Keppel : completes another FPSO project for MODEC for Brazil

Keppel Offshore & Marine (Keppel O&M) subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has recently completed the integration and completion works on a Floating Production Storage and Offloading (FPSO) unit safely, on time and to the highest quality for MODEC Offshore Production Systems (Singapore) Pte. Ltd., a MODEC, Inc. group company (MODEC).

FPSO Cidade de Caraguatatuba MV27 arrived at BrasFELS from Singapore in the second quarter of 2016 having completed the first phase of integration works at another Keppel O&M subsidiary, Keppel Shipyard Limited, in Singapore. Upon completion of BrasFELS' scope of work, the unit was towed offshore to support Petrobras' operations in the Lapa (formerly Carioca) oilfield of the Santos Basin, Brazil.

Mr Kwok Kai Choong, CEO of Keppel FELS Brasil, said, 'The safe and expedient completion of BrasFELS' scope of work on FPSO Cidade de Caraguatatuba MV27 reflects the good teamwork we have built up with MODEC over several projects. It extends our track record as the most established shipyard in the region having delivered milestone projects for Brazil since 2000. BrasFELS is glad for the continued trust and support of MODEC, and we are committed to sustain our position as the choice shipyard for both our long-standing customer, MODEC, and Brazil.'

FPSO Cidade de Caraguatatuba MV27 is the fourth MODEC FPSO to undergo integration and completion works at BrasFELS since 2012 and all four projects were delivered safely and ahead of schedule.

Mr Sateesh Dev, President & CEO of MODEC Offshore Production Systems (Singapore) said, 'We are glad to complete another high quality FPSO project at BrasFELS. We continuously bring our projects to the Keppel Group because of their strong reliability in meeting our needs and delivering on time and to the highest safety and quality standards. Leveraging our complementary expertise and experiences, our companies have successfully collaborated on a number of major FPSO projects for Brazil over the years. MODEC is committed to support the development and growth of Brazil's significant oil and gas industry, and we are glad to have a good partner in the Keppel Group to help us on this journey.'

FPSO Cidade de Caraguatatuba MV27 has a processing capacity of up to 100,000 barrels of oil per day to go with 177 million standard cubic feet of gas per day and a storage capacity of 1,600,000 barrels of oil.

BrasFELS and MODEC are presently collaborating on a fifth FPSO project, FPSO Cidade de Campos dos Goytacazes MV29. BrasFELS' work scope comprises the fabrication and integration of nine topside production modules. The vessel is expected to arrive at the shipyard by the first quarter of 2017 for integration.

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About Keppel FELS Brasil / BrasFELS

Keppel FELS Brasil is a wholly-owned subsidiary of Keppel Offshore & Marine. Keppel FELS Brasil's BrasFELS shipyard in Angra dos Reis, Rio de Janeiro, has a strong track record of delivering milestone projects for Brazil, and is the most established shipyard in the Latin American region.

BrasFELS' projects span the construction, integration, upgrading and repair of Floating Production Units (FPU), FPSO vessels, drillships, drilling semisubmersible rigs, platform supply vessels and anchor handling tug/supply vessels.

About MODEC

MODEC Offshore Production Systems (Singapore) Pte. Ltd. is a subsidiary of MODEC, Inc.

MODEC is a general contractor specialising in engineering, procurement, construction and installation of floating production systems including FPSO vessels, FSO vessels, Tension Leg Platforms (TLPs), Production Semi-Submersibles, Floating LNG vessels, 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.