om08_03

OffshorePreparing Al-Zubarahfor Qatar

WilBoss is 10 days early

MarineAsia’s first ice-breakerslaunched

Gaining contracts atKeppel Shipyard

MICA (P) 062/05/2007March 2008

A publication of Keppel Offshore & MarineMICA (P) 062/05/2007March 2008

OffshorePreparing Al-Zubarahfor Qatar

WilBoss is 10 days early

MarineAsia’s first ice-breakerslaunched

Gaining contracts atKeppel Shipyard

The naming of Maersk Resilient andMaersk Ngujima-YinThe naming of Maersk Resilient andMaersk Ngujima-Yin

March 2008 4/3/08, 3:04 PM1

2 OffshoreMarine March 2008

Maersk Resilient gets christened Page 18

Sea Apache is named by godmother Dolly Tan Page 10

Editorial AdvisorChoo Chiau Beng

EditorLai Ching Chuan

Assistant EditorSarah Seah

Sub EditorGayathri Prakash Nair

Committee membersMichael Chia, Nelson Yeo, Hoe Eng Hock,Dr Foo Kok Seng, Aziz Merchant,Jaya Kumar, Quek Mong Song, David Loh,Chin Sze Kiun, Cindy Lim

ContributorsAlan I. Claveria, Andrew Ong, LisandraFavilla, Quek Mong Song, Janne Skrudland,Ivana Chua, Lee Yin Chiin, Roy Tan

OffshoreMarine is a bi-monthly publication ofKeppel Offshore & Marine Ltd50 Gul Road, Singapore 629351Tel: (65) 6863 7200Fax: (65) 6261 7719/6265 1927

Company registration no. 199900642R

Editorial Board

F E A T U R E S

Ice-breakers take to the sea 5

Al-Zubarah is named at Keppel FELS 6

Triple honours bonus for WilBoss 8

Buzzing with activity at Keppel FELS 12

Knight of St. Olav for Skeie 15

22nd Chua Chor Teck Memorial Lecture 20

Eminent visits to Keppel O&M 24

Another “Bully” at Keppel 36

P-56 strikes steel Page 16

March 2008 4/3/08, 3:05 PM2

OffshoreMarine March 2008 3

Keppel Shipyard starts theyear running

Keppel Shipyard’s excellent track recordin Floating Production StorageOffloading (FPSO) conversions has

secured it three solid contracts right at the startof the year.

These include the first US Gulf of Mexico FPSOfor BW Offshore, the conversions of a tankerfor Maersk Contractors; and a contract tointegrate and complete a newbuild “Bully”drillship.** (see the back page for more information on the “Bully”

drillship.)

Pioneer in the US Gulf of Mexico

BW Pioneer Ltd, an affiliate of BW Offshore, hasawarded Keppel Shipyard a contract to convert thefirst FPSO for the Cascade and Chinook fields inthe US Gulf of Mexico (GoM).

When completed in the third quarter of 2009, theFPSO will be turret moored at a water depth ofaround 2600 m – the deepest waters ever for anFPSO. It is designed to disconnect and move onits own propulsion to safe waters when a stormapproaches.

Continued on page 4 �

The latest FPSOconversion awarded toKeppel Shipyard by BWOffshore is the secondsince the conversion ofFPSO Berge Helene in2005

March 2008 4/3/08, 3:05 PM3


Paul Carsten Pedersen, Group Senior VP of Maersk and Nelson Yeo, ED of Keppel Shipyard (centre) seal the deal

Svein Moxnes Harfjeld, CEO of BW Offshorecommented: “We have great confidence inKeppel Shipyard and in their abilities andexperience, based on our former collaboration.Being the first FPSO for the US GoM waters,the Cascade and Chinook project represents agreat challenge in many ways. Keppel Shipyard’ssolid competence is therefore of strong value.”

ED of Keppel Shipyard, Nelson Yeo said, “Thisis the second FPSO conversion awarded toKeppel Shipyard by BW Offshore since theconversion of FPSO Berge Helene in 2005. Wethank BW Offshore for this trust and aredelighted to carry out work on the first FPSOto be deployed in the Gulf of Mexico.“

To be named BW Pioneer, the FPSO will have astorage capacity of about 600,000 barrels of oil,a process capacity of 80,000 bopd and gasexport facilities of 16 mmscfd. This FPSO unitwill be leased by Petrobras America Inc., andproduction on the Cascade and Chinook fieldsis expected in the first quarter of 2010.

