OFFSHOREMARINE A newsletter of Keppel Offshore & Marine

1Q Issue 2017 MCI (P) 112/05/2017

STRENGTHENING PARTNERSHIPS FOR FUTURE GROWTH CONTENTS

Resilient amidst headwinds 3-6 Leadership renewal 7 Strong execution in Brazil 8 Keppel Shipyard to deliver twelfth FPSO 9 to BW Offshore Novation of Transocean rigs to Borr Drilling 10 Optimism at Sea Asia 12 Growing as OneKeppel 18-19 Steady progress 20 Centrespread 18 Conserving our biodiversity 28-29 First delivery for 2017 32

CENTRESPREAD Interview with Acting CEO 16-17

TECHNOLOGY & INNOVATION Solutions to meet growing demand 14-15 for LNG as fuel With gas as an important market for the future, Keppel O&M is gearing up to be an industry leader offering an extensive gas strategy that spans the gas value chain, including the conversion of an existing Moss LNG Carrier, the Hilli, into a Floating Liquefaction Vessel

EDITORIAL BOARD EDITORIAL ADVISOR Chris Ong

EDITOR Ang Ting Yang

ASSISTANT EDITOR Jayne Yeo

COMMITTEE MEMBERS Michael Chia, Chor How Jat, Abu Bakar Mohd Nor, Dr Foo Kok Seng, Aziz Merchant, Hoo Yao Lin, Hayley Teo, Priscilla Chong, Alan I. Claveria, Gabriela Soares, Lucienne de Jong, Li Gang, Lee Wan Jun, Linda Mercado, Roy Tan, Brian Lee

OffshoreMarine is a quarterly publication of Keppel Offshore & Marine Ltd 50 Gul Road, Singapore 629351 Tel: +65 6863 7200 Fax: +65 6261 7719 / 6265 1927

Company registration no. 199900642R

Keppel Offshore & Marine is a subsidiary of Keppel Corporation

2 OffshoreMarine 1Q Issue 2017 Resilient amidst headwinds Keppel Offshore & Marine (Keppel O&M) continues to stay resilient amidst the challenges facing the industry. Mr Loh Chin Hua, Chairman of Keppel O&M and CEO of Keppel Corporation, discussed the Group’s strategic developments and performance at the Company’s 1Q 2017 results conference and webcast on 20 April 2017. OffshoreMarine reproduces highlights of his speech.

TAPPING GROWTH IN the oversupply of rigs and support Rapid urbanisation, especially in SUSTAINABLE URBANISATION vessels. It will take some time Asia, is creating strong demand As we had cautioned at the FY before the industry fully recovers. for energy, infrastructure, clean 2016 results announcement in environments, high quality homes, January, despite the increased Notwithstanding the headwinds, offices and retail developments, optimism in the market following the Keppel Group has remained as well as connectivity – needs for the rebound in oil prices, the resilient, underpinned by our which the Keppel Group has been offshore business continues to face multi-business strategy, with providing a range of solutions. very challenging conditions. This different engines kicking in to is due to, among other factors, steady the Group. Continues on page 4...

Keppel FELS signed a Heads of Agreement with Borr Drilling for the novation of Transocean’s five newbuild jackup contracts to Borr Drilling

OffshoreMarine 1Q Issue 2017 3 Continued from page 3.

While some of the industries that To keep our O&M Division lean into a term sheet agreement our businesses operate in may and fighting fit, our rightsizing to divest Keppel Verolme, our have their own cycles, sustainable efforts have continued. We shipyard in the Netherlands, to urbanisation will provide the announced in January that we Damen Shiprepair & Keppel Group with many years of had mothballed two overseas Conversion B.V. secular growth. yards and were in the process of closing three supporting yards in We will continue to seize BUSINESS UPDATES Singapore. opportunities in Europe and the Amidst the continuing downturn, North Sea through our network Keppel O&M managed to break We have ceased operations at of yards in Singapore and around even. The fall in net profit was our yard at Shipyard Road and the world. due to the significantly lower returned it to JTC Corporation volume of work. The Division, with at the end of March. The closure In the first quarter, Keppel O&M contributions from associates, of the other two yards will be further reduced its global direct continued to make a profit. announced later in the year. workforce by about 1,250 or 6% This shows the importance of compared to the previous quarter, the rightsizing efforts that To further optimise operations and through natural attrition, early Keppel O&M has embarked on rationalise our global network of termination of contracts and since early 2015. yards, Keppel O&M has entered retrenchments. Since the start of

Keppel Shipyard is on track to deliver Golar Hilli, the first-of-its-kind floating liquefaction conversion in the market, in mid-2017

4 OffshoreMarine 1Q Issue 2017 Other projects we are on track vessel to Yinson Production new agreement, Borr Drilling will to deliver shortly include the which is on charter to ENI Ghana take over the contracts, make a installation and integration of Exploration & Production. down payment of US$275 million topside modules for a newbuild and undertake the remaining Catcher FPSO from BW Offshore In Brazil, our BrasFELS yard has payment instalments to Keppel and a newbuild semisubmersible marked the sailaway of the FELS. The delivery of the first three for the State Oil Company of first of two Replicante projects, rigs has been brought forward to the Azerbaijan Republic. In mid- FPSO P-66, for delivery to Tupi 2017 and 2018, while the remaining 2017, we are also scheduled to BV, a consortium represented two rigs will be delivered in 2020. deliver Golar Hilli, the first-of-its- by Petrobras. Our workscope kind floating liquefaction vessel for the projects included the The deal, beyond improving conversion in the market. fabrication, integration, testing Keppel O&M’s cashflow, is a Mr Loh Chin Hua, and commissioning of topside testament to the strong demand Chairman of Keppel O&M and modules. Meanwhile, work on the for Keppel’s proprietary rigs, even CEO of Keppel Corporation second Replicante, FPSO P-69, is in the present market conditions. progressing smoothly. SEIZING OPPORTUNITIES IN NEW 2015, we have reduced our global Other projects we are on track MARKETS direct workforce by close to 18,000 to deliver shortly include the Keppel O&M is pushing into new or about 49%. Following the installation and integration of markets and revenue sources. Gas latest reductions, the headcount topside modules for a newbuild will be an important market of the in Keppel O&M is approaching a Catcher FPSO from BW Offshore future, and we are priming Keppel steady state that is appropriate for and a newbuild semisubmersible O&M to be an industry leader with the level of work in our yards. for the State Oil Company of an extensive gas strategy that the Azerbaijan Republic. In mid- spans the value chain. Nevertheless, we will actively 2017, we are also scheduled to monitor market conditions as well deliver Golar Hilli, the first-of-its- We are actively pursuing as explore ways to achieve further kind floating liquefaction vessel opportunities in small-scale cost savings and ensure that conversion in the market. liquefied natural gas vessels with Keppel O&M remains profitable our customers and partners. We despite the reduced topline. Amidst the challenges facing the see many opportunities in this industry, we continue to work space, especially where Keppel- KEY DEVELOPMENTS closely with our customers to built carriers and regasification Keppel O&M’s net orderbook as seek win-win outcomes. We have units can be deployed alongside at end-March 2017 stood at reached an agreement with Fecon small gas-fired power units. $3.5 billion, excluding the projects International Corp on the further for Sete. Our yards continue to deferment of its three KFELS B We are also re-purposing execute the projects on our books Class jackups, originally slated for our offshore technology for safely, on time and on budget, delivery this year, to 2H 2019. applications in other areas and with the quality that our including floating infrastructure customers have come to expect Keppel FELS has also entered assets. from Keppel. into a Heads of Agreement with Borr Drilling for the contracts of Early this year, Keppel Shipyard Transocean’s five jackup rigs to be delivered a Floating Production novated to Borr Drilling. Under the Continues on page 6... Storage and Offloading (FPSO)

OffshoreMarine 1Q Issue 2017 5 Continued from page 5.

IN CONVERSATION efforts since 2015 and in 1Q 2017? CO: For the order inflow in OffshoreMarine shares highlights Are you expecting further staff 1Q 2017, we have Jan De Nul of the 1Q 2017 results Question reduction in the next quarter? exercising its option for the third & Answer session, where senior LCH: For the first quarter of 2017, dredger. Moving forward, the management addressed issues Keppel O&M reduced its workforce team is working hard to pursue and concerns of the financial by 1,246 or by about 6% from other opportunities in terms of community. the previous quarter. We do liquefied natural gas, specialised not give a breakdown of the vessels, Jones Act vessels and Q: Why did O&M revenue come different nationalities, and I think also repurposing our offshore down so much in 1Q 2017? it is not pertinent as far as our technology for non-drilling LCH: The lower O&M revenue was results are concerned. What is applications. due to lower volume of work. As more important is that we are the volume of work was low, the approaching a steady state. But LCH – Mr Loh Chin Hua, gross operating profit was not of course, we will have to monitor CEO of Keppel Corporation sufficient to entirely cover our this closely to ensure that our CO – Mr Chris Ong, Acting CEO of Keppel Offshore & Marine fixed costs. This also demonstrates workforce is appropriately sized the importance of our rightsizing for the work that we can see efforts, which we have been going forward. executing since 2015. Q: How has your order inflow in Q: How many Singaporeans have the O&M Division been so far this been let go in your rightsizing year?

Keppel Singmarine strengthens its track record in specialised vessels with the execution of dredger contracts from Jan De Nul

6 OffshoreMarine 1Q Issue 2017 Leadership renewal

Council Marine Industries Committee, and U EnTech Steering Committee.

Mr Ong has a Bachelor and Master Degree in Electrical and Electronics Engineering from the National University of Singapore. He is a Chartered Engineer, a Fellow of the Institute of Marine Engineering, Science and Technology, and a member of the American Bureau of Shipping.

