ASIA

Keppel FELS snares TPG500 contract

Keppel FELS has been awarded a $US96 million fabrication project from BP Exploration, the operator of the Shah Deniz Gas Export Project.

The contract is for the fast-fabrication of Technip Coflexip's TPG500, a self-installing, jack-up, drilling/production/ platform.

BP has previously installed a smaller TPG facility on the Harding Field in the North Sea. Delivery is scheduled for July 2004, when the four hull strips will be shipped to the Caspian Sea for integration with other in-country fabrication modules.

Tong Chong Heong, managing director/chief operating officer of Keppel Offshore & Marine said, "We are pleased to secure this challenging job of fabricating the highly complex TPG500 platform in the given time frame. Our knowledge of the Caspian has been demonstrated by the completion of a jack-up rig and the current construction of a semi-submersible in Baku."

The TPG500 will be deployed in the Shah Deniz gas-condensate field in the Caspian Sea, approximately 100 km to the south of Baku, Azerbaijan. Delivery of First gas to Turkey, the primary sales market for the Shah Deniz project is targeted for end 3Q 2006.

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