Singapore benefits from global FPSO vessel demand

Offshore staff

NEW YORK – Orders for FPO and FPSO conversions have work booming in Singapore concludes GBI Research. The report finds about 70% of the global FPSO construction work is being done in Singapore in addition to the regular ship repair work usually in progress.

Keppel shipyard has three conversion contracts worth $82 million, one each from Petro Vietnam Technical Services (PTSC) Asia-Pacific Pte Limited, Perenco Group, and BC Petroleum.

PTSC has contracted the shipyard to convert a tanker into a FPSO, to be deployed in the Thang Long and Dong Do oil fields in the Cuu Long basin offshore of Vietnam, with a scheduled completion date of late 2013.

The contract with Perenco involves the conversion of a tanker into an FSO unit to be deployed in the Lucina field offshore of Gabon in 2013.

The contract with BC Petroleum involves the conversion of a tanker into an Early Production Vessel (EPV) to be deployed in the Balai Cluster oil fields in offshore Malaysia.

Keppel is already engaged in six FPSO and FSO contracts.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...