In addition, Mr Paul Tan, Group Mr Chris Ong Mr Paul Tan Controller of Keppel Corporation, has been concurrently appointed Mr Chris Ong, MD of Keppel FELS, new role. I am confident that he as CFO of Keppel O&M with effect has been concurrently appointed will provide effective leadership to from 1 April 2017. Acting CEO of Keppel Offshore & Keppel O&M in the next stage of Marine (Keppel O&M) with effect the company’s development.” Mr Tan joined the Keppel Group from 1 April 2017. in 1980 and has held various Mr Ong, 42, joined Keppel FELS management positions within the Mr Ong succeeded Mr Chow Yew in 1999, and has held a range of Group. Since 1988, he has been Yuen, who retired on 31 March key appointments in Keppel FELS, responsible for the Group Accounts 2017 after 36 years of service with including GM (Engineering), Acting for Keppel Corporation. the Keppel Group, during which ED (Operation), ED (Commercial) he had served as, among others, and Deputy MD, before being Mr Tan succeeded Mr Wong President of Keppel AmFELS and appointed MD of Keppel FELS on Ngiam Jih, who retired as CFO of President of Keppel O&M USA. 5 July 2016. Keppel O&M on 31 March 2017 after over 40 years of service with Mr Loh Chin Hua, CEO of Keppel Apart from his role in Keppel the Keppel Group. Corporation and Chairman of FELS, Mr Ong is the Chairman of Keppel O&M, said, “Chris is part Bennett Offshore and Keppel of the talent pool which we have LeTourneau USA, Bintan Offshore been nurturing for leadership Fabricators as well as a director of succession at Keppel O&M. He various subsidiaries or associated has been with the Keppel Group companies of Keppel O&M. for 17 years, and has contributed significantly to building Keppel Mr Ong is also a board member FELS into the global leader in the of the Institute of Technical offshore business that it is today. Education Board of Governors, and a member of the Association “On behalf of the Board of of Singapore Marine Industries, Keppel O&M, I welcome Chris in his Workplace Safety & Health

OffshoreMarine 1Q Issue 2017 7 Strong execution in Brazil

to their highest satisfaction. It will add to Keppel’s track record of delivering more than 30 safe and successful major projects for Brazil. Work on the second Replicante FPSO, P-69, is progressing well and we look forward to continuing to work with Petrobras as their choice shipyard in tapping Brazil’s vast oil and gas resources.”

FPSO P-66 has a production capacity of 150,000 barrels of oil per day and six million m3 of gas per day. It also has a storage capacity of 1.6 million barrels of oil.

BrasFELS has built up extensive capabilities and experience in FPSO projects over the years. P-66, the first of the Replicante series of FPSO units, left BrasFELS for deployment in the Lula Sul field, Santos Basin, Brazil Including FPSO P-66, the shipyard has completed seven FPSO projects since 2010. Focusing on execution excellence, Petróleo Brasileiro S.A. (Petrobras), BrasFELS has delivered a number BG E&P Brasil (a subsidiary of SIEM HELIX I of milestone projects for Brazil’s Royal Dutch Shell plc), and Siem Helix I arrived at BrasFELS on offshore oil and gas industry. Petrogal Brasil. 26 December 2016 for upgrading In the first quarter of 2017, the works. The well-intervention vessel shipyard added to its strong track BrasFELS was engaged for two is the shipyard’s first project for record with the departure of the Replicante projects, P-66 and Helix Energy Solutions. Floating Production Storage and P-69. The shipyard’s work scope Offloading (FPSO) vessel P-66 from for the projects includes the The work scope comprises the its facilities, as well as the delivery fabrication, integration, testing engineering, fabrication and of the well-intervention vessel and commissioning of topside installation of a bulk transfer Siem Helix I. modules. The Replicante FPSOs are system as well as a new mezzanine a series of FPSOs of similar design deck. In addition, the shipyard FPSO P-66 and specifications ordered by undertook the zone reclassification On 4 February 2017, P-66, the first Petrobras for the Santos Basin of the mud pit room. of the Replicante series of FPSO pre-salt region. units, left BrasFELS to be deployed Siem Helix I departed from in the Lula Sul field in Santos Basin, Mr Kwok Kai Choong, CEO and BrasFELS on 8 March 2017. It is Brazil. President of Keppel FELS Brasil, slated for operations in Santos said, “We are proud to partner Basin, located within Brazil’s FPSO P-66 is BrasFELS’ project for Petrobras on the Replicante pre-salt region. Tupi BV, a consortium comprising projects and deliver the FPSO P-66

8 OffshoreMarine 1Q Issue 2017 Keppel Shipyard to deliver twelfth FPSO to BW Offshore

Keppel Shipyard is on track to SMS Teo said, “My congratulations Premier Oil and will be deployed deliver a Floating Production to the management and staff to the Catcher Field located in Storage and Offloading (FPSO) of Keppel and BW Offshore for Central North Sea, UK. Keppel vessel to BW Catcher Limited, your successful collaboration on Shipyard’s work scope on the a wholly-owned subsidiary of the BW Catcher! This project is FPSO include the installation and BW Offshore. testament to the capabilities of integration of topside modules. Singapore’s offshore and marine BW Catcher is scheduled for On 28 April 2017, Mrs Josephine sector. I hope there will be many sailaway from the shipyard in the Teo, Singapore’s Senior Minister more collaborations that boost the next few months and is on track of State, Prime Minister’s Office, strength of Maritime Singapore.” to achieve its first oil in 2017. Ministry of Foreign Affairs & Ministry of Transport, graced the Upon its completion, BW Catcher Mr Chris Ong, Acting CEO naming ceremony of BW Catcher, will be on a 7-year fixed term and of Keppel O&M, said, “The at Keppel Shipyard. 18 years of options contract with successful fast-track delivery of BW Catcher is an example of strong team work, project management and experience. I am glad that we were able to meet our customer’s needs. Our reliability and expertise in executing FPSO projects allows us to continue to win the trust and confidence of our customers.”

Mr Carl Arnet, CEO of BW Offshore added, “Having worked together on eleven other projects previously, Keppel has proven to be a reliable partner. I would like to thank the project teams from BW Offshore and Keppel for the excellent work on this project. We are looking forward to the final completion to our expectations. We are confident that the FPSO will perform well in the Catcher Field and bolster the oil output in the North Sea.”

Keppel Shipyard is on track to deliver its twelfth FPSO, BW Catcher, to BW Offshore. Upon its completion, BW Catcher will be deployed to the Catcher Field located in Central North Sea, UK

OffshoreMarine 1Q Issue 2017 9 Novation of Transocean rigs to Borr Drilling

Keppel FELS, a wholly-owned In 2013, Transocean had ordered 2020. The first three rigs will now subsidiary of Keppel Offshore & five KFELS Super B Class jackup rigs be delivered between 2017 and Marine (Keppel O&M), has entered from Keppel FELS for US$1.1 billion 2018, while the remaining two rigs into a Heads of Agreement with and made a 20% down payment. will be delivered in 2020. This will Borr Drilling Limited of Bermuda Under the new agreement, Borr enable Keppel to improve cash (Borr Drilling), with the approval Drilling will take over the contracts flow and minimise risks of the of Transocean, whereby the and undertake the remaining projects. construction contracts for the five payment instalments to Keppel jackup rigs currently being built by FELS. The price for each rig is The deal is a testament to the Keppel FELS for Transocean will be US$216 million, compared to the reliability of and strong demand novated to Borr Drilling. original price of US$219 million. for Keppel’s proprietary KFELS Borr Drilling will also make a down Super B Class rigs, even in the The transaction is subject to all payment of US$275 million. present challenging market three parties executing definitive conditions. agreements and satisfying formal The delivery dates of the five closing conditions. The completion rigs were originally scheduled The KFELS Super B Class rigs are of transaction is expected to take between 2016 and 2017, but had designed to operate in 400 ft place before end-May 2017. been deferred by Transocean to water depth and drill to 35,000 ft.

Divestment of Keppel Verolme

Keppel Offshore & Marine network of yards in Singapore The targeted timeline to close (Keppel O&M) has entered into and globally. the transaction is by the end of a term sheet agreement with 2Q 2017. Damen Shipyards Group (Damen) Keppel Verolme is situated in for the sale of its shipyard, Rotterdam, the Netherlands, and Keppel Verolme. has about 250 employees. Damen intends to continue activities in The proposed sale comes after a the shipyard with the current strategic review by Keppel O&M employees of the yard. and is part of the company’s efforts to optimise its operations A notification of the proposed and rationalise its global network transaction has been filed with the of yards. Dutch Authority for Consumers & Markets on 10 April 2017. The Keppel O&M continues to see parties will work towards finalising opportunities in the offshore definitive agreements, and the oil and gas market in Europe and completion of the transaction will the North Sea, and will service be subject to closing conditions and Keppel O&M has entered into a term sheet agreement to divest Keppel Verolme in the these markets through its the receipt of relevant approvals. Netherlands

10 OffshoreMarine 1Q Issue 2017 Clockwork operations

Living up to its reputation as a Group was held at Keppel Nantong commissioned the Group for specialised shipbuilder, Keppel Shipyard. newbuild dredger projects and Singmarine achieved steady ship repairs. progress for multiple projects in Built to Jan De Nul’s design the first quarter of 2017. requirements, the TSHDs will be KEEL LAYING FOR able to dredge to a maximum DUAL-FUEL TUGS STRIKING START depth of 27.6 metres, and have On 12 April 2017, Keppel On 15 March 2017, a strike steel a hopper capacity of 3,500 cubic Singmarine laid the keel for two ceremony for the three Trailing metres. 65-tonne Azimuth Stern Drive Suction Hopper Dredgers (TSHDs) dual-fuel tugs that it is building that Keppel Singmarine is Jan De Nul, a long-standing for Keppel Smit Towage and constructing for the Jan De Nul customer of Keppel O&M, has Maju Maritime. The strike steel ceremonies for the two dual-fuel tugs were held earlier on 1 December 2016 and 21 February 2017 respectively.

