30 Dec '15, 12am

Keppel Offshore & Marine secures contracts worth S$125 million from repeat customers: Keppel Offshore & Marine Ltd…

Keppel Offshore & Marine Ltd (Keppel O&M)’s local and overseas subsidiaries continue to win strong support from repeat customers by securing four contracts worth a total of about S$125 million. In Singapore, Keppel O&M’s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) secured two conversion contracts – the first is for a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) vessel awarded by Armada Floating Gas Storage Limited, a wholly-owned subsidiary of Bumi Armada Berhad (Bumi Armada); the second is for a Floating Production Storage and Offloading (FPSO) vessel awarded by Yinson Production (West Africa) Pte Ltd (Yinson), a wholly-owned subsidiary of Yinson Holdings Berhad. Work on the LNG FSU conversion for Bumi Armada is scheduled to be completed in 3Q 2016 . Upon completion, the LNG FSU vessel will operate at the Delimara LNG Regasification Terminal i...

Full article: http://thefinance.sg/2015/12/30/keppel-offshore-marine-se...

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