More for Maersk

The latest Maersk Contractors contract is for theconversion of the company’s second FPSO outof Singapore. The FPSO will have a new VLCChull that is due to arrive in the yard from Chinain the fourth quarter of 2008. The new facility isexpected to be completed by end-2009.

� Continued from page 3 Nelson Yeo said, “We are delighted thatMaersk Contractors has entrusted us with asecond FPSO. This is a vote of confidence tothe good work we have accomplishedtogether on the first vessel, which is nearingcompletion. We look forward to continuingour excellent partnership to deliver yetanother quality project.”

Paul Carsten Pedersen, Group Senior VPof Maersk, said, “Maersk and Keppel havebuilt a longstanding partnership onmutual understanding, trust andteamwork. We are impressed with whatKeppel Shipyard has done for us on the firstFPSO [Maersk Ngujima-Yin]. It is natural toappoint Keppel Shipyard again for ourlatest FPSO, a project which we believe theywill complete to a similarly high degree ofsatisfaction.”

The workscope on the fast-track outfitting ofthe newbuild VLCC includes the installationand integration of the topside modules; thefabrication, installation and integration of theAPL internal turret, flare tower, processpiperack and helideck; and the upgrading ofthe accommodation.

The FPSO will operate in a water depth ofaround 100 m at the Peregrino field in Brazil’sCampos basin, and is capable of producing100,000 bopd with a storage capacity of1.6 million bbls.

March 2008 4/3/08, 3:05 PM4


K eppel Singmarine launched itsfirst two ice-breakers into thetropical waters as the company

crossed into the new year 2008.

The vessels, assigned with hull numbersH327 and H328, passed the test ofseaworthiness on 29 December 2007 and14 January 2008 respectively. Bothlaunches were filled with excitement andlessons learned.

The first vessel, H327, taught KeppelSingmarine that the slender hull of ice-breakers would require more buoyancywhen sliding into the waters.

H328, on the other hand, had to reckonwith the onset of a heavy storm. Just aminute before the vessel was to slide downthe slipway, big, heavy raindrops carriedby gales beat upon the sturdy shouldersof the team involved in this milestone.

For a while, there were trepidationswhether to proceed with the task on hand.The tide however would not wait forthem. If they missed the moment, thewater level on the coast would drop andit would be dangerous to launch thevessel.

A bold decision, backed by years ofexperience, was made to get on with thelaunch. This was proven right when thevessel elegantly slipped into the water.

Sheikh Khaled, Assistant Project Manager,Keppel Singmarine said, “I feel a sense ofpride and achievement to see the vesselcomplete this major milestone. This is dueto the hard work and co-operation of mywhole project team. They have put incountless hours to make this happen.”

Launching the ice-breakers is a majormilestone for Keppel Singmarine.

Edmund Lek, GM (Production) of Keppel

Splashing start for two ice-breakers

Singmarine, who oversaw the launchingprocess, shared, “These two vessels are byfar the largest and heaviest ever launchedin Keppel Singmarine.

“We did a lot of safety checks and hadintensive discussions with ourEngineering and Project teams to ensurethat we are confident of the success of theproject.”

The ice-breakers are the first of their kindto be built in Asia and in Keppel. Designedby an ice-breaker specialist design firm,Keppel Singmarine carried out detailedengineering work.

One of the special characteristics of thevessels is the hull design made of specialice-breaking steel-plates that are muchthicker than the normal ones used inoffshore support vessels. The paint usedcan also withstand the extreme coldconditions.

The two ice-breakers Keppel Singmarineis building will operate both in very harshand extreme conditions of -40°C in theBarents and Arctic Seas. They require

special heating systems in theaccommodation areas to keep the crewwarm and comfortable.

“It is a challenging project takinginto account the very sophisticateddesign of the ship and the very strictrequirements of the owner, LUKOIL–Kaliningradmorneft (LUKOIL), andthe Classification society, RussianMaritime Register of Shipping(RMRS).