Developed by Keppel, the dual- fuel tug design clinched the Outstanding Maritime R&D and Technology Award at the 2015 Singapore International Maritime Awards. In addition to conventional diesel fuel, Keppel’s dual-fuel tugs are able to operate on cleaner liquefied natural gas (LNG), offering increased fuel consumption efficiency and operational flexibility.

Management from Keppel Singmarine, Jan De Nul and Bureau Veritas celebrated the strike steel milestone of the three Trailing Suction Hopper Dredgers at Keppel Nantong Shipyard

Celebrating the strike steel ceremony of the dual-fuel tugs are Mr Abu Bakar (tenth from right), MD, Keppel Singmarine, together with key members of the project team

OffshoreMarine 1Q Issue 2017 11 Optimism at Sea Asia

Minister Khaw Boon Wan (third from right), Minister for Transport and Coordinating Minister for Infrastructure, being briefed by Mr Loh Chin Hua (second from right), Chairman of Keppel O&M and Mr Chris Ong (second from left), Acting CEO of Keppel O&M, on Keppel’s suite of solutions

As part of its efforts to showcase to seizing new opportunities in the with the right strategies in this capabilities and build new industry. downturn, then we’ll not be ready partnerships, Keppel Offshore & to take advantage of the situation Marine (Keppel O&M) participated Maritime industry leaders also when the market turns around.” in Sea Asia 2017, Asia’s biggest agreed that there is still optimism maritime and offshore conference and opportunities in the industry Adding that Keppel sees and exhibition, held at Marina Bay if companies are willing to scale to opportunities in the gas business, Sands, Singapore from 25-27 April the right size, focus on innovative he said, “Gas in the form of LNG 2017. solutions and proactively develop is driving new demand for power competitive advantages. consumers, transportation, small During the opening ceremony, scale LNG, breakbulk LNG and LNG Guest-of-Honour, Mr Khaw Boon Mr Michael Chia, MD (Marine bunkering – we are beginning to Wan, Minister for Transport and Technology) of Keppel O&M, see more and more of these.” and Coordinating Minister for who was one of four speakers Infrastructure, noted that despite at the Offshore Marine Forum Held in conjunction with the uncertainties and challenges in during Sea Asia, shared, “There Singapore Maritime Week, the the maritime industry, Asia will are always opportunities in a sixth edition of Sea Asia also continue to drive global shipping. crisis. This is the time for us to saw Keppel O&M showcasing its build competitiveness to become product offerings and solutions at Urging Singaporean companies a forerunner when there’s an its booth. to ride on Asia’s growth, Minister upswing in the market. If we’re Khaw said that innovation is vital not looking at equipping ourselves

12 OffshoreMarine 1Q Issue 2017 Showcasing LNG solutions

Keppel Offshore & Marine (Keppel Besides showcasing its suite of LNG senior management mingled O&M) joined over 25,000 delegates solutions at the Singapore Pavilion, with customers, partners and and 600 exhibitors at Gastech, the Keppel also conducted workshops associates to explore new business largest gas and Liquefied Natural on topics including its technologies opportunities. Gas (LNG) exhibition in the world, and products along the gas held 4 – 7 April 2017 in Tokyo, value chain. During a cocktail With the huge growth potential Japan. reception hosted by Keppel O&M, of the LNG market, Keppel O&M has been widening its solution offerings beyond its hallmark products. It is well equipped to capture a wide range of opportunities in the gas value chain with its solutions for onshore and offshore liquefaction, LNG transportation solutions, floating storage and regasification facilities, as well as newbuild vessels capable Senior management from Keppel Offshore & Marine mingled with customers, partners and associates of Gastech 2017 held in Tokyo, Japan, to explore new business opportunities in the of running on LNG. Liquefied Natural Gas market

Strategising the way forward

Business unit leaders from across The focus is on retaining solutions across the value chain Keppel Offshore & Marine capabilities, staying profitable, of the growing gas market, and (Keppel O&M) gathered for two and maintaining market leadership developing new services. days on 6 and 7 February 2017 for through innovation. The downturn the company’s biannual strategy also presents opportunities for meeting to report, discuss and business units to make inroads brainstorm on growing the into new markets and repurpose company. offshore technology for other industries. By collaborating and Despite the challenges harnessing synergies of the Keppel Keppel O&M is facing due to Group, more comprehensive and the macro environment, the value-added solutions can be wealth of experience, from senior offered, he added. management to younger leaders, will enable to the company to Over the two days, business emerge stronger. Mr Loh unit heads also reported on the Chin Hua, Chairman of business prospects. These included During Keppel O&M’s strategy meeting, Keppel O&M and CEO of opportunities for shipbuilding business unit leaders discussed how the Keppel Corporation, said this in in the Jones Act market in the company can retain capability, stay profitable and maintain market leadership in the his opening address. United States, providing LNG changing business landscape

OffshoreMarine 1Q Issue 2017 13 TECHNOLOGY & INNOVATION

Solutions to meet growing demand for LNG as fuel At the Singapore Maritime Week held from 24-28 April, Mr Michael Chia, MD (Marine and Technology) of Keppel Offshore & Marine (Keppel O&M) gave an interview on the growth of LNG Bunkering. OffshoreMarine highlights extracts of the interview here.

The liquefied natural gas (LNG) much longer than the world’s oil Keppel O&M’s 65-tonne bollard bunkering market in Asia is reserves, which is only expected to pull LNG dual-fuel Azimuth Stern gearing up for growth in the next last for another 50 years. Drive (ASD) tug is jointly developed two to three years. This is largely by two of its research and due to the implementation of The number of LNG-fuelled and development (R&D) arms, Keppel stricter environmental regulations LNG-ready ships in the industry is Offshore & Marine Technology across the globe to improve the also on the rise – as of December Centre (KOMtech), and Marine emissions performance of shipping 2016, 91 LNG-fuelled ships and Technology Development (MTD). companies. another 70 LNG-ready ships are This design won the Outstanding either in service or on order. The Maritime R&D and Technology In particular, the International existing order book also shows Award at the 2015 Singapore Maritime Organisation’s (IMO) a growing number of deep- International Maritime Awards. 2020 deadline for a fuel sulphur sea vessels including container cap of 0.5 per cent means there is vessels and bulk carriers being While this new technology is growing impetus for the industry built to LNG dual-fuel standards, slightly more expensive compared to resolve the structural and illustrating how the industry is to that of traditional tug boats, the commercial obstacles that have gearing up for a growth in the LNG higher initial capital expenditure been hindering the widespread bunkering market. can be offset by cheaper LNG adoption of LNG as a marine fuel. fuel and reduced maintenance Keppel O&M is uniquely positioned costs due to cleaner engines. LNG provides a future-fit solution to seize opportunities and offer Our dual-fuel tugs also offer that is able to meet the new solutions in both the demand more economical operations regulations because of its better and supply of LNG as fuel. On the with efficient fuel consumption; emissions performance. Its zero supply side, we have formed a optimised deck space that increases sulphur content and relatively low 50-50 joint venture company with the safety and comfort of the crew; levels of nitrogen oxides emitted Shell, called FueLNG, to begin LNG and ease of operations. mean that LNG outperforms bunkering, starting with truck to any other conventional marine ship bunkering. Smart designs were also fuel on a local emissions basis, incorporated to enhance the allowing the industry to be future- On the demand side, we are at the tug’s safety and comfort. For proofed against more demanding forefront in developing vessels that instance, the LNG vent and environmental regulations. can run on LNG. We have received piping are arranged such that orders to build our first two dual- the accommodation quarters in The abundance in natural gas fuel diesel LNG harbour tugs based the lower deck area are situated supply also makes LNG a more on our award-winning proprietary away from the potential danger sustainable alternative fuel – design. The two tugs are expected zone. The LNG fuel is also carried according to some estimates, the to use bunkering services provided in containerised, type-C ISO- reserves for natural gas can last by FueLNG. certified tanks on the main deck,

14 OffshoreMarine 1Q Issue 2017 TECHNOLOGY & INNOVATION

Keppel O&M’s LNG dual fuel tug offers Keppel has designed a range of robust carriers Keppel’s Floating Storage and Regasification increased fuel consumption efficiency and from 3,000m3 to 30,000m3 that can deliver LNG Power Plant (FSRP) integrates the storage operational flexibility, as well as cleaner along shallow water rivers, coastal areas and and regasification units to provide efficient operation inter-islands LNG power generation in a single economic package

Keppel O&M is uniquely positioned (Ro/Ro) and large containerships and inter-islands. Our designs for to seize opportunities and offer and bulk carriers. Our shipyard carrier/bunker vessels range from solutions in both the demand in Qatar carried out the world’s 3,000m3 to 30,000m3 capacity with and supply of LNG as fuel. On the first conversion of a Q-MAX LNG non-propelled or self-propelled supply side, we have formed a carrier from heavy fuel oil to a designs to meet a wide range of 50-50 joint venture company with gas-burning M-Type Electronically LNG transportation needs. Shell, called FueLNG, to begin LNG Controlled–Gas Injection (ME-GI) bunkering, starting with truck to system, enabling the vessel to use In addition to our LNG-fuelled ship bunkering. LNG. tugs which represent solutions in

