Keppel FELS Brasil wins FPSO project worth over 500m real from MODEC

KEPPEL Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard, has been awarded a floating production storage and offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore) Pte Ltd - a MODEC Inc group (MODEC) company - for a contract value of over 500 million real (S$190 million).

BrasFELS' work scope for this project comprises the fabrication and integration of nine topside production modules for the FPSO Cidade de Campos dos Goytacazes MV29, Keppel said in an announcement after the market closed on Wednesday.

The vessel is expected to arrive at the shipyard by the first quarter of 2017 for the integration phase.

The most established offshore shipyard in the Latin American region, BrasFELS has successfully completed a range of construction, integration, upgrading and repair projects over the years, Keppel said.

When completed, the FPSO Cidade de Campos dos Goytacazes MV29 will have the capacity to process 150,000 barrels of oil per day and five million cubic metres of gas per day. The unit's storage capacity is 1.6 million barrels of oil.