“Those of us on this project have beengiven great opportunities to hone ourskills and work with highly experiencedowner representatives, surveyors anddesigners. We may face many challengesas we interact with project representativesfrom different parts of the world, but thesedo not deter our team and our morale onthe huge task of building ice-breakers,”added Khaled, who is also undergoing anMBA course.

The contract to build the two vessels – amulti-purpose ice-breaking supply vesseland an auxiliary ice-breaker vessel – wassecured in July 2006.

Braving the storm at its launch, ice-breaker H328 achieves its firstmajor milestone

March 2008 4/3/08, 3:05 PM5


’Allo Al-Zubarah

K eppel FELS has delivered secondjackup drilling rig for Gulf DrillingInternational Ltd (GDI), a joint

venture between Qatar Petroleum (QP) andJapan Drilling Co., Ltd. (JDC).

At a ceremony on 26 January 2008, the rig wasnamed Al-Zubarah, after one of Qatar’s veryimportant economic centres, by MohammadAl-Shirrawi, Chairman of the Board of Directorsof GDI.

Al-Shirrawi said, “We are gathered here toinaugurate and name GDI’s new rig that hasbeen built by one of the very well known namesin the industry – Keppel FELS. To make thisrig ready for operations within such a tightschedule, many men and women have workedextremely hard and made many sacrifices.”

Built to Keppel’s proprietary KFELS B Classdesign, the rig has been customised to GDI’srequirements for drilling in the Arabian Gulf.Al-Zubarah is capable of operating in waterdepths of up to 300 ft, drilling 30,000 ft deepand accommodating up to 110 men.

Yousif R. Al-Khater, CEO of GDI declared, “Weare proud that Al-Zubarah is completed safelywith a good record of construction progress. Iappreciate the effort, dedication andprofessionalism of the Keppel FELSManagement and their staff. Because of theexcellent relationship that we share, the rig iscompleted and ready for delivery to our client.”

Yousif Al-Khater, CEO of GDI, MohammedAl-Shirrawi, Chairman of GDI’s Board ofDirectors, CB Choo, Chairman/CEO ofKeppel O&M, His Excellency Rashid AliHassan Al-Khater, Qatar Ambassador toSingapore and CH Tong, MD/COO ofKeppel O&M celebrate the naming of Al-Zubarah

Al-Zubarah stands tall

March 2008 4/3/08, 3:06 PM6


Al-Zubarah is the second KFELS B Class jackupthat Keppel FELS has completed for GDI. Thefirst rig, Al-Khor, is successfully operatingoffshore Qatar in the Arabian Gulf.

Choo Chiau Beng (CB Choo), Chairman/CEOof Keppel O&M, noted, “With the addition ofAl-Zubarah to its fleet, GDI is a step closer torealise its vision of becoming a world classdrilling services provider. Keppel FELS ishonoured to play an important role in helpingGDI, and Qatar, to achieve its aim.”

At the helm of Al-Zubarah

Apart from offshore drilling rigs, the KeppelGroup is also building for Qatar its firstintegrated solid waste treatment facility and itslargest wastewater treatment and reuse plant.Other collaborations include the setting up ofa shipyard in the port of Ras Laffan and thesurvey, maintenance and repair of a fleet ofLiquefied Natural Gas (LNG) carriers charteredby Qatar Liquefied Gas Company Ltd(Qatargas).

The Keppel FELSproject team ofAl-Zubarah celebratesa job well done!

March 2008 4/3/08, 3:07 PM7


Triple honoursfor WilBoss


Built to Keppel’sproprietary KFELSB Class design,WilBoss wasdelivered 10 daysahead of schedule

March 2008 4/3/08, 3:07 PM8


K eppel FELS delivered anotherjackup drilling rig 10 days aheadof contractual schedule to Awilco

Offshore ASA (Awilco), a member of theAnders Wilhelmsen Group without anylost-time incidents during itsconstruction.

WilBoss was triply honoured as it had nolost-time incident during construction, itwas delivered early and received a bonusfrom Awilco.

CH Tong, MD/COO of Keppel O&M,said, “Amidst the yard’s current heavyworkload, this high quality, highperformance rig was constructed within

21 months and without a single lost-timeincident.