Mr Michael Chia, engine conversion, our Floating MD (Marine and Technology), To further bolster our efforts Storage Regasification and Keppel O&M in the LNG-related business, we Power barges and vessels provide signed an MOU with Shell to jointly downstream solutions in power explore potential opportunities conversion, and can be installed to cater to the demand for LNG quickly and economically. as a fuel in coastal areas, inland and re-fuelling can be as simple waterways and the international Keppel O&M has accumulated as replacing the empty tanks with marine sectors. The partnership a wealth of experience and replenished ones. will leverage Keppel’s strength capabilities in LNG technology in ship building and design, and ever since its first LNG carrier Apart from newbuild designs, we Shell’s experience as a global repair in 1990. We converted the also perform engine conversion leading energy supplier to work world’s first Floating Storage and retrofitting for old diesel- with potential customers to Regasification Units (FSRU) and are powered vessels or LNG-ready develop technical and commercial currently undertaking the world’s ships. We have the experience solutions for their LNG fuel needs. first floating liquefaction vessel in replacing marine engines and (FLNG) conversion in Golar Hilli. carrying out modification to With our experience as a internal fuel supply systems and specialised shipbuilder, Keppel retrofitting designs for tanks and has designed a range of robust auxiliary systems for a wide variety carriers that can deliver LNG along of vessels such as Roll-on/Roll-off shallow water rivers, coastal areas

OffshoreMarine 1Q Issue 2017 15 CENTRESPREAD

Interview with Acting CEO In the 2016 Keppel Offshore & Marine (Keppel O&M) Annual Report, Mr Chris Ong, Acting CEO of Keppel O&M shared his thoughts on the outlook and way ahead. OffshoreMarine reproduces extracts of the interview here.

WHAT IS THE OUTLOOK FOR KEPPEL OFFSHORE & MARINE IN 2017 AND BEYOND? We anticipate that 2017 will continue to be a challenging year for us. Despite oil production cuts by OPEC and some non OPEC countries, it may take a while for oil companies and fleet operators to significantly increase expenditures in offshore E&P as they focus on capital discipline and improving balance sheets in the current climate. In addition, the market will need time to Mr Chris Ong, Acting CEO of Keppel Offshore & Marine, shares his thoughts on the outlook for absorb the oversupply of existing Keppel in 2017 and beyond rigs before we see new rigs being ordered. Demand for LNG is also expected offshore oil and gas industry needs to increase. Shell’s energy outlook to focus on achieving greater However, we believe that the forecasts that global LNG demand efficiencies in cost control and long term demand for energy and is expected to increase by 4-5% a sustainability to be competitive the fundamentals of the industry year between 2015 and 2030. As with shale. remain strong. The International the reach and applications of small Energy Agency (IEA) projects a scale LNG continue to expand, it For Keppel O&M, we have significant increase in worldwide will increase demand in niche and undertaken restructuring efforts energy demand to 2040 as remote areas. to not only control our overheads developing economies continue to and streamline our operations but grow while global oil reserves are HOW IS THIS DOWN CYCLE also make us stronger and more depleting and would need to be DIFFERENT FROM THE PAST? efficient for the future. replenished. WHAT ARE YOU DOING TO TIDE THROUGH THIS PERIOD AND In the absence of newbuild rig In the meantime, there are pockets PREPARE FOR THE TURNAROUND? orders, we are maximising the of opportunities in the floating gas Keppel O&M has weathered many capacity in our yards with a variety and production markets. According cycles and emerged stronger. One of other projects such as repair, to Energy Maritime Associates’ of the differences in this cycle was modification and upgrading work (EMA) 2017-2021 report, between the growth of US shale oil and as well as the stacking of rigs. 83 and 168 floating production its reduced costs of development Last year, Keppel FELS completed systems are expected to be ordered which contributed to the drastic 18 repair and upgrading projects over the next five years. fall in oil prices. It means that the worth more than $100 million

16 OffshoreMarine 1Q Issue 2017 CENTRESPREAD

while Keppel Shipyard repaired During the downturn, as field opportunities to cater to the over 400 vessels. operators and oil companies cut demand for LNG as a fuel in coastal down on their capital expenditure areas, inland waterways and the Even as we right size, we have including engineering capabilities, international marine sectors. been conscious to retain our core we are able to support them with capabilities and personnel to be our strong design and engineering In the non-oil and gas markets, ready for the upturn. We are able competencies. For instance, we are looking at leveraging our to ramp up capacity when the we are able to provide a more offshore expertise and proprietary market rebounds and our yards integrated solution by stepping up technology to be used in adjacent are being restructured to be more our involvement and partnering and new markets. Keppel efficient through mechanisation our clients during the Front End Singmarine secured orders for three and automation to improve work Engineering Design (FEED) stage trailing suction hopper dredgers, a processes, optimise production and for more complex projects. natural extension of our specialised reduce reliance on manual labour. shipbuilding track record. WHAT ARE YOUR LONG-TERM HAVING JUST TAKEN OVER THE STRATEGIES TO BUILD A MORE Our yard in the U.S., Keppel HELM, WHAT IS YOUR IMMEDIATE ROBUST FUTURE FOR THE AmFELS, is exploring opportunities PRIORITY? COMPANY? to build vessels in the replacement My first priority is to ensure We are exploring new businesses cycle for the aging Jones Act that we continue to execute our that complement our existing fleet. Due to the Jones Act, which projects well and ensure that we ones as well as investing in R&D requires vessels operating in maintain our strong reputation for to diversify and expand our suite the U.S. to be built, owned and safety, quality and timeliness. Our of products and services. This will flagged in the U.S., the current ongoing deal with Borr Drilling is help us to de-risk against the cycles U.S.-built fleet is about 33-years a strong statement to the market in the oil and gas industry. old on average, compared to that there are opportunities in 13-years old for the global fleet. the current market for win-win To meet the world’s growing solutions. It is also a testament to demand for LNG, we have We are also looking at repurposing the strong demand for Keppel’s developed various cost-effective our technologies for other markets proprietary KFELS Super B and innovative solutions across such as offshore power, offshore Class rigs, even in the present the gas value chain, including desalination and offshore wind. challenging market conditions. undertaking the world’s first Offshore desalination and power Our people are also our key assets floating liquefaction vessel (FLNG) plants can meet the need for and we are taking this time to conversion and building two power and water in land scarce upskill, train and develop them dual-fuel tugs to our proprietary and remote areas. Keppel FELS across a variety of functions. design. We have also secured a recently worked with Keppel procurement contract to order Infrastructure to develop a floating We are investing prudently and long lead items (LLI) required for desalination plant that is quicker building new capabilities. With the conversion of a GasLog Ltd LNG and cheaper to implement than Keppel LeTourneau, we have carrier to a floating storage and land-based plants. expanded our suite of jackup rig regastication unit (FSRU). designs as well as our aftersales Through synergies across our and aftermarket services. Our joint Our R&D units have developed business units, we aim to innovate, venture company with Rosneft and innovations such as liquefaction reinvent ourselves and even look MHWirth to set up a design and technology and small-scale for technologies that disrupt our engineering Centre in Russia will LNG carriers. To further bolster own existing business models so enable us to support Russian and our efforts in the LNG-related that we can stay ahead of the other international customers in business, we signed an MOU with competition and deliver the best the region. Shell to jointly explore potential value solutions to our customers.

OffshoreMarine 1Q Issue 2017 17 Growing as OneKeppel At the Global Keppelites Forum 2017, Mr Loh Chin Hua, Chairman of Keppel Offshore & Marine and CEO of Keppel Corporation, called on Keppelites to take heart in the company’s resilience and strong track record, and to heighten collaborative efforts to realise synergies across the Group as it continues its journey towards becoming a global company at the forefront of its chosen industries.

Mr Loh Chin Hua, Chairman of Keppel Offshore & Marine and CEO of Keppel Corporation, reiterated the Group’s commitment to its multi-business strategy

On 9 February 2017, over 2,600 not without our strong points. continuing to collaborate and hunt Keppelites gathered in about 70 Keppel has many well-tested as a pack. “There are many positive locations worldwide for the third strengths like our resilience, examples of collaboration within annual Group-wide townhall, the Can Do! spirit, a history of and between our business units. Global Keppelites Forum. successfully reinventing ourselves, However, this is still a new muscle and a robust balance sheet. we are getting used to,” he said. With his address broadcast live from the Keppel Leadership “Today, we can add on to these “We have to move beyond strong Institute in Singapore, Mr Loh positives: we have a clear vision verticals to collaborating and Chin Hua, CEO of Keppel of who we are, and how our unleashing our synergies. We Corporation, provided insights different businesses are engaged must look at how we can play as on the achievements of the in the common objective of an accomplished orchestra, and Group and its various business providing solutions for sustainable hunt better as a pack and capture units, and reiterated the Group’s urbanisation. With the many new pools of profits. Only then commitment to build on the strong advantages of OneKeppel, we will will the market reward us with the foundations of its multi-business play a pivotal role in shaping earnings multiples we deserve as strategy, which continues to the future.” a top-performing multi-business bolster its performance despite the group.” challenging external environment. STRONGER TOGETHER Emphasising this year’s PREPARING FOR THE FUTURE Mr Loh said, “The challenges we “OneKeppel” theme, Mr Loh Beyond dealing with the face may be daunting, but we are highlighted the importance of immediate challenges and making

18 OffshoreMarine 1Q Issue 2017 progress towards the Group’s He added, “Embrace change, be Vision 2020 target, Mr Loh prepared to innovate, experiment “The Forum was a good highlighted the importance of and take risks. We must be opportunity for employees imagining a FutureKeppel, and nimble and seize opportunities. overseas to gain a better laying the foundations to ensure I am confident that we will, as understanding of the Group’s that the company’s future remains OneKeppel, emerge stronger and strategy. I am confident that bright and exciting. ready for the future.” with our Can Do! spirit, we will continue to look for growth He shared that Keppel continues VALUABLE INSIGHTS opportunities and build a to actively grow the capabilities of During the Global Keppelites better future together.” its worldwide talent pool through Forum question and answer Maala Rodel Dalawampu training and development, and segment, Mr Loh, Mr Chan Hon Commercial Officer called on Keppelites to volunteer Chew, CFO of Keppel Corporation, Keppel Batangas Shipyard and play their part in shaping the and the various business unit CEOs company’s sustained success. fielded queries from Keppelites “My biggest takeaway is the around the world. Over 140 importance of taking personal “We are at the cusp of transitioning questions came fast and furious, responsibility for Keppel’s from a proud and successful courtesy of the live web portal success. At an individual level, Singapore company to a sustainable Pigeonhole, with more than I am motivated to upgrade my global business. OneKeppel, Many 3,550 votes cast for the different skills so I can help the company Careers is not just a tagline. We questions. OffshoreMarine shares overcome challenges and hope to get more Keppelites to some highlights from the be better prepared for the move across departments, business segment, which was moderated future.” units and even the different by Mr Louis Lim, Director of Group Waldir Zanetti markets we operate in. This is your Strategy & Development, Project Manager opportunity to play a part in how Keppel Corporation. BrasFELS the next chapters of Keppel are written,” he said.

