KEPPEL Offshore & Marine (Keppel O&M) has been awarded work worth around S$200 million for the conversion of a floating storage and regasification unit, and the integration of a floating production storage and offloading vessel, Keppel Corporation said in a statement on Thursday (Nov 25).

For the first project, Keppel Shipyard, a wholly-owned subsidiary of Keppel O&M, has signed a limited notice to proceed with a global provider of LNG (liquefied natural gas) shipping services to start works to convert an LNG carrier into a floating storage and regasification unit.

The scope of the deal includes engineering work starting in Q4 2021. The full notice to proceed for the remainder of the work is expected within Q1 2022, when the project reaches final investment decision.

For the second project, Keppel Shipyard has received a letter of award from BW Offshore, a fully-owned subsidiary of the BW Group, for integration work on a newbuild floating production storage and offloading vessel. The contract is expected to be signed by early 2022.

Keppel Shipyard will be responsible for the integration of about 35,000 tons of topside modules and a turret, with additional options available to build new structures, such as a flare tower.