Keppel
FELS gets Shah Deniz work from BP Exploration
Posted: 10 June 2003
Keppel FELS Ltd, the offshore arm of Keppel Corporation through
Keppel Offshore & Marine, has been awarded a US$96 million fabrication
project from BP Exploration (Shah Deniz) Ltd, the Operator of the
Shah Deniz Gas Export Project.
This is a fast-track project involving the fabrication of the platform
and living quarters of the TPG500 self-installing jack-up drilling/production/quarters
platform. The TPG 500 system is proprietary to Technip Coflexip,
who are designers for the Project.
Ex-yard delivery is scheduled for July 2004, when the Client’s
transportation contractor will ship the four hull strips of the
TPG500 jack-up to the Caspian Sea for integration with other in-country
fabrication modules.
Mr. Bill Nelson, BP Project Director of the Shah Deniz Gas Export
Project, said, “We are pleased to have Keppel FELS join BP’s
Shah Deniz Gas Export project team. In the short time they have
been on the job, FELS has demonstrated good working relationships
with the other contractors and a strong commitment to a safe and
successful delivery of this new facility.”
Mr Tong Chong Heong, Managing Director/Chief Operating Officer
of Keppel Offshore & Marine said, “We are pleased to secure
this challenging job of fabricating the highly complex TPG500 platform
in the given time frame. Our knowledge of the Caspian has been demonstrated
by the completion of a jack-up rig and the current construction
of a semi-submersible in Baku.”
The TPG500 will be deployed in the Shah Deniz gas-condensate field
in the Caspian Sea, approximately 100 km to the south of Baku, Azerbaijan.
Delivery of First gas to Turkey, the primary sales market for the
Shah Deniz project is targeted for end 3Q 2006.
Keppel FELS is a leader in offshore rigs, the leader in the design
and construction of jack-up drilling rigs, having built the most
number of the world’s jack-ups. It is a member of Keppel O&M,
which has a network of 16 shipyards engaged in offshore, marine
and specialised ship construction businesses.
The contract secured is not expected to have any significant impact
on the net tangible assets and earnings per share of Keppel Corporation
for the financial year ending 31 December 2003.
For more information see www.keppelfels.com.
Posted by Richard Price,
Editor Pipeline Magazine
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