“I am pleased to announce that as theresult of this superb performance, Awilcohas rewarded Keppel FELS with aUS$40,000 bonus.”

Lady Sponsor, Ann Karin RefslandFougner, wife of Henrik Fougner, MD ofAwilco, named the rig WilBoss at aceremony held at Keppel FELS on 16February 2008.

Henrik Fougner asserted, “Today’sceremony is a milestone in our ambitionto become a leading international drilling

company. To succeed, we need premiumassets and a premium organisation. Whenbuilding at Keppel FELS you know youget a premium asset.”

The rig is the second of three rigs KeppelFELS is building for Awilco. The first rig,WilCraft was delivered ahead of schedulein December 2006. The third rig isscheduled for delivery in the secondquarter of 2009.

WilBoss is the 19th KFELS B Class jackupdrilling rig to enter the market since thedesign was launched in 2000. The rigdesign has been chosen by oil companiesand drilling contractors as a benchmarkfor jackup rigs in worldwide operations.

Lady Sponsor Ann Karin Refsland Fougner names WilBoss as husband Henrik Fougner, MD of Awilco, the NorwegianAmbassador to Singapore, Janne Julsrud, and the senior management of Keppel FELS and Awilco look on

Michael Chia, ED of Keppel FELS, presentsthe rig’s name plate to Khairudin Koi Kamar,Rig Manager- Premium Drilling

Inspecting the galley

March 2008 4/3/08, 3:08 PM9


Bonus for early delivery ofSea Apache

K eppel Singmarine, delivered its first project for theyear 2008 on time and with an excellent safety recordon 21 January 2008.

The yard also received a bonus of US$10,000 for the timelydelivery of Sea Apache, a 139-tonne bollard pull Anchor HandlingTug/Supply (AHTS) vessel, to Gulfmark Offshore Inc. with zerolost-time incident.

Its completion adds on to Keppel O&M’s sterling track recordof on-time, on-budget deliveries.

CB Choo, Chairman/CEO of Keppel O&M, said, “We are pleasedto announce that all our major projects for 2007 were deliveredon time to our customers despite the tight labour market andequipment supply crunch.

Sea Apache exceeds her contractual bollard pull and speedduring sea trial

A toast for a project well done – the vessel, Sea Apache, was completed on time and on budget by Keppel Singmarine

March 2008 4/3/08, 3:09 PM10


C old. Snow storms. Bitter chills.Extreme weather would havediscouraged a less committed

team than the one in Keppel Nantong.Although they faced extreme climateconditions in China early this year, theKeppel Nantong team weathered thesnow storms to see to their project’scompletion.

Smit Lumut set sail for her voyage on1 February 2008. It arrived in Singaporeon time for the preparation of a namingceremony at Smit International’s (Smit)yard on 11 February 2008.

The commitment to the project despitethe harsh environment has brought thetripartite partnership between Keppel,Hadi Offshore Pte Ltd (Hadi) and Smit to

The all-weathersolution

“Credit goes to the forward planningand hard work of our people at alllevels and our sub-contractors.Thanks to our customers and ourvendors for their support. Lookingahead, we remain committed to ourpromise of on-time, on-budgetcompletion of high quality projects forour customers.”

Meeting the expectation of itscustomers has been a motto forKeppel O&M, whose vision is to bethe provider of choice for itscustomers.

At the naming ceremony of the SeaApache held recently, Martin Watts,Area Director for Gulf Marine Far East,a subsidiary of Gulfmark, said,“Keppel has once again achieved a firstclass production of our vessel. The SeaApache is the second delivery of a newclass of vessels that we are very proudto add to our fleet. We are expectingfour more deliveries this year, all fromKeppel Singmarine.”

Hoe Eng Hock, ED of KeppelSingmarine, said, “This vessel isdelivered well on schedule despite latedelivery of key equipment. Herperformance during sea trials has alsoexceeded the design and contractualrequirements for bollard pull andspeed. We are very glad to play a parttowards building Gulfmark’s fleet ofover 60 offshore support vessels, andits continued expansion into theSoutheast Asian offshore market.”

