Keppel FloaTEC Secures Contract for TLWP in Vietnam

Keppel FloaTEC LLC, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract worth about $40 million from PTSC Mechanical & Construction (PTSC M&C) to provide engineering, technology and construction management support services for the Repsol Ca Rong Do Tension Leg Wellhead Platform (TLWP) to be built in Vietnam. PTSC M&C, the service arm of Vietnam Oil and Gas Group (PetroVietnam), is the main engineering, procurement, construction and installation (EPCI) contractor for the TLWP.

It will be the first TLWP in Vietnam and, when installed, the first three-column TLWP in the offshore oil and gas industry.

Keppel (KPELF) FloaTEC's work on the wellhead platform comprises hull and mooring engineering, topsides basic engineering as well as construction management support services.

When completed, the TLWP will be deployed in the Ca Rong Do field development offshore southern Vietnam. It will be part of the overall field development plan which includes the development of a TLWP, a Tender Assisted Drilling (TAD) vessel and a Floating Production Storage and Offloading (FPSO) vessel. The platform will be located in a water depth of 320 meters and host up to 20 wells including oil production, water injection and gas injection.