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August Issue AUGUST 2010 eppel www.kepcorp.com/ekeppelite Keppel Group Newsletter Keppelite Pitched for excellence 6 Reaching for the sky 14 Networking for young leaders 27 MarchingMarching toto thethe nation'snation's heartbeatheartbeat MICA(P) NO. 169/01/2010 Keppelite I August 2010 6 22 14 Contents SUSTAINING GROWTH Breaching new depths in offshore wind sector 4 Par excellence 26 Pitched for excellence 6 EMPOWERING LIVES Networking for young leaders 27 Strengthening business network 8 Roaring mane event 28 Firm foundations 10 New lease of life for 27-year-old rig 11 One heart with the nation 30 Making cities sustainable and liveable 12 Decades of dedication 32 A tale of two companies Further progress in Tianjin Eco-City 13 Reaching for the sky 14 Fresh sights for new Keppelites 33 Meeting of minds 16 Highlights from the Clipper Race 34 Keppel ups stake in Subic Shipyard 17 The sporting life 37 Sharing for success Keppelites Abroad Nestled in Nantong 38 Reaping awards for vigilance 18 High spirits in Hong Kong 39 Taking stock of safety 19 Bagging book prizes Honouring outstanding service 20 Jakarta Garden City boosts academic offerings United we stand 40 The SAFRA-Keppel Quadthlon challenge! Green honours 21 NURTURING COMMUNITIES SPECIAL FOCUS Building a formidable fleet 22 Arts Kakis 41 Above the call of duty 24 Keppel Volunteers Heavenly time in Paradise 43 Lauded for best HR practices BACK PAGE Stepping up security 25 Keppel Shipyard secures contract to modify 44 Flaming glory FPSO OSX-1 Cover image: The Keppel Contingent marching smartly into the Padang where they celebrated 45 years of nation-building with a 25,000-strong crowd. eppel Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower, Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456. Editorial Advisor Wang Look Fung Editor Say Huan Yuan Editorial Committee Andrea Lee, Ang Lai Lee, Catherine Tan, Chan Suan Sim, Cheryl Tang, Christie Lai, Chua Ying Ying, Diana Chan, Donald Sng, Elizabeth Widjaja, Eva Ho, Frances Teh, Grace Chia, Geraldine Lai, Hoo Yao Lin, Ivana Chua, Leanne Sim, Lee Wan Jun, Lim Kah Ai, Lynette Chong, Lynette Goh, Mak Chui Ling, Mohamed Yusof Mohamed, Raymond Chao, Roy Tan, Serena Toh, Teri Liew, Wong Chai Yueh, Woon Pek Yong, Vett Ramos, Yolanda Guo Ying Keppelite I August 2010 CO REG NO: 196800351N Editorial A league all our own When New Zealand’s All Whites drew 1-1 with Like the New Zealand team, Keppel must draw on defending champion Italy during the group stage collective strengths and outperform competitors, at the World Cup, the world drew a bewildered even competitors who may be stronger and more breath and the international media went wild. experienced. Although the All Whites did not make it through More than financial muscle, we must remind to the finals, they left the field with their heads ourselves that within the Group and across the held high. globe, we have resources, network and rich experience. We can muster and leverage these They were ranked 78 in the world and were playing vantage points that are Keppel’s. in the World Cup for only the second time yet they equalised with Italy and in their final game, drew Keppel’s four decades of scoring achievements with favourite Paraguay. They also finished higher have proven that we, too, have both the strategic than Italy and were the only team that went home leadership and united workforce to continually undefeated. deliver over and above expectations. In a nutshell, New Zealand was consistently We are led by captains of industry who have grown punching above its own weight in every single with the group through years of challenges and game it played. triumps and are bent on passing on their rich knowledge and experience to equip a new The All Whites’ surprising performance can be generation of Keppelites. And we have a people, attributed to two main factors, the first being bold driven by a strong Keppel culture and spirit, who exemplary leadership and the second, a united are focused on our common goal to deliver value team. and achieve excellence. While Captain Ryan Nelsen was defending the In the words of our Keppel Corp CEO, it’s not about New Zealand goal, he had to rely on the strength star players but a stellar team at Keppel who will and unity of his team for the rest of the field, and keep punching above its own weight to stand out they did not disappoint. in a league all its own. When faced with seeming giants, the All Whites rose to the challenge and performed in a league beyond their own. Keppelite I August 2010 4 Sustaining Growth Growth Breaching new depths in the offshore wind energy sector Keppel FELS commercialises its new wind turbine installation vessel design for deeper waters in partnership with leading fleet owner and