Project Autobots Shaping the future through digitisation.

Keppel has embarked on Project enhance controls and improve designs for the new harmonised Autobots, which aims to harmonise ways of working. enterprise platform. and consolidate the Group’s finance, payroll and procurement Since the project kicked-off in Mr Loh Chin Hua, CEO of Keppel functions and set up a finance February 2017, Keppel Enterprise Corporation, said, “A unified Shared Services Centre. The Services, together with Finance Enterprise Resource Planning new harmonised technology and IT teams across the Group, backbone and shared services platform and Shared Services have been working with Accenture platform is important to digitise our Centre, together with the use of in a series of finance process infrastructure, drive efficiency and Robotics Process Automation, will workshops to validate business achieve better controls in preparation reap efficiencies, increase agility, requirements and finalise solution for the future digital economy.”

OffshoreMarine 1Q Issue 2017 19 Steady progress

In January 2017, the hull of the CAN DO drillship was delivered to Keppel FELS upon completion of its construction by Japanese shipyard, IHI Corporation (IHI). With immaculate planning by the project team, heavy lift installations for the topside modules have been executed like clockwork on the drillship at Keppel FELS.

The CAN DO drillship design was With immaculate planning from the project team, heavy lift installations for the topside modules developed in consultation with have been executed like clockwork on the CAN DO drillship customers, major oil companies and vendors. While most modern development and completion Centre and its design partner drillships currently in operation drilling in addition to exploration GustoMSC, the CAN DO drillship were designed and built for drilling. is designed to overcome the exploration drilling, industry constraints of limited deck space feedback has revealed the need Jointly developed by Keppel found in most modern-day for vessels capable of performing Offshore & Marine Technology drillships.

Supercomputing in product designs

On 14 March 2017, Keppel held in conjunction with the Offshore & Marine Technology Supercomputing Frontiers (SCF) Centre (KOMtech) was recognised Conference, aims to elevate by the National Supercomputing supercomputing in Singapore to Centre (NSCC) Singapore for its the next level. commendable efforts in High Performance Computing (HPC). The key stakeholders of NSCC Singapore are the Agency for KOMtech’s project, one of three Science and Technology and recipients of the NSCC Special Research (A*STAR), Nanyang Honourable Mention for Best Technological University, National Integrated Vertical Domain (HPC University of Singapore and in Offshore & Marine), made Singapore University of Technology Mr Aziz Merchant (second from left), ED, KOMtech, together with recipients of the extensive use of NSCC’s HPC and Design. National Supercomputing Centre Special Honourable Mention for Best Integrated resources to optimise the design Vertical Domain (HPC in Offshore & Marine) of rigs and vessels in the product KOMtech was also a recipient development process. of the NSCC Outstanding HPC Industry Application Award. The inaugural NSCC Awards,

20 OffshoreMarine 1Q Issue 2017 Celebrating safety milestones

To achieve a zero-incident 2017 saw Keppel FELS celebrating DYNAMIC VISION BAGS AWARD workplace, Keppel Offshore & milestones in its safety journey as it Dynamic Vision, a KFELS B Class Marine (Keppel O&M) has a robust continues to strengthen its jackup rig for Vision Drilling, a safety framework to ensure that safety culture. subsidiary of the Dynamic Offshore all projects are completed safely Drilling Group (Dynamic Drilling), and efficiently. The first quarter of SAFETY BONUS FOR HAKURYU 15 was conferred the “Best Overall On 20 February 2017, Japan Drilling Safety Performance in Offshore Company (JDC) and BOT Lease Rigs” in the Oil Industry Safety Company awarded Keppel FELS Awards for the years 2014 – 2015. a safety bonus of $10,000 USD to commemorate the excellent safety Congratulating Dynamic Drilling record, without Loss Time Incident, on their win, Mr Chris Ong, Acting on Hakuryu 15, the second KFELS CEO of Keppel O&M and MD of Super B Class jackup rig to join Keppel FELS, said, “This award JDC’s fleet. demonstrates the concerted effort of the rig crew in supporting a All stakeholders, from yard safety-conscious work environment personnel and contractors to as well as their strong commitment classification society surveyors, in maintaining a robust safety worked closely together in order to culture in Dynamic Drilling.”

Keppel FELS was awarded a safety bonus of achieve this remarkable safety feat. $10,000 USD for the excellent safety record Work on Hakuryu 15 is expected to on KFELS Super B Class jackup rig, Hakuryu 15 (pictured, second rig from left) be completed by September 2017.

Illustrating lifesaving rules

Over in Brazil, BrasFELS employees aims to strengthen the safety working on the Cidade de Campos awareness of all stakeholders in dos Goytacazes MV29 project the yard. added a creative touch to the yard with their colourful submissions for a Lifesaving Rules Safety Drawing Competition jointly organised by BrasFELS and MODEC.

Held across the months of February and March 2017, the competition, which saw participants submitting BrasFELS and MODEC employees celebrating the win of 1st prize winner, Willian Fernandes Matias drawings on safe work behaviour, Varela, Electrical Fitter, BrasFELS

OffshoreMarine 1Q Issue 2017 21 Deepening industry relations

As a key player in the industry, Keppel O&M currently collaborates of how businesses and academia Keppel Offshore & Marine (Keppel with ITE to offer the Assistant collaborate to drive the industry O&M) regularly hosts local and Technical Associate and Technical forward. international organisations Associate Schemes, and is the only to exchange knowledge and organisation in Singapore to be This exchange was led by the two discuss opportunities for further accredited to conduct an in-house Co-Programme Leaders of the collaboration. Higher National ITE Certificate Keppel-NUS Corporate Laboratory, (NITEC) in Marine & Offshore Prof Chow Yean Khow and Mr Aziz DIALOGUE WITH ITE Technology. Merchant, ED of KOMtech. On 4 April 2017, senior management from Keppel O&M EXCHANGE WITH JAPANESE The session, which involved a visit and the Institute of Technical AMBASSADOR to the Robotics & Automation Education (ITE) held a dialogue Japanese Ambassador to Workshop, follows the session to explore how the current Singapore, H.E. Kenji Shinoda, Ambassador’s visit to Keppel O&M partnership can be expanded to visited the Keppel-NUS Corporate earlier in November 2016, and attract more talent to the offshore Laboratory on 16 February 2017 further deepens the Singapore- and marine industry. to gain a deeper understanding Japan business partnership.

Senior management from ITE and Keppel O&M engaged in a robust dialogue on topics such as academic curriculum and attracting talent to the offshore and marine industry

22 OffshoreMarine 1Q Issue 2017 VISIT BY DANISH AMBASSADOR Technology) of Keppel O&M and developments in the maritime On 13 March 2017, Keppel O&M Mr Abu Bakar, MD of Keppel transport sector, especially played host to Danish ambassador Singmarine, hosted the delegation on marine technologies and to Singapore, Ms Dorte Bech who sought to get a better hybridization. Vizard, as well as senior understanding of Keppel O&M’s management from Danish ongoing projects and business SHARING INSIGHTS WITH company, Danfoss Group, which is offerings. RUSSIAN DELEGATION active in the field of solar and On 14 March 2017, Keppel O&M wind power. Through a corporate presentation hosted 41 professionals from and dialogue with Keppel’s State Atomic Energy Corporation Keppel’s management, led by management, the delegation ROSATOM, the largest atomic Mr Michael Chia, MD (Marine & exchanged views on market power generating company in Russia and one of the leaders in the global market for nuclear power equipment and technology.

During this exchange, Keppel O&M shared about KOMtech and its various sub departments, as well as challenges faced during research.

