Scandinavian Oil-Gas Magazine

http://www.scandoil.com/moxie-bm2/news/spot_news/keppel-wins-206m-floatel-order.shtml

Keppel wins $206M Floatel order

Singapore yard Keppel FELS Ltd. has earned the US$206-million job of building a 500-man accommodations semi-submersible for Floatel International Ltd.

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Singapore yard Keppel FELS Ltd. has earned the US$206-million job of building a 500-man accommodations semi-submersible for Floatel International Ltd.

The KFELS SSAU 3600 is to be delivered by year-end 2010.

“The world’s demand for semi-submersible accommodation vessels is presently stronger than the current dedicated fleet of 19 units can satisfy,” a Keppel statement said.

Meanwhile, Sweden-based Floatel International intends to list their stock in Oslo sometime in 2008, a company source told Scandoil.com on Monday.

It is understood Keppel Offshore & Marine’s Deepwater Technology Group designed the six-column unit for work outside the North Sea. A similar order in April was for a North Sea version.

ws@scandoil.com

Tags: Floatel International, Keppel Offshore & Marine Limited