operator, Seafox Group. Keppel FELS’s new multi-purpose self-elevating platform, KFELS MPSEP, is set to redefine the way in which offshore wind farms are installed and maintained across the world Keppel FELS’s multi-purpose those under construction, wind turbine foundations, of related activities such self-elevating platform the vessel using Keppel FELS’s such as the jacket and tripod as accommodation, well (MPSEP) design has been design can operate in some types, especially in deeper intervention, maintenance, chosen by the Seafox Group 45%-deeper waters, while waters. With a large carrying construction and (Seafox) as the basis for reducing downtime even in capacity of up to 12 turbines decommissioning. a new-generation wind extreme storm conditions, at a time, it enhances the turbine installation vessel thus providing a potentially efficiency of constructing Mr Wong Kok Seng, ED of that can withstand harsh longer operational window. offshore wind farms. Keppel FELS, said, “The offshore environmental offshore wind energy market conditions all year round in The KFELS MPSEP, designed In addition to being well- holds good potential for water depths of 65 metres by Keppel’s research and suited for servicing offshore installation and maintenance (m) in the North Sea. development arm, Offshore wind farms, it also meets vessels that can operate over Technology Development, all the stringent operating long periods in deeper Compared with existing has the distinctive ability over regulations of the offshore oil waters beyond 45 m. wind turbine installation other existing vessels to and gas industry and vessels and the majority of install and maintain heavy can support a wide range “The KFELS MPSEP will offer Keppelite I August 2010 Sustaining Growth 5 significant advantages in venture (JV) company that named SEAFOX 5, will construction expertise and terms of safety, operations, was formed between Keppel address and overcome commitment to on-time and time and cost to operators FELS and Seafox respectively. critical technical and safety within-budget deliveries working in these harsh Seafox has the option of challenges faced in sealed our decision to environments. By acquiring Keppel’s stake in the construction and partner them.” overcoming the typical the JV company. The vessel maintenance of wind farms limitations of the existing is scheduled for delivery in in deeper waters, and carve Combining Keppel’s fleet in the market, this the second half of 2012, and a critical niche for Seafox experience as the world’s advanced vessel will redefine will be managed and and Keppel. foremost rig designer and the way in which offshore operated by Workfox BV, a builder, and Seafox’s wind farms are installed and member of the Seafox “In developing and building deep insights as a leading maintained across the Group. this high-value asset, it is provider of self-elevating world.” imperative for us to accommodation and Mr Keesjan Cordia, MD of collaborate with the most maintenance support units in The US$220 million KFELS Seafox Contractors BV, reliable and experienced the North Sea, the KFELS MPSEP vessel will be built added, “When completed, offshore partner for the job. MPSEP vessel is set to provide and owned by a 75/25 joint this groundbreaking vessel, Keppel FELS’s proven design, a highly versatile and cost- efficient solution for the offshore energy industry. Mr Wong added, “We have Energy potential of offshore wind successfully developed and commercialised many The European Wind thereby requiring more proprietary concepts for the Energy Association has robust solutions. There is North Sea region and other set a target to achieve also an increasing trend challenging frontiers by 40 gigawatts (GW) of towards heavier wind partnering our trendsetting offshore wind in the turbines with larger customers in the early stages European Union by 2020, capacities. of those projects. and 150 GW by 2030. The UK expects to install “This new KFELS MPSEP Offshore winds tend to about 8,000 offshore wind design is an example of how flow at greater speeds turbines in the next decade we have been able to than onshore winds, thus to achieve the Round 3 leverage and apply our allowing turbines to offshore wind energy goal market knowledge and produce more electricity. of delivering 15% of the technology expertise Although a good majority country’s electricity needs innovatively for a variety of of existing offshore wind by 2020. Of these 8,000, offshore applications. farms are located in water it is estimated that some Moreover, in working with depths less than 45 m, 2,700 would be required an experienced fleet owner those coming online are at water depths greater and operating partner such expected to move further than 45 m.
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