Shares & Derivatives
Keppel’s offshore and marine unit secures projects worth $120 mil
By The Fifth Person  •  July 8, 2016
Keppel Offshore & Marine’s wholly owned subsidiary Keppel Shipyard has secured four contracts worth a total of about $120 million from repeat customers, says Keppel Corp in a aftermarket filing on Thursday. The first contract secured is from BW Catcher, a wholly-owned subsidiary of BW Offshore, for the installation and integration of topside modules for a newbuild Floating Production Storage and Offloading (FPSO) vessel. Upon its completion, the FPSO will be deployed to the Catcher Field located in Central North Sea, UK, which is operated by Premier Oil. The second contract is from SOFEC, Inc. to fabricate an internal turret mooring system for a Floating Storage and Offloading vessel that will operate in Maersk Oil’s Culzean Field in UK’s section of the North Sea. Fabrication of the turret is expected to be completed in 3Q 2017. For the third contract, Keppel Shipyard will carry out upgrading work to the pipelay ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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