floatel superior bayu undan offshore

Floatel Goes for Number Four in Latest $315 Million Newbuild Deal with Keppel Corp

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August 21, 2012

Floatel Superior’s gangway is connected to the Bayu Undan offshore facility, image: Floatel

SINGAPORE–Keppel Corp. Ltd. (BN4.SG) Tuesday said unit Keppel FELS Ltd. has signed a US$315 million contract to build a semi-submersible accommodation platform for Floatel International Ltd.

The Singapore-based unit has already delivered to the Norwegian customer two similar platforms with another due in the fourth quarter of next year, according to a statement to the Singapore Exchange.

Accommodation platforms provide additional quarters for exploration-and-production support personnel needed for hook-up and commissioning during well development, for maintenance and upgrading during production and during decommissioning.

– Gaurav Raghuvanshi, (c) 2012 Dow Jones & Company

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