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March 29, 2015 12:23 PM ET

Machinery

Company Overview of Keppel Shipyard Ltd.

Company Overview

Keppel Shipyard Ltd. owns and operates as a ship repair yard. The company engages in the conversion of floating production storage and offloading, and floating storage and offloading vessels, as well as in ship repair and conversion and construction. It provides services, such as repair, conversion, and construction work, as well as fabrication of steel structures. Keppel Shipyard offers dry docking, repair, upgrading, conversion, and construction for offshore and marine vessels, including chemical/oil tankers, container/cargo vessels, passenger ships, gas carriers, navy ships, and dredgers. The company was founded in 1981 and is based in Singapore, Singapore. Keppel Shipyard Ltd. operates a...

Tuas Yard

51 Pioneer Sector 1

Singapore,  628437

Singapore

Founded in 1981

Phone:

65 6861 4141

Fax:

65 6861 7767

Key Executives for Keppel Shipyard Ltd.

Managing Director, Managing Director of Keppel Shipyard (Pte) Ltd and Director of Keppel Shipyard (Pte) Ltd
Age: 73
Chief Financial Officer
Age: 63
President of Keppel Cebu Shipyard Inc
President of Keppel Philippines Marine Inc
Age: 62
Acting Managing Director and Executive Director
Age: 52
Compensation as of Fiscal Year 2014.

Keppel Shipyard Ltd. Key Developments

Keppel Shipyard Limited Secures $705 Million Contract from Golar Gimi Corporation

Keppel Shipyard Limited has secured a $705 million firm contract from Golar Gimi Corporation to perform the conversion of a second Moss liquefied natural gas, or LNG, carrier, the GIMI, into a floating liquefaction vessel, or FLNGV. The conversion award of the GIMI marks the exercise of the first of two options, which were part of an earlier firm contract awarded by Golar to Keppel Shipyard for the conversion of another Moss LNG carrier, the HILLI, into an FLNGV. The work scope for Keppel Shipyard in converting the GIMI is similar to that for the HILLI. Keppel Shipyard will provide the design, detailed engineering and procurement of the marine systems and all of the conversion-related construction services. Keppel Shipyard will once again engage Black & Veatch, its trusted partner for the conversion of the HILLI, to provide design, procurement and commissioning support services for the topsides, as well as the liquefaction process utilising its established PRICO technology. Full construction activities of the GIMI will only commence when Keppel Shipyard receives a notice to proceed, expected to be issued no later than November 2015. In the meantime, orders for long-lead primary equipment such as gas turbines and cold boxes will be placed. The Golar Gimi FLNGV is expected to be delivered around 33 months after receipt of the notice to proceed.

Black & Veatch and Keppel Shipyard Ltd. Team Up with Golar LNG for the Second Time to Convert Floating Liquefaction Vessel

Black & Veatch has been called upon for the second time to combine its licensed PRICO® LNG technology and global engineering, procurement and construction (EPC) capabilities with the services of Keppel Shipyard Limited (Keppel Shipyard). Together, they will convert a Golar LNG carrier, the GIMI, into a Floating Liquefaction Vessel (FLNGV). Black & Veatch will provide its successful PRICO® technology as well as perform detailed engineering and process design, specify and procure topside equipment, and provide commissioning support for the FLNGV topsides and liquefaction process. Construction activities of the GIMI will commence when Keppel Shipyard receives the notice to proceed which is expected to be issued no later than November 2015. The completed FLNG facility is expected to be delivered around 33 months after the notice to proceed is given. The contract, which includes both Keppel Shipyard's and Black & Veatch's work scopes, is worth approximately USD 705 million.

Keppel Shipyard Secures Contract to Perform Second FLNG Vessel Conversion for Golar Gimi Corporation

Keppel Shipyard Limited has secured a firm contract from Golar Gimi Corporation (Golar Gimi), a subsidiary of Golar LNG Limited (Golar LNG), to perform the conversion of a second Moss Liquefied Natural Gas (LNG) carrier, the GIMI, into a Floating Liquefaction Vessel (FLNGV). The contract, which has become effective, is worth approximately $705 million. The conversion award of the GIMI marks the exercise of the first of two options, which were part of an earlier firm contract awarded by Golar to Keppel Shipyard for the conversion of another Moss LNG carrier, the HILLI, into an FLNGV. The work scope for Keppel Shipyard in converting the GIMI is similar to that for the HILLI. Keppel Shipyard will provide the design, detailed engineering and procurement of the marine systems and all of the conversion-related construction services. Keppel Shipyard will once again engage Black & Veatch, its trusted partner for the conversion of the HILLI, to provide design, procurement and commissioning support services for the topsides, as well as the liquefaction process utilising its established PRICO® technology. Full construction activities of the GIMI will only commence when Keppel Shipyard receives a notice to proceed, expected to be issued no later than November 2015. In the meantime, orders for long- lead primary equipment such as gas turbines and cold boxes will be placed. The Golar Gimi FLNGV is expected to be delivered around 33 months after receipt of the notice to proceed.

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