The yard visit is part of the newly-launched “Technological Innovations Management” educational programme by SKOLKOVO business school in

H.E. Kenji Shinoda (second from right), Japanese Ambassador to Singapore, explored the Robotics Moscow. & Automation Workshop during his visit to the Keppel-NUS Corporate Laboratory

Mr Michael Chia (fifth from left), MD (Marine & Technology) of Keppel O&M, shared with the Danish delegation insights into the Group’s business

OffshoreMarine 1Q Issue 2017 23 Committed to safety and well-being

At Keppel Offshore & Marine During the Opening Ceremony, 2020 (TWSH 2020) programme, a (Keppel O&M), safety is a core Guest-of-Honour, Mr Heng Chiang 4-year strategic plan which aims value and the highest priority in Gnee, Chairman of the Workplace to bring Keppel O&M closer to all our operations. Recognising Safety and Health (WSH) Council, achieving its goal of an incident- the interdependence between tried his hands on the different free work environment. work environment and the overall exhibits, including a stationary bike safety, health and well-being The newly launched Keppel of our employees, Keppel O&M As part of Keppel’s efforts to Wellness Gallery builds on Keppel regularly enhances its Health, incorporate health and well- O&M’s WSH efforts, which includes Safety and Environment (HSE) being initiatives to strengthen the Safety Training Centre and initiatives and infrastructure. its WSH culture, the gallery also Wellness Support Centre. Since its empowers employees with useful inauguration in 2010, the Keppel On 10 February 2017, Keppel information such as the benefits of Safety Training Centre has trained Shipyard officially opened the a balanced diet and the detriments approximately 50,000 direct and Keppel Wellness Gallery, which of smoking. contract workers through its safety features interactive health exhibits and certification courses. to educate employees on proper During the opening ceremony, nutrition, an active lifestyle and Keppel Shipyard also launched the good mental wellness. Total Workplace Safety and Health

Joined by Mr Chow Yew Yuen (second from left), then-CEO, Keppel Offshore & Marine, Mr Heng Chiang Gnee (third from left), Chairman of WSH Council, tried the interactive exhibit on proper nutrition at the Keppel Wellness Gallery

24 OffshoreMarine 1Q Issue 2017 Insights for the future

At the 31st Chua Chor Teck Memorial Lecture held on 14 February 2017 at Singapore Polytechnic, guest speaker Mr Tong Chong Heong, former CEO of Keppel Offshore & Marine (Keppel O&M), spoke about Keppel O&M’s transformative journey from a small ship repair yard to an industry leader.

Starting his career with Mr Tong Chong Heong (left), former CEO of Keppel Offshore & Marine, answered questions from Keppel and eventually a the floor during the Q&A session, which was moderated by Mr Heng Chiang Gnee (right), ED, Foreman Engineer before rising Singapore Maritime Institute to the rank of CEO, Mr Tong shared his unique insights on the The lecture, organised annually of the pioneers of Singapore’s running of the company, from since 1986 in remembrance of the marine industry, attracted over 450 macro strategies to the nuts and late Mr Chua Chor Teck, former industry professionals, students bolts. MD of Keppel Shipyard and one and retirees.

People excellence

For its exemplary people clinched the Workday Award for Awards held at The Ritz-Carlton development efforts, Keppel Best Talent Management Practices on 24 February 2017. Offshore & Marine (Keppel O&M) (>500 employees) at the HRM The Workday Award for Best Talent Management Practices recognises Keppel O&M’s efforts in a comprehensive range of HR practices, including effective integration processes, training and development, as well as performance appraisal. This year’s HRM Awards saw over 100 organisations participating across 21 different award categories.

In 2016, Keppel O&M invested approximately $12.4 million in the learning and development of

Mr Vincent Campbell (left), AGM (Human Resources) of Keppel O&M and Keppel FELS, receiving its global workforce as part of its the Workday Award for Best Talent Management (>500 employees) at the HRM Awards 2017 Talent Development Framework.

OffshoreMarine 1Q Issue 2017 25 Making a difference

Volunteers across Keppel Offshore shared, “Since its official launch In January 2017, Keppel Subic & Marine’s local and overseas yards in June 2016, Keppel Volunteers Shipyard was awarded a Certificate were out in full force to make a in the Philippines has been of Appreciation from the Philippine positive impact on communities actively supporting community Red Cross’ National Office in around the world in the first programmes to pave the way recognition of its promotion of quarter of the year. forward for the community.” blood donation in the country.

LEARNING AND BONDING On 16 March 2017, 39 volunteers from Keppel Shipyard brought 38 children from Care Corner on a trip to the Science Centre Singapore.

The children were visibly enthralled by the various exhibits and eagerly completed their activity worksheets with the help of the volunteers.

Toh Ting Shu, Assistant Commercial Manager, Keppel Shipyard, remarked, “Seeing how fascinated the children were with the displays evoked childhood memories, making this experience Keppel Volunteers brought festive cheer to the children of Care Corner an especially meaningful and nostalgic one.”

GIFT OF LIFE In conjunction with Valentine’s Day, Keppel Volunteers partnered with the Philippine Red Cross to organise a blood donation drive at Keppel Subic Shipyard and Keppel Batangas Shipyard.

The blood donation drive received overwhelming support from workers at the yards, with a total of 170 bags of blood being donated.

Mr Leong Kok Weng, President Workers from Keppel Subic Shipyard and Keppel Batangas Shipyard participated in a blood of Keppel Philippines Marine, donation drive organised by Keppel Volunteers and the Philippine Red Cross

26 OffshoreMarine 1Q Issue 2017 Celebrating World Health Day

On 7 April 2017, Keppel FELS Separately, BrasFELS also organised Brasil’s BrasFELS shipyard a blood donation drive at Angra’s celebrated World Health Day blood centre on 6 April 2017. with more than 100 members of 10 employees participated in the community in Angra dos Reis the good cause. where the shipyard is located. Health checks and lectures on Mr Marlin Khiew, President of oral health and spine care were BrasFELS, shared, “We care about organiseded to raise awareness on the health and safety of our health-related issues. employees and their families, and are glad to do our part for the BrasFELS’ medical team was also on community.” In celebration of World Health Day, BrasFELS hand to offer checks on height and organised health checks and lectures on health-related issues for members of the local weight, blood pressure, and blood community glucose level for participants.

Empowering the next generation

BrasFELS’ annual Corporate Social Responsibility initiative, the Teach-It-Forward programme, commenced its third edition in March 2017.

EDUCATIONAL VISIT On 14 March 2017, a group of ninth-grade students from the Mauro Sérgio da Cunha Municipal School visited BrasFELS.

Besides going on a guided tour of Mr Luiz Caetano (left, standing), Director (Operations) of BrasFELS, shared stories of his professional life with students from the Mauro Sérgio da Cunha Municipal School the shipyard, the students learned about BrasFELS’ core values, history Mathematics tuition classes for Besides helping the students and operations. a group of 25 students from the with their studies, the volunteers third grade of the Cornelis Verolme encourage them to apply sound On 15 March 2017, Keppel Municipal School. The classes will values in their daily lives. Volunteers from BrasFELS initiated be conducted once every three the first round of Portuguese and months.

OffshoreMarine 1Q Issue 2017 27 Conserving our biodiversity Located within the Singapore Botanic Gardens, the Keppel Discovery Wetlands is the first project in Southeast Asia to recreate a freshwater swamp forest. Officially opened by Prime Minister of Singapore Mr Lee Hsien Loong on 31 March 2017, the venue allows members of the public to experience this unique natural habitat in the heart of the city for the very first time.

Gracing the opening of the Keppel Discovery Wetlands was Prime Minister of Singapore Mr Lee Hsien Loong (sixth from right). Accompanying him were Mr Lawrence Wong (fourth from left), Minister for National Development and Second Minister for Finance; Dr Vivian Balakrishnan (far right), Minister for Foreign Affairs; Ms Sim Ann (second from right), Senior Minister of State, Ministry of Culture, Community and Youth and Ministry of Trade and Industry; Mr Melvin Yong (third from right), Member of Parliament, Tanjong Pagar GRC; as well as Dr Lee Boon Yang (fifth from right), Chairman of Keppel Corporation; Mr Loh Chin Hua (fourth from right), Chairman of Keppel Offshore & Marine and CEO of Keppel Corporation; Mr Chan Hon Chew (second from left), CFO of Keppel Corporation; and Keppel’s senior management

The Keppel Discovery Wetlands conservation core at the Singapore the area’s existing water sources was officially opened by Prime Botanic Gardens called the by creating a linked series of five Minister of Singapore Mr Lee Hsien Learning Forest, which also water bodies that connect to the Loong on 31 March 2017. The includes the SPH Walk of Giants – a Swan Lake. area was established with a $2.08 collection of some of the region’s million commitment from Keppel, tallest tree species, a bamboo The Wetlands includes the which supported the restoration garden, as well as a showcase of Discovery Trail, Botanists’ of a freshwater forest wetland wild fruit trees. Boardwalk, Orchid Gardens ecosystem historically found in the and Pulai Marsh. Playing host vicinity of the Singapore Botanic The restored 1.8-hectare Keppel to a diverse range of wetland Gardens, Singapore’s first UNESCO Discovery Wetlands was designed plants and animals, the Wetlands World Heritage site. with ecological considerations enhances the biodiversity in mind, and includes a carefully found in the area and provides The Keppel Discovery Wetlands curated plant collection of over opportunities for the public to is part of a new 10-hectare 200 species. The Wetlands restores access and experience a freshwater