Sea Apache is the second of a fleet ofsix vessels ordered by Gulfmark,which provides marine transportationservices to the energy industry,primarily in the North Sea, SoutheastAsia and the Americas. Designed byMarine Technology Development(MTD), the ship R&D arm of KeppelO&M, she will be deployed in SouthEast Asia.

a higher level of confidence andcloseness.

Smit Lumut is the first in a series offour vessels Keppel Nantong isbuilding for Hadi, a Singaporesubsidiary of Hadi H. Al. HammamEst., Saudi Arabia. After the contractwas awarded, Hadi established apartnership with Smit to jointlyoperate the vessel in the MiddleEast.

The long-standing relationshipbetween Keppel and Hadi dates backto 2001, with 11 vessels delivered toHadi to-date. Keppel Nantongcurrently has a total of 23 newbuildingprojects under construction on its16-hectare site.

Smit Lumut was delivered on time by Keppel Nantong

March 2008 4/3/08, 3:09 PM11


Sedco 706 exits the Admiral dock at Keppel FELS to make way for theundocking of Deep Driller 6 and Discovery 1 behind

Virtue 1 launches into the next phase of construction as its centre hullstrip heads for the Admiral dock

Several Keppel FELS projects celebrated theirrespective milestones in the month ofFebruary. Here is a roll call of their

achievements.

Project: Sedco 706Type: Sedco 700 design semisubmersible

(semi)Owner: TransoceanMilestone: UndockingDate: 13 February 2008Highlights: The semi is currently undergoing life

extension and upgrading works toincrease its capabilities, from drilling1,000 ft in water depths to 6,500 ft.

Project: Deep Driller 6Type: KFELS Super B Class jackupOwner: Aban / SinvestMilestone: UndockingDate: 13 February 2008

Project: Discovery IType: KFELS B Class jackupOwner: Jindal Drilling / Discovery DrillingMilestone: UndockingDate: 13 February 2008

Project: Virtue IType: KFELS B Class jackupOwner: Jindal Drilling / Virtue DrillingMilestone: Launching of centre strip of hullDate: 14 February 2008Highlights: An example of leveraging Keppel’s

network of yards, the rig’s hull blockswere fabricated by Keppel Singmarinebefore being transported to KeppelFELS for assembly.

Buzzing with activity atKeppel FELS

March 2008 4/3/08, 3:09 PM12


Project: Deep Driller 8Type: KFELS Super B Class jackupOwner: Aban / SinvestMilestone: Keel layingDate: 18 February 2008Highlights: The fifth KFELS Super B

Class jackup drilling rigsKeppel FELS is constructingfor the same owner. The firstthree are already gainfullyoperating in various parts ofthe world.

Project: WilStrikeType: KFELS B Class jackupOwner: Awilco OffshoreMilestone: Keel layingDate: 18 February 2008Highlights: The third KFELS B Class

design jackup Keppel FELSis constructing for AwilcoOffshore. The first two weredelivered ahead of time, onbudget and with sterlingsafety records.

The first completed hull blocks of Deep Driller 8 and WilStrike are laid on keelblocks in the Admiral drydock

Construction of Keppel FELS’ firstdrilling rig for Brazilian waters, Gold

Star, achieved 2 million incident-freemanhours and was awarded S$20,000 on18 January 2008.

The contract for the fifth generationdeepwater semi was awarded to KeppelFELS by Brazilian drilling contractorQueiroz Galvão Perfurações (QGP).

Built to the innovative and highly cost-effective DSS38 design, the semi hasbeen developed to drill in waters justover 9,000 ft and meets operationalrequirements in the deepwater “GoldenTriangle” region, comprising Brazil, Africaand the Gulf of Mexico.

Safety is Gold

BH Woo, Keppel FELS Senior Project Manager, Rodrigo Ribeiro,QGP Project Manager and Michael Chia, ED of Keppel FELS

March 2008 4/3/08, 3:10 PM13


Bjarne, a Norwegian entrepreneur and engineer,ordered Five KFELS Super B Class jackupdrilling rigs from Keppel FELS through thecompany, Sinvest ASA of Norway.

