Keppel Shipyard may land $750m Norway deal

Singapore

KEPPEL Corp's wholly owned Keppel Shipyard is in talks with Norway's Golar LNG on a contract - worth an estimated $750 million to possibly more than $1 billion - for a landmark conversion of an LNG carrier into a floating liquified natural gas (FLNG) production facility.

In its 3Q13 results announcement on Wednesday, Golar said that the group had completed a front-end engineering and design (Feed) study with Keppel in August, and the study had confirmed the conversion of an existing LNG carrier into a Floating, Storage and Liquefaction vessel would take 30 months from financial commitment.