Keppel wins ₱5.4 Billion 2 Services Contracts in the Philippines, the Netherlands

Keppel Offshore and Marine said Tuesday that its overseas yards in the Philippines and the Netherlands have secured contracts worth $131 million USD (5,405,059,738.00 Billion) in total.

Keppel Subic Shipyard will build a depletion compression platform (DCP) for Shell Philippines Exploration that will recover natural gas from the Malampaya gas field near Palawan Island in the Philippines.

When completed, the DCP will be deployed next to an existing shallow water production platform. The DCP is designed to maintain the current availability and deliverability of natural gas from the Malampaya field through regulating the gas export pressure and flow rates.

Keppel Subic Shipyard will be responsible for the fabrication of the entire DCP, integration of the topside modules as well as the fabrication of the link bridge connecting the DCP to the shallow water platform. The DCP comprises gas compression facilities mounted on a barge deck, supported by four tubular legs on base footings.

The development of the DCP forms Phase 3 of the Malampaya Deep Water Gas-to-Power project, which is jointly undertaken by government agencies in the Philippines and private companies. The Philippine Department of Energy leads in this project, and is supported by a consortium comprising the Malampaya project operator, SPEX, and its joint venture partners, Chevron Malampaya LLC and the Philippine National Oil Company-Exploration Corporation (PNOC-EC).

Separately, Keppel Verolme in the Netherlands will work on the maintenance and repair of a deepwater construction vessel, Balder, for repeat customer Heerema Marine Contractors and deliver Balder in Q1 2013.

The yard's work scope for this project includes the painting of the hull, bracings and cranes. It will also undertake steel renewals, as well as the maintenance and repairs to the tanks, including piping and conservation works.

These two project wins follows closely from Keppel's term sheet agreement inked with Norway's Golar LNG on Nov 5. The agreement – said to be worth $600 million by local media – sees Keppel working on the conversion of up to three liquefied natural gas (LNG) vessels into Floating LNG (FLNG) vessels.

Keppel Offshore & Marine (Keppel O&M) – the offshore and marine division of Keppel Corp. – has to-date won $7.2 billion (SDG 8.8 billion) of new orders this year, taking its book order to $10.7 billion (SDG 13.1 billion), with deliveries stretching up to 2019.

Rigzone 

Share on Google Plus

About Webber

I am among of the writers and administrators of this web site. I always on the heads up when it comes to Sports, Politics, Economy, Business, Physics, Mathematics, Technology, computers and NEWS all over the world that triggers ny eyes and interests. I am working as a volunteer with other 14 administrators, researchers, writers and contributors. We are a strong solid team. Join us and be among of the contributor with your name on each posted article.

    Anonymous or Google Comment
    Facebook Comment

YOU MAY LIKE TO READ

LEARN FOREX TRADING AND GET RICH

Investment Recommendation: Bitcoin Investments

Live trading with Bitcoin through ETORO Trading platform would allow you to grow your $100 to $1,000 Dollars or more in just a day. Just learn how to trade and enjoy the windfall of profits. Take note, Bitcoin is more expensive than Gold now.


Where to buy Bitcoins?

For Philippine customers: You could buy Bitcoin Online at Coins.ph
For outside the Philippines customers  may buy Bitcoins online at Coinbase.com