Keppel secures FPSO, SCV contracts worth $294 million

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SINGAPORE -- Keppel Offshore & Marine Ltd' s wholly-owned subsidiaries Keppel Shipyard Ltd and Keppel Singmarine Pte Ltd have secured contracts worth a total of $294 million (S$368 million). The contract secured by Keppel Shipyard is for the conversion of a FPSO vessel for Armada Kraken Pte Ltd. Meanwhile, Keppel Singmarine has secured a contract from Baku Shipyard LLC to design and carry out fabrication and outfitting works for a Subsea Construction Vessel (SCV) which will be deployed for the Stage 2 development of the Shah Deniz field.


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