Keppel Shipyard wins $705mm contract

Jan 04, 2015 12:00 AM

Keppel Shipyard, a wholly-owned subsidiary of Keppel O&M, has been awarded a $705mn contract by Golar Gimi, for the conversion of an LNG carrier into a Floating Liquefaction Vessel (FLNGV).

The contract, which has already come into effect, is the second deal with Golar LNG in the last six months.

The award is part of an earlier firm contract awarded by Golar, a subsidiary of London based LNG company Golar LNG, for the conversion of another Moss LNG carrier, the HILLI, into an FLNGV.

The company said its work scope in converting the GIMI is similar to that for the HILLI.

Keppel Shipyard will provide the design, detailed engineering and procurement of the marine systems and all of the conversion-related construction services for the HILLI carrier.

Keppel Shipyard’s partners, Black & Veatch, will be responsible for the procurement and commissioning support services using its PRICO technology.

Construction activities of the GIMI will start no later than November 2015, the company said. In the meantime, gas turbines and cold boxes will be placed.

The Golar Gimi FLNGV is expected to be delivered around 33 months after its construction begins.

Mr Michael Chia, managing director, Marine & Technology, Keppel O&M, said, "We are happy that Golar LNG is proceeding with their second FLNGV conversion, and would like to thank them for once again entrusting Keppel Shipyard as their lead contractor of choice.

“We, together with Golar LNG and our partner Black & Veatch, are confident that FLNGV conversion solutions are indeed the answer to a need to bring small and mid-scale Liquefied Natural Gas (LNG) supplies to market in a more timely and cost-efficient manner."

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