Keppel FELS Brasil secures two FPSO topside contracts worth R$500 million:
Key Points
- Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Keppel FELS Brasil, has secured two contracts totalling R$500 million (approx. S$381.4 million) — one from Single Buoy Moorings Inc. (SBM), and another from the joint venture company MODEC and Toyo Offshore Production Systems (MTOPS).
About SBM
SBM Offshore N.V. is a pioneer in the offshore oil and gas industry. Worldwide, it has over 5,000 employees representing 47 nationalities, and is present in 15 countries. Its activities include the engineering, supply, and offshore installation of most types of offshore terminals or related equipment. In addition, SBM Offshore owns and operates its own fleet of Floating (Production) Storage and Offloading units. SBM Offshore has a track record of developing innovative, cost-effective solutions for the ever-changing needs of its Clients. Each company of the group contributes its technical expertise, making SBM Offshore a market leader.
About MODEC
Founded in 1968, MODEC is a general contractor specialising in engineering, procurement, construction, installation and operations of floating production systems including Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Tension Leg Platforms (TLPs), Production Semi-Submersibles, Mobile Offshore Production Units (MOPUs) and other new technologies which will meet the challenges of various types of gas production floaters. MODEC provides Floating Production System operation and maintenance services around the world. MODEC is headquartered in Tokyo, Japan and three main offices are located in Tokyo, Houston and Singapore. MODEC has regional offices in Angola, Australia, Brazil, Belgium, China, Cote d'Ivoire, Ghana, Indonesia, Mexico, Nigeria, Thailand and Vietnam. MODEC, Inc. is traded on the Tokyo stock exchange under the symbol 6269.
About Toyo Engineering Corporation
Since its inception in 1961, TOYO, one of the world’s leading engineering contractors, has actively deployed Engineering, Procurement and Construction (EPC) business, and successfully delivered large and complex projects over the world. TOYO’s business focuses on the segments of Energy, Oil Refining, Petrochemicals & Chemicals, Oil & Gas Development including Topside facilities on FPSO, Infrastructure and other manufacturing facilities. TOYO is headquartered in Chiba, Japan and has major group companies in Korea, China, India, Malaysia, Thailand, Canada and Brazil which forms TOYO’s worldwide network.
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