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24-October-2016
Keppel to deliver one of the world’s largest FPSOs to Bumi Armada

Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver one of the world's largest Floating Production Storage and Offloading vessels (FPSO) to Bumi Armada Berhad (Bumi Armada) for operations in offshore Angola.

The naming ceremony of the FPSO, Armada Olombendo, was held at Keppel Shipyard earlier this month.

Keppel Shipyard converted a Very Large Crude Carrier (VLCC) tanker to an FPSO which measures 382 metres in length with the external turret and 58 metres in width. Armada Olombendo has a design life of 20 years and will be deployed to block 15/06 East Hub Field Development off Angola to fulfill its charter contract for the exploration and production company, Eni Angola.

Mr Michael Chia, Managing Director (Marine & Technology) of Keppel O&M, said, "The conversion of the VLCC tanker to FPSO Armada Olombendo is the 16th conversion project that Keppel has executed for Bumi Armada and we are glad to have built a strong win-win partnership with our long-standing client.

"We have recently also delivered a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) as well as a North Sea-worthy FPSO to Bumi Armada, their first such projects. With the current low oil price environment, it is a testament to Bumi Armada's strong operational excellence that their FPSOs continue to receive good charters. Keppel is proud to be able to support Bumi with our conversion solutions that are cost-effective, robust and reliable."

"Armada Olombendo FPSO is one of Bumi Armada's great achievements as this is the largest FPSO project undertaken by the company and incorporates both the highest oil production capacity to date and one of the largest external turrets used offshore. This is a testament to the capabilities and dedication of our employees, our partners, and our contractors," said Mr Leon Harland, Chief Executive Officer of Bumi Armada.

Keppel Shipyard's work scope for the Armada Olombendo project includes refurbishment and life extension works, upgrading of living quarters to accommodate 100 personnel, fabrication and installation of an external turret mooring system as well as the fabrication, installation and integration of topside process modules.

Armada Olombendo is able to handle crude oil production capacity of 80,000 barrels of oil per day (bopd), 120,000 bpd of water injection, 120 million standard cubic feet (MMscf) of gas handling and has a net storage capacity of 1.7 million barrels.


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About Keppel Shipyard

Keppel Shipyard is the trusted industry name for the repair, conversion and upgrading of a diverse range of vessels, and a global leader in the conversion of Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels and Floating Storage and Re-gasification Units (FSRU), as well as the fabrication and installation of turrets and mooring systems, and topside process modules. Keppel Shipyard is currently undertaking the world's first-of-its-type Floating Liquefaction Facility conversion. More information is available on www.keppelom.com

About Bumi Armada

Bumi Armada Berhad is a Malaysia-based international offshore energy facilities and services provider with a presence in over 17 countries spread across five continents, supported by over 1,600 people from over 30 nationalities.

Bumi Armada Berhad provides offshore services via three business units - Floating Production, Storage & Offloading ("FPSO") Operations, Floating Gas Solutions ("FGS") and Offshore Marine Services ("OMS"). The three business units are in turn supported by three support units, namely FPSO Sales, Major Projects and Technology & Development

Bumi Armada is the fifth largest FPSO player in the world and an established OSV owner and operator across Asia, Africa and Latin America. For more information, please refer to www.bumiarmada.com

For further information, please contact:

Media Relations

Jayne Yeo
Executive
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6296 / 9048 5022
Email: jayne.yeo@kepcorp.com

Investor Relations

Ivana Chua
Assistant General Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6436
Email: ivana.chua@kepcorp.com