As part of the first contract, Keppel Shipyard Ltd. will convert a very large crude carrier into a floating production, storage and offloading, or FPSO, vessel. The contract has been placed by Single Buoy Moorings Inc.
The second contract placed by Rubicon Offshore International Pte. Ltd. involves constructing a module for an FPSO vessel.
-By Chun Han Wong, Dow Jones Newswires