Keppel wins FPSO conversion contract from SBM Offshore

sbm offshore fpso conversion SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) said Thursday its unit has secured two contracts worth a total of S$146 million.

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