Keppel O&M units secure $140m in contracts

KEPPEL Offshore and Marine (O&M) Ltd's subsidiaries have secured $140 million in contracts.

Among the deals were the fabricating of a floating production storage and offloading (FPSO) turret mooring system, as well as three ice-class offshore services vessels for its clients, including Bumi Armada Offshore and SOFEC.

The contracts bring Keppel O&M's year-to-date order book past $1.78 billion in the first quarter of 2014, putting the group on track to achieve analysts' mean estimates of between $5 billion and $6 billion in new orders secured within this year. Last year, the company secured $7 billion in new contracts, and ended the year with $14.2 billion in its net orderbook.