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Keppel Shipyard Ltd has secured three conversion contracts worth a total of S$103 million, the company annoucned on Monday.
The contracts are from PTSC Asia Pacific Pte Ltd, Perenco Group and BC Petroleum Sdn Bhd.
The first contract involves converting a tanker to a Floating Production Storage and Offloading (FPSO) unit for PTSC Asia Pacific. Work will commence in the third quarter of 2012 and is scheduled for completion in the third quarter of 2013.
When delivered, the FPSO will be deployed in the Thang Long and Dong Do oil fields which are located in the Cuu Long Basin, offshore Vietnam. The FPSO will be capable of producing 15,000-20,000 barrels of oil per day (bopd) and has a storage capacity of up to 650,000 barrels of oil.
