EOC Limited (EOC or the Group), an Asian-based provider of offshore oil and gas support services, has awarded Keppel Shipyard Limited (Keppel Shipyard), a subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), a S$104 million contract to convert a floating production, storage and offloading (FPSO) unit.

Under this contract, Keppel Shipyard will convert a 168,000 deadweight tonne (dwt) Suezmax oil tanker into an FPSO unit that can produce up to 50,000 barrels of oil per day and have a storage capacity of about 680,000 barrels of oil. The unit will be leased to Premier Oil Vietnam Offshore B.V. (Premier Oil) for the development of the Chim Sao field, as part of the US$1 billion contract that the Group clinched in October.

Tags: EOC Limited, Keppel Offshore & Marine Limited