Between March and December 2007, his newlyformed company Skeie Drilling & ProductionASA, ordered three KFELS N Class jackup rigs.The KFELS N Class design provides customersthe flexibility of having a jackup unit that canundertake drilling and production activitiesconcurrently in the Norwegian sector of theNorth Sea.

The Council of the Order of St. Olav recognisedBjarne as an outstanding industry builderwho had been very successful in creating anenvironment of competence in Kristiansand,Norway.

The Order was awarded to him on 2 November2007 in Kristiansand, Norway, by the CountyGovernor, Ann-Kristin Olsen, on behalf of hisHRM, the King of Norway. Bjarne was alsogranted an audience with HRM, the King ofNorway, on 14 January 2008.

Tête-à-tête with Bjarne Skeie

OffshoreMarine caught up with Bjarne after hewas awarded his knighthood. Bjarne reflects onhis career, his relationship with Keppel FELSand the future of the offshore & marine industry.

1. Congratulations on your knighthood! Howdo you feel achieving this honour?

It is a great honour for me to receive such aprestigious distinction. It is very rare that sucha distinction has been given to a person fromthe industry.

Knight of St Olav for Skeie

K eppel O&M sends its heartiestcongratulations to Bjarne Skeie forbeing conferred the Knight of 1.Class

of the Order of St. Olav, by HRM the King ofNorway. The knighthood of the Order of St.Olav is one of the highest Norwegiandistinctions.

In his congratulatory letter to Bjarne, CH Tong,MD/COO of Keppel O&M said “Weacknowledge that you have been a driving forcein the development of the international oil &gas industry. Indeed your excellent foresight andbusiness acumen has not only contributed tothe development of world class drilling rigs buthas resulted in large spin-off effects in Norwayand other countries worldwide, Singaporeincluded.”

Bjarne Skeie being conferred his knighthood by County Governor,Ann-Kristin Olsen, on behalf of HRM, the King of Norway

March 2008 4/3/08, 3:10 PM14


2. What attracted you to join the offshoreindustry?

My background is in mechanicalengineering. After four years doingengineering work with mechanicalmachinery in different companies, Istarted my own company. I foundedMaritime Hydraulics back in 1971 andaligned the company’s focus towardsdrilling rigs, especially the Aker H3-design, which was a new and challengingindustry.

3 .Were there any significant moment(s)which contributed to the development ofyour career?

The most important moments have beenboth the challenge to develop and createnew technical solutions and products andforming new companies.

4. Tell us more about your initial contactwith Keppel and your experiences ofworking with them over the years.

It goes back to the 1970’s when MaritimeHydraulics supplied drilling equipmentto the Treasure Seeker rig that was beingbuilt at that time and through the 1990’swith the supply of equipment, fromHydralift. I have had a good relationshipwith Keppel’s trustworthy people.

5. What were the key factors which droveyou (and Sinvest) to invest in the fiveKeppel FELS Super B Class jack-up rigs -Deep Driller 2, 3, 5, 6 and 8?

After I ordered the first units, otherinvestors followed my lead and then themarket demand for modern jackupsmaterialized. I wanted to be in the frontposition and be first out with a “smallfleet” of new, modern jackups.

6. What motivated you (and Skeie Drillingand Production) to invest in the KeppelFELS “N” Class jackup rigs?

No jackups had yet been ordered for theNorwegian Continental Shelf (NCS). Inthe North Sea there are about 60 smallerdiscoveries within 120 m water depthswith huge undiscovered areas. Theywere not commercial at an oil price ofUSD 10-15 per bbl at that time.

At the same time 30 to 40 new smaller oilcompanies focussed on geology andexploration were being established inNorway.

I concluded that there would be a newplay in the North Sea and decided todevelop, together with Keppel FELS, anew, commercial North Sea jackup withthe capacity to carry the production

facility at the same time as it coulddrill and easily be removed to newlocations.

This jackup can either operate as drillingrig or as a drilling and production rig. Ithas now been 13/4 years since we startedthe project with Keppel FELS. And todayI am more convinced than ever thatI made the right decision when Iordered these three North Sea N-Classjackups.

I decided to work with Keppel FELS as Ihave a good experience with the yard overthe last decades.

