Keppel FELS puts Floatec revamp in perspective

Singapore

KEPPEL FELS has downplayed market talk over the possible dissolution of Floatec, a standing floating production joint venture with Houston-based McDermott.

In a statement issued to The Business Times, a Keppel FELS spokesman maintained: "Ongoing project support and pursuits will be supported by both parents (Keppel Fels and McDermott) in line with our previous commitments and we continue to engage actively on these opportunities."