28 OffshoreMarine 1Q Issue 2017 Visitors can discover the diverse flora at the Keppel Discovery Wetlands

forest wetland habitat right in the grow to love it, and I hope we and Mr Loh Chin Hua, Chairman heart of the city. can all care for and nurture it so of Keppel Offshore & Marine and that future generations will also CEO of Keppel Corporation. Also At the launch of the Learning get the chance to enjoy this green participating in the tree planting Forest, PM Lee shared, “Our gem and form lasting, precious were advisers for Holland-Bukit Botanic Gardens thrives not memories of their own.” Timah GRC and Tanjong Pagar because of the interesting mix of GRC and Dr Teo Ho Pin, Mayor plants, but because within it, there Dr Lee Boon Yang, Chairman of of North West District, as well as is life. It is teeming with activity. Keppel Corporation, commented, corporate partners, students and It is loved and nurtured by the “The Keppel Discovery Wetlands volunteers. A total of 80 trees from community, by all age groups. provides a unique opportunity 20 different species were planted. I would like to thank everyone for Singaporeans to learn about who has worked so hard to create our amazing biodiversity. This Led by Dr Lee, senior management this Learning Forest – corporate initiative resonates with Keppel’s from Keppel Corporation partners such as Keppel and commitment to sustainable accompanied PM Lee on a guided Singapore Press Holdings, the development. We hope that all tour of the Wetlands and were many volunteers who spend time visitors will be inspired to better introduced by NParks officials and planting trees or leading guided understand and appreciate student representatives to its key walks. For them, it is a labour of Singapore’s natural environment.” features and biodiversity. love. To mark the occasion, PM Lee Also present at the event were “Many of the trees in the Learning together with Mr Lawrence Wong, representatives from Keppel Forest are still young. But Minister for National Development Volunteers, who will serve as gradually, year by year, they will and Second Minister for Finance, Green Ambassadors for the grow and mature. In the fullness of and Dr Vivan Balakrishnan, Wetlands. time, they will enrich our natural Minister for Foreign Affairs, heritage. More Singaporeans will planted trees alongside Dr Lee

OffshoreMarine 1Q Issue 2017 29 Marking Earth Hour

Rallying behind the call to combat communities and organisations “Participation in Earth Hour climate change, Keppel Offshore from an unprecedented 187 symbolises our commitment to & Marine demonstrated its countries and territories. protect our planet and reduce commitment to saving the planet wastage,” said Mr Ezra Chiam, by participating in Earth Hour on In addition to switching off President of Keppel Subic Shipyard. 25 March 2017. From 8.30pm to non-essential lights, Keppelites 9.30pm, non-essential lights at took other steps to raise “Individuals and organisations play various Keppel yards in Singapore environmental awareness. an important role in environmental and overseas, were turned off in a conservation. Our actions today symbolic gesture of support. Employees at Keppel Subic will impact the environment for Shipyard demonstrated their future generations,” said Mr Wong Organised by the World Wide commitment by writing pledges Jen Ming, President of Keppel Fund for Nature, the annual to reduce their carbon Batangas Shipyard. event this year united individuals, footprint.

Maritime fun

On 23 April 2017, over 60 shared, “I signed up for this race for the first time, I also got to Keppelites joined 600 teams of together with my wife and we learn more about the history and two to compete in the Amazing had a great time conquering developments of our maritime Maritime Challenge (AMC). From challenges at the different game industry.” navigating a drone at Marina stations. Not only did I fly a drone South Pier to solving a word puzzle along the Singapore River, participants travelled around central Singapore to conquer different challenges relating to the marine industry.

Organised by the Maritime and Port Authority of Singapore, in conjunction with the Singapore Maritime Week, AMC is designed to increase the public’s awareness on Singapore’s maritime industry.

Calvin Sutiono, Commissioning Engineer, Keppel Shipyard, who emerged as the top-prize winner, Over 1,200 participants pit their wits against each other at the Amazing Maritime Challenge 2017