7. Are there any industry developmentinitiatives which you are currentlyinvolved in?

In the autumn of 2007, I established anenergy company, Skeie Energy AS.The company will focus on simple,reusable development solutions for thedrilling and production of smaller fieldsby using jackup based technology.Most of the newcomers in the North Seafocus on geology and exploration.We have focused on reservoir andproduction and drilling facilities forsmaller fields, to get the oil out from thereservoir in the simplest and most costeffective way.

Bjarne Skeie (centre), Lim Swee Say, Minister in Prime Minister’s Office (fourth from right); Lady Sponsor Lena Skeie(fifth from right) and Keppel senior management at the christening of Deep Driller 2 in 2006

March 2008 4/3/08, 3:10 PM15


C elebrations were held inSingapore, the Philippines,China and Brazil for five Keppel

FELS’ projects to mark their contructionmilestones.

Two projects struck steel on 1 December2007, another two on 2 January and oneon 1 February 2008.

Greatship Global Energy Services’(Greatship), Greatdrill Chitra, a KFELS BClass jackup drilling and Keppel FELS’first floating hotel (floatel) for FloatelInternational held the earliest strike steelevents.

The construction of Greatdrill Chitra isbeing carried out at the Keppel FELS yardin Singapore. The fabrication of thepontoons for the floatel will be carried outin the Keppel Batangas Shipyard in thePhilippines. Upon completion, thepontoons will be brought to Singapore forintegration with the upper hull at theKeppel FELS yards.

Floatel International’s new generationfloatel is being built to the DSS20 NS DP3design, co-developed by Keppel’s R&Darm, Deepwater Technology Group andMarine Structure Consultants.

The other two projects which struck steelwere, PV Drilling II, the second KFELS BClass rig for PetroVietnam.

Over in Keppel Nantong, China, Seadrill’sWest Berani II, which struck steel on1 February 2008 is also utilising Keppel’ssynergistic global network of yards togreat effect. The lower hull of thesemisubmersible drilling tender is beingfabricated in Keppel Nantong, Chinabefore shipping back to Keppel FELS inSingapore for integration with the upperdeck.

Strikes galore!

Strike steel marks the beginning of the physical construction work for eachproject

Tan Lye Soon, Project Manager, Keppel FELS, Marcus Chew, BusinessDevelopment Manager of Seadrill and Lee Tai Kwee, President of KeppelNantong at the strike steel of West Berani II

March 2008 4/3/08, 3:10 PM16


P-56 begins construction

The strike steel ceremony for thegargantuan P-56 was conducted

amid much rejoicing at Keppel FELS

Witnessing the ceremony were senior management from Keppel FELS Brasil and Petrobras

Keppel O&M goes one step furtherin its pursuit of talent. Thecompany makes it a priority to

develop an individual’s skill set evenbefore they join the company!

On 16 January 2008, Keppel O&M incollaboration with the Institute ofTechnical Education (ITE) launched theHigher National ITE Certificate (HigherNitec) in the Marine and OffshoreEngineering course.

The course will equip students withrelevant trade skills to meet the criticalneed for supervisors in the offshore andmarine industry.

At the launch, the ITE Board of Governorsengaged Keppel O&M’s seniormanagement in discussion on the Group’sbusiness. They also took the opportunityto visit one of Keppel O&M’s yards.

CB Choo, Chairman/CEO of KeppelO&M said, “As a leader in our industry,

Raising the barKeppel O&M is glad to provide theseacademic institutions a glance into ourindustry. We want to inspire talents withthe right set of skills, knowledge andmindset to join us.”

This offshore and marine industry hasseen meteoric growth, with a 2006 record

CB Choo (right)welcomesBob Tan,Chairman of ITEto Keppel O&M

Brasil’s BrasFELS shipyard in Angra dosReis on 12 February 2008.

The P-56, a semisubmersible floatingproduction unit (FPU), is a repeat ofP-51 which is currently being built at thesame yard. The FPU will consume 40,000tonnes of steel and measure 125 m tallby 110 m long and wide. It is expected tooperate for 25 years.

