Thursday, June 01, 2006

Stock News: Keppel Vorp secured 96 mln contract!

Keppel Corp said its unit Keppel Offshore & Marine has secured a contract worth 96 mln sgd from Maersk Contractors for the conversion of a tanker to a floating production storage offloading (FPSO) facility. The tanker, a very large crude carrier called Ellen Maersk, will arrive at Keppel's shipyard in early 2007 and the conversion work is expected to be completed by early 2008. The FPSO, which will be capable of producing 120,000 barrels of oil per day, will be leased to Woodside Energy of Australia, it said.

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