Monday, July 23, 2012

Keppel Shipyard secures conversion contracts worth $103m

Keppel Shipyard has secured three conversion contracts with an initial combined value of $103 million, said Keppel Corporation.

The contracts are from PTSC Asia Pacific Pte Ltd, Perenco Group and BC Petroleum Sdn Bhd.

The contract from PTSC Asia Pacific, which is a joint venture between PetroVietnam Technical Services Corporation (PTSC) and Yinson Holdings Berhad (Yinson), is to convert a tanker to a Floating Production Storage and Offloading (FPSO) unit.

The second contract is from Perenco to convert a tanker to a Floating Storage and Offloading (FSO) unit.

The third contract is from BC Petroleum for the modification and upgrading of a tanker to an Early Production Vessel, EPV Balai Mutiara.

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