30 OffshoreMarine 1Q Issue 2017 GLOBAL NETWORK

SINGAPORE ASIAN LIFT PTE LTD THE NETHERLANDS KEPPEL OFFSHORE & MARINE LTD 23 Gul Road, Singapore 629356 KEPPEL VEROLME BV (Head Office) Tel: +65 6668 4222 Fax: +65 6668 4333 Prof. Gerbrandyweg 25, 3197 KK Rotterdam-Botlek Harbour no. 4550, P O Box 1001, 3180 AA Rozenburg, 50 Gul Road, Singapore 629351 Email: [email protected] Contact Person: John Chua, General Manager The Netherlands Tel: +65 6863 7200 Fax: +65 6261 7719 Tel: +31 181 234300 Fax: +31 181 234346 www.keppelom.com KEPPEL SMIT TOWAGE PTE LTD www.keppelverolme.nl 23 Gul Road, Singapore 629356 Email: [email protected] KEPPEL FELS LTD Tel: +65 6668 4222 Fax: +65 6897 8056 Contact Person: Harold W.M. Linssen, Managing Director (Pioneer Yard 1 – Head Office) Email: [email protected] 50 Gul Road, Singapore 629351 Contact Persons: Pieter Van Stein, Managing Director THE PHILIPPINES Jerry Wong, General Manager KEPPEL PHILIPPINES MARINE, INC (Pioneer Yard 2) Unit 3-B Country Space 1 Building, 133 Sen. Gil Puyat Avenue, 55 Gul Road, Singapore 629353 AUSTRALIA Salcedo Village, Barangay Bel-Air, 1200 Makati City, Philippines KEPPEL PRINCE ENGINEERING PTY LTD Tel: +63 2 892 1816 Fax: +63 2 815 2581 (Shipyard Road) www.keppelphilippinesmarineinc.com Level 2 Riverside Quays, 1 Southbank Boulevard 31 Shipyard Road, Singapore 628130 Email: [email protected] or [email protected] Southbank, Victoria 3006, Australia Contact Persons: Chor How Jat, Chairman (Crescent Yard) Tel: +613 9982 4589, +614 1999 0788 Fax: +613 9551 0624 Leong Kok Weng, President 60 Shipyard Crescent, Singapore 627735 Email: [email protected] Stefan Tong Wai Mun, Executive Vice President Contact Person: Charles Chiam, Director Tel: +65 6863 7200 Fax: +65 6261 7719 KEPPEL BATANGAS SHIPYARD AZERBAIJAN www.keppelfels.com Keppel Philippines Marine – Special Economic Zone CASPIAN SHIPYARD COMPANY LLC Email: [email protected] Barangay San Miguel, 4201 Bauan, Batangas, Philippines South Bay, KMNF Basin, Baku AZ1023, Azerbaijan Tel: +63 43 727 1532 to 36 Fax: +63 43 980 0450 Contact Persons: Chris Ong Leng Yeow, Managing Director Tel: +994 12 449 9930 Fax: +994 12 449 9931 www.keppelphilippinesmarineinc.com or Keith Teo Tiong Gee, General Manager (Marketing) Email: [email protected] [email protected] Yeong Yew Ming, Senior Business Development Manager Contact Person: Lau Kuat Pin, CEO Email: [email protected] Contact Persons: Wong Jen Ming, President KEPPEL SHIPYARD LTD BAKU SHIPYARD LLC (Tuas Yard – Head Office) Garadagh District, Salyan Highway 25th km KEPPEL SUBIC SHIPYARD, INC Baku AZ 1083, Azerbaijan Subic Shipyard – Special Economic Zone 51 Pioneer Sector 1, Singapore 628437 Tel: +994 12 446 4944, +994 12 446 4945, Cabangaan Point, Barangay Cawag, Tel: +65 6861 4141 Fax: +65 6861 7767 +994 12 446 4946 Fax: +994 12 446 4947 2209 Subic, Zambales, Philippines (Benoi Yard) Email: [email protected] Tel: +63 47 232 2380 or 6347 232 2710 Fax: +63 47 232 3350 15 Benoi Road, Singapore 629888 Contact Persons: Lam Khee Chong, General Manager Elvin Huseynov, Marketing Manager Email: [email protected] or [email protected] Tel: +65 6861 6622 Fax: +65 6861 4393 Contact Persons: Ezra Chiam, President (Gul Yard) BRAZIL Leong Chee Wah, General Manager 55 Gul Road, Singapore 629353 KEPPEL FELS BRASIL S.A. QATAR Tel: +65 6861 3007 Fax: +65 6862 3645/7 Rua da Quitanda nº 86, Sala 301, 3º Andar, CEP - 20091 - 005, Rio de Janeiro, RJ, Brasil NAKILAT-KEPPEL OFFSHORE & MARINE LTD www.keppelshipyard.com Tel: +55 21 2102 9400 Fax: +55 21 2102 9425 Erhama Bin Jaber Al Jalahma Shipyard Email: [email protected] Email: [email protected] Southern Break Water, Ras Laffan Industrial City (RLIC) Contact Person: Kwok Kai Choong, President & CEO PO. Box 28388, Qatar Contact Persons: Chor How Jat, Managing Director Tel: +974 4419 7300 Fax: +974 4419 7301 Chin Sze Kiun, General Manager (Commercial – Repair) www.nkom.com.qa ESTALEIRO BRASFELS LTDA Tey Wee Hong, Assistant General Manager Email: [email protected] Av. Conde Mauricio de Nassau, (Commercial – Conversion) Contact Person: Konstantinos Antonopoulos, S/n – Jacuecanga CEP – 23914 – 460 Angra dos Reis, RJ, Brasil Senior Commercial Manager Tel: +55 24 3361 6000 Fax: +55 24 3361 6258 KEPPEL SINGMARINE PTE LTD www.kfelsbrasil.com.br UNITED ARAB EMIRATES (15 Benoi Road – Head Office) Email: [email protected] ARAB HEAVY INDUSTRIES PR.J.S.C 15 Benoi Road, Singapore 629888 Contact Person: Marlin Khiew, President P O Box 529, Ajman, UAE Tel: +65 6861 6622 Fax: +65 6862 1792 Tel: +971 6 526 3232 Fax: +971 6 526 3233 KEPPEL SINGMARINE BRASIL LTDA www.ahi-uae.com (5 Benoi Road) Rua Prefeito Manoel Evaldo Müller Email: [email protected] 5 Benoi Road, Singapore 629874 3388 Bairro Volta Grande, Navegantes, Contact Person: Leong Siew Loon, Managing Director Tel: +65 6861 6888 Fax: +65 6862 3491 Santa Catarina, Brasil, CEP 88371-860 Tel: +55 47 3405 0160 Fax: +55 47 3405 0170 KEPPEL LETOURNEAU MIDDLE EAST FZE www.keppelsingmarine.com Email: [email protected] Office No: LB16504, Jebel Ali, Dubai, United Arab Emirates Email: [email protected] Contact Person: Loh Kee Huat, General Manager Tel: 971 4886 0010 Fax: 971 4886 0012 Contact Persons: Abu Bakar Bin Mohd Nor, Managing Director E-mail: [email protected] Poon Tai Lum, General Manager (Commercial and Marketing) BULGARIA Contact Person: Mohsen Abdelalim, GM (Operations) KEPPEL FELS BALTECH LTD KEPPEL LETOURNEAU SINGAPORE LTD 54 Debar Street, Varna 9000, Bulgaria USA KEPPEL OFFSHORE & MARINE USA, INC 50 Gul Road Singapore 629351 Tel: +359 52 684 250 Fax: +359 52 684 252 5177 Richmond Ave, Suite 1065, Houston, TX 77056, USA Tel: 65 6863 7367 Fax: 65 6862 3465 Email: [email protected] Contact Person: Lyudmil Stoev, General Manager Tel: +1 713 600 8380 Fax: +1 713 600 8384 Email: [email protected] Email: [email protected] www.keppelletourneau.com CHINA Contact Person: Lai Ching Chuan, President Contact Person: Winston Cheng, Aftermarket Manager KEPPEL NANTONG SHIPYARD CO. LTD Email: [email protected] KEPPEL NANTONG HEAVY INDUSTRY CO. LTD Contact Person: Cheung Tak On, Vice President (Technology) KEPPEL OFFSHORE & MARINE TECHNOLOGY CENTRE No. 9 Yan Jiang Road, Nantong City, Jiangsu Province P.R. China 226005 KEPPEL AMFELS, LLC PTE LTD (KOMTECH) 20000 State Highway 48, Brownsville, Texas 78521, USA 31 Shipyard Road, Singapore 628130 Tel: +86 513 8530 0000 Fax: +86 513 8530 0007 Email: edmund.lek@keppelnantong.com Tel: +1 956 831 8220 Fax: +1 956 831 6220 Tel: +65 6591 5450 Fax: +65 6265 9513 Email: [email protected] Contact Person: Edmund Lek, President Email: [email protected] Contact Person: Simon Lee, President Contact Persons: Michael Chia, Managing Director KEPPEL FELS ENGINEERING SHENZHEN CO. LTD Aziz Merchant, Executive Director BENNETT OFFSHORE (BENNETT & ASSOCIATES, LLC) 3rd Floor, Chiwan Petroleum Building (Houston Office, HQ) Dr Foo Kok Seng, Executive Director Chiwan Road No. 5, P.R. China 518068 5177 Richmond Ave, Suite 1188, Houston, TX 77056, USA (Shallow Water Technology) Tel: +86 755 26851902/+86 755 26851959 Tel: +1 713 961 7737 Fax: +1 713 961 0861 +65 6863 7215 (Singapore Contact) www.bennettoffshore.com OFFSHORE TECHNOLOGY DEVELOPMENT PTE LTD Fax: +86 755 26851670 55 Gul Road, Singapore 629353 Email: [email protected] (New Orleans Office) Contact Person: Norman Chua, Engineering Manager Tel: +65 6863 7409 Fax: +65 6862 3465 1140 St. Charles Avenue, New Orleans, LA 70130 USA Tel: +1 504 561 8912 Fax : +1 504 581 3803 Email: [email protected] KEPPEL FELS ENGINEERING WUHAN CO. LTD Contact Person: Dr Foo Kok Seng, Executive Director Blk 6 #05, Financial Harbor, No. 77 Optical Valley Ave Email: [email protected] Wuhan City Hubei Province, P.R. China 430070 Contact Person: Marc Wong, President DEEPWATER TECHNOLOGY GROUP PTE LTD Tel: +86 27 59838598 / +65 6863 7215 31 Shipyard Road, Singapore 628130 E-mail: [email protected] KEPPEL MARINE AGENCIES INTERNATIONAL, LLC Tel: +65 6863 7163 Fax: +65 6863 1739 Contact Person: Reynard Xiao Peng, General Manager 5177 Richmond Ave, Suite 1065, Houston, TX 77056, USA Tel: +1 713 600 8371 Fax: +1 713 600 8374 Email: [email protected] INDIA Email: [email protected] Contact Person: Aziz Merchant, Executive Director KEPPEL OFFSHORE AND MARINE ENGINEERING SERVICES Contact Person: Michael Holcomb, President/Director MUMBAI PTE LTD Mobile: +1 713 816 0438 MARINE TECHNOLOGY DEVELOPMENT PTE LTD Unit 3, 8th Floor, Prism Tower-A, Mindspace, Link Road Email: [email protected] 15 Benoi Road Singapore 629888 Goregaon (West), Mumbai 400 062, India Contact Person: John C. Bajor, Marketing Manager Tel: +65 6861 6622 Fax: +65 6862 1792 Tel: +91 22 40018888 Fax: +91 22 40018898 Mobile: +1 713 922 3226 Email: [email protected] E-mail: [email protected] Contact Person: Syed Ahamed Kabeer, General Manager KEPPEL LETOURNEAU USA, INC. Contact Person: Aziz Merchant, Executive Director 5656 North Sam Houston, Parkway East Houston, Texas 77032 Email: [email protected] Indonesia Tel: 1 832 838 5879 Fax: 1 832 787 8800 Contact Person: Anis Altaf Hussain, General Manager PT BINTAN OFFSHORE Email: [email protected] Jalan Nusantara KM 23, Kecamatan Bintan, Timur, KEPPEL FLOATEC, LLC GAS TECHNOLOGY DEVELOPMENT PTE LTD Kabupaten Bintan, Kepulauan Riau, Indonesia 51 Pioneer Sector 1 Singapore 628437 5177 Richmond Ave, Suite 900, Houston, TX 77056, USA Tel: +62 771 462 699 Fax: +62 771 462 575 Tel: +1 713 600 8350 Fax: +1 713 600 8384 Tel: +65 6558 7620 Fax: +65 6558 7621 Email: [email protected] Contact Person: Tapan K. Das, President Email: [email protected] Contact Person: Max Goh Han Bin, General Manager Email: [email protected] Contact Persons: Charles Sim Paik Huat, General Manager Email: [email protected] JAPAN VIETNAM REGENCY STEEL JAPAN LTD Andrea Gay Lee Bei Si, Senior Business Development Manager KEPPEL FELS LTD 46-59 Nakabaru, Tobata-ku, Email: [email protected] PetroVietnam Towers, Suite 410 Kitakyushu, Fukuoka 804-8505, Japan 8 Hoang Dieu Street, Ward 1, Vung Tau City, S.R. Vietnam Tel: +81 93 861 3103 Fax: +81 93 861 3114 Tel: +84 643 850098 Fax: +84 643 850089 KEPPEL SEA SCAN PTE LTD Email: [email protected] Email: [email protected] 55 Gul Road, Level 5, Singapore 629253 Contact Person: Wong Chun Yu, President Contact Person: Damien Ng, Country Manager Tel: +65 6803 1300 Email: [email protected] Contact Person: Gui Eng Hwee, General Manager

OffshoreMarine 1Q Issue 2017 31 First delivery for 2017

Celebrating the naming of the spread-moored Floating Production Storage and Offloading unit, John Agyekum Kufuor, are H.E. Rebecca Akufo- Addo (first row, fifth from right), First Lady of the Republic of Ghana; Mr John Agyekum Kufuor (first row, fourth from right), former President of the Republic of Ghana; Mr Chow Yew Yuen (first row, third from left), then-CEO, Keppel Offshore & Marine; and Mr Lim Han Weng (first row, extreme left), Group Executive Chairman, Yinson Holdings Berhad

On 16 February 2017, Keppel our relationship with our repeat Mr Lim Chern Yuan, Group Shipyard delivered a Floating customers, Yinson and ENI Ghana, CEO of Yinson, said, “There are Production Storage and Offloading and we are glad to support them opportunities in the FPSO market (FPSO) vessel to Yinson Production once again in providing FPSO and we are glad to be able to meet (West Africa) Pte Ltd (Yinson), a solutions to the market. those needs through our FPSO wholly-owned subsidiary of Yinson solutions. Our trust and confidence Holdings Berhad, safely. “We have a strong track record in Keppel extends back to 2014 of customising FPSOs for a wide when we worked together on FPSO The spread-moored FPSO unit was variety of fields. FPSO John Lam Son. We are confident that named John Agyekum Kufuor Agyekum Kufuor is our 27th FPSO John Agyekum Kufuor will be during a ceremony held at Keppel conversion project for Africa, and a valuable addition to ENI Ghana’s Shipyard on 3 February 2017. It 125th overall.” exploration and production is being chartered by ENI Ghana activities, strengthening their Exploration & Production Limited FPSO John Agyekum Kufuor has presence in Africa.” (ENI Ghana) to process oil and gas a storage capacity of 1.7 million from the Offshore Cape Three barrels, with an oil processing Keppel Shipyard’s work on FPSO Points block located in Offshore capacity of 58,000 barrels per John Agyekum Kufuor included Ghana. day. It has a design life of 20 years modification work, new equipment without dry docking and can be installation complete with Mr Michael Chia, MD (Marine & moored in an average water associated piping, electrical and Technology) of Keppel Offshore & depth of 1,000m with a total instrumental systems, as well as Marine (Keppel O&M), said, “Over topside weight of almost installation and integration of the the years, we have strengthened 15,000 tonnes. FPSO process topsides. Printed on recycled paper Printed on recycled

32 OffshoreMarine 1Q Issue 2017