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Keppel nets $80m Mondo gig


by Iain Esau

Singapore's Keppel Corporation has clinched a deal to convert a trading tanker into a floating production storage offloading vessel for SBM Offshore.

Conversion of the Capella tanker to the FPSO Mondo – destined for ExxonMobil’s Kizomba C project in Block 15 off Angola - is the eighth floater project that Keppel Shipyard has carried out for SBM since 2000.

The vessel is expected to be completed in third quarter of next year, with the workscope to include installation and integration of topside modules, installation of an external turret and helideck, fabrication and installation of a flare tower and bow modification.

FPSO Mondo is designed to process 100,000 barrels per day of oil, store 1.6 million barrels of oil and will be moored in water depths of between 720 metres and 760 metres.

Meanwhile, Dutch sister company, Keppel Verolme, has confirmed a contract to upgrade Petro-Canada’s Terra Nova FPSO, currently on location off Newfoundland.

The yard will carry out maintenance, inspection and modification activities on both hull and processing kit.

The vessel is expected to arrive at the yard by mid-July and depart by mid-September this year.

Keppel puts the value of the two contracts at about S$127 million ($80 million).


Wednesday, 07 June, 2006, 10:48 GMT  | last updated: Wednesday, 07 June, 2006, 13:57 GMT

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