11 Jun 2011

Keppel on track to deliver its latest FPSO for Bumi Armada

Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver its latest Floating, Production, Storage and Offloading (FPSO) project, Armada TGT 1, to Bumi Armada Berhad (Bumi Armada).

Mr Nelson Yeo, MD of Keppel Shipyard, said, "We would like to thank our valued customer Bumi Armada for entrusting Keppel Shipyard with the conversion of all their FPSOs.

"The success of any complex conversion project depends on the trust and teamwork between a shipyard and its customers. Keppel Shipyard was privileged to have the full support of Bumi Armada in the safe and timely execution of Armada TGT 1, for which we had provided a full range of conversion services, including the fabrication of the topsides and turret."

Armada TGT 1 will be deployed in the Te Giac Trang (TGT or White Rhinoceros) oil field, in Vietnam's Cuu Long Basin, for Hoang Long Joint Operating Company. This FPSO is expected to strike first oil in the third quarter 2011. At full capacity, the unit will be able to produce 55,000 barrels of oil per day and store 620,000 barrels of oil.

Mr Hassan Basma, Executive Director and CEO of Bumi Armada, elaborated on the vessel's specifications, "This FPSO has been specifically designed to process difficult crude with a low wax appearance temperature and to withstand, sustain and remain moored under 100 year return environmental conditions including cyclones and tsunamis prevalent offshore Vietnam; this too in shallow waters of less than 43 metres. The completed topside is more than 12,000 tonnes and incorporates state-of-the-art technologies and a different layout to similar class FPSO resulting in a lighter topside and improved operability and safety considerations."

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About Keppel Shipyard
Keppel Shipyard is a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned company of Keppel Corporation Limited. Keppel O&M is a leader in offshore rig design, repair and construction, shiprepair and conversion and specialised shipbuilding. Its near market, near customer strategy is bolstered by a global network of 20 yards in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner for solutions for the offshore and marine industry.

About Bumi Armada
Bumi Armada Berhad (Bumi Armada) is the largest owner and operator of offshore support vessels in Malaysia and is an established and trusted service partner in the oil and gas industry. The Company has established a strong position in FPSO systems, a growing Transport & Installation business and competency in management of large projects. For more information, please refer to: www.bumiarmada.com

About Hoang Long Joint Operating Company
Hoang Long Joint Operating Company (HLJOC) is a partnership comprising Petrovietnam, Soco International, PTTEP and OPECO.

For further information, please contact:

Media:
Ivana Chua
Senior Manager
Group Corporate Communications Keppel Corporation
Tel: (65) 6413 6436
Email: ivana.chua@kepcorp.com

Investor Relations:
Chua Ying Ying
Assistant General Manager
Group Corporate Communications
Keppel Corporation
Tel: (65) 6413 6295
Email: yingying.chua@kepcorp.com