contracts at S$153 million together.