Present at the ceremony were GilbertoIsrael, Keppel FELS Brasil CommercialDirector, Gim Guan Ng, BrasFELSShipyard Manager, José Pedro MotaFSTP’s P-51 and P-56 Project Director andAltamiro Ferreira Filho, Petrobras’Entrepreneurship ImplementationManager for Marlim Sul.

output of over S$12 billion, a 38 per centrise from 2005. A manpower surveyconducted by the Association ofSingapore Marine Industries (ASMI) inOctober 2006 predicted that there wouldbe a demand for about 120 localsupervisors per year over the next fiveyears.

March 2008 4/3/08, 3:11 PM17


K eppel O&M has completed twooffshore facilities for MaerskContractors.

The first project, which has beendelivered, is a jackup drilling rig built byKeppel FELS. Of the MSC CJ 50 design,the jackup rig was named Maersk Resilientby Susanne Hemmingsen, wife of ClausHemmingsen, Partner in AP Moller andCEO of Maersk Contractors, on30 January 2008 at a ceremony held atthe Keppel FELS yard.

With maximum operating and drilling

Double joy for Maersk

1

depths of up to 350 ft and 30,000 ftrespectively, Maersk Resilient has beencontracted by Dubai PetroleumEstablishment for drilling operationsoff the coast of Dubai in the ArabianGulf.

It is the first of four jackups to becompleted for Maersk Contractors.Delivery of the rigs has been scheduledon half-yearly intervals.

The second project, by Keppel Shipyard,is the complex conversion of the former308,000 dead weight tonne VLCC Ellen

Maersk into a Floating Production Storageand Offloading (FPSO) facility.

The facility was named in a separateceremony graced by Lim Hwee Hua,Singapore Minister of State for Financeand Transport, on 2 February 2008. KimSpence, wife of Keith Spence, WoodsideEnergy‘s Executive VP for EnterpriseCapability, named the vessel MaerskNgujima-Yin.

Maersk Ngujima-Yin will be deployed inthe Vincent field, offshore Australia. It iscapable of handling a daily production

Maersk Resilient (left) leads the fleet

March 2008 4/3/08, 3:11 PM18


capacity of 120,000 barrels of oil per dayand has a storage capacity of 1.2 millionbarrels of oil. The vessel will be mooredat a water depth of 320 m to 420 m.

Maersk Contractors is set to invest aboutS$3 billion between now and 2012 toexpand its floating production anddrilling rig businesses, largely driven byongoing demand for jackups andsemisubmersible drilling units, as well asfloating production, storage andoffloading vessels (FPSO).

Claus V. Hemmingsen, CEO of Maersk

Contractors, said, “We are glad to partnerKeppel O&M for our recent expansionplans. The Keppel and Maersk projectteams have worked hard to completethese highly efficient and technicallyadvanced projects. We now look forwardto proving their qualities in operation.”

CB Choo, Chairman/CEO of KeppelO&M said, “We are pleased that MaerskContractors continues to choose Keppelas their partner of choice to participate intheir offshore fleet expansion programme.We are committed to deliver on ourpromise to our valued customer, and

I thank Maersk Contractors for their voteof confidence in us.”

Maersk Contractors is part of the A.P.Moller – Maersk Group and is a significantdrilling contractor and supplier of floatingproduction solutions. The fleet counts26 drilling rigs and four FPSOsincluding five high efficiency jackuprigs, three deepwater developmentsemisubmersibles and one FPSO vesselunder construction.

(Top) Lady Sponsor SusanneHemmingsen, Claus Hemmingsen,CB Choo and CH Tong celebrate thenaming of Maersk Resilient atKeppel FELS

(Top right) Maersk Ngujima-Yin

(Right) Maersk Ngujima-Yin beingnamed by Lady Sponsor, Kim Spence,at Keppel Shipyard

March 2008 4/3/08, 3:12 PM19


W ith plentiful opportunities inthe offshore and marineindustry, those considering a

career in marine insurance can expect tosee their plate growing with excitement.

This was pointed out at the 22nd ChuaChor Teck Memorial Lecture (CCTML),where speaker Nick Sansom encouragedhis audience to consider a career in marineinsurance.

Speaking at the Lecture titled ‘MarineInsurance: Past, Present and Future’, Nickgave his audience an overview of thedevelopment of the marine insuