Financial News - 25 MAR 2010: Keppel Offshore & Marine secures $140 million worth of contracts from repeat customers

Keppel Offshore & Marine secures $140 million worth of contracts from repeat customers. See report.

Key Points

• Keppel Offshore & Marine Limited (Keppel O&M) through its subsidiaries, Keppel Shipyard, Keppel FELS and Keppel Verolme, has secured $140 million worth of contracts for the conversion of a Floating Production Storage and Offloading facility (FPSO) and repair and modification of two semisubmersibles (semi).
• Keppel Shipyard will undertake the upgrading and conversion of a Suezmax tanker into an FPSO for repeat customer Bumi Armada Berhad (Bumi Armada).
• Keppel FELS and Keppel Verolme have each secured the repair and modification of a drilling semi from Stena Drilling.

Author's Note
This is the third day in a row that Keppel Corp has announced the award of contracts.