News
Keppel O&M picks up US$20.7 million in contracts
Keppel O&M CEO Tong Chong Heong said, "Keppel O&M's network of yards in the key markets, coupled with their strong execution capabilities and quick turnaround, continue to advance the Group as the choice partner for the repair, upgrading and completion of rigs anywhere in the world. "
"We are pleased that our customers Diamond Offshore, China Oilfield Services Limited and Noble Drilling affirm this by returning to our global yards for their needs. With our closely-integrated yards backed by resources from headquarters in Singapore, we will continue to deliver projects to our customers' satisfaction."
In the Netherlands, Keppel Verolme clinched a contract with China Oilfield Services Ltd. (COSL) for the repair and upgrade of a semi accommodation unit COSLRival, formerly known as Port Reval.
The unit arrived in May 2009 and has been docked in the 500,000 dwt mammoth dry-dock for general class renewal surveys, inspections, overhauls and repairs. The work scope includes the upgrading of electrical switchboards, piping systems and then overhauling of marine equipment as well as deck crane reinforcement.
COSLRival is the third accommodation support unit for Norwegian waters to arrive in Keppel Verolme for a major overhaul and upgrade.
In Brazil, Keppel FELS Brasil received contracts for the repair and upgrading of two semisubmersible, Noble Drilling semi Noble Paul Wolff and Diamond Offshore semi Ocean Yatzy.
The upgrading of Noble Paul Wolff includes the renewal of piping systems, anodes in tanks and steel work. Leased by Petrobras from Noble Drilling, the rig will return to work in offshore Brazil after repairs in the BrasFELS yard. Noble Paul Wolff is the second Noble vessel in the BrasFELS yard after the arrival of Noble Dave Beard in May 2009 for mechanical completion.
Ocean Yatzy will have structural repairs carried out on a lifeboat platform, stability column and helideck as well as several piping and steel deck renewal works.
The contracts are not expected to have material impact on the net tangible assets or earnings per share of Keppel Corporation for the financial year ending Dec. 31, 2009.
Source: Energy Current
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