Keppel secures FPSO contracts worth SD 73M from MODEC

Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries in Singapore and Brazil secured two contracts worth a combined value of about SD 73M from MODEC Offshore Production Systems (Singapore) Pte Ltd (MODEC). 
In Singapore, Keppel Shipyard has been engaged to fabricate, complete, and integrate the topside modules and mooring support structure for a Floating Production Storage and Offloading vessel (FPSO).
Components for the modules and mooring support structure are scheduled to arrive in 3Q 2020 for completion as well as integration and installation with the FPSO hull, which is expected in the yard in 4Q 2020.
In Brazil, Keppel O&M’s BrasFELS shipyard has been awarded a topside module fabrication contract for an FPSO for the Buzios field in the Santos Basin, off the coast of Rio de Janeiro, Brazil.
Work on the FPSO, to be named FPSO Almirante Barroso MV32, is expected to commence in 3Q 2020 at the BrasFELS shipyard in Angra dos Reis, with delivery scheduled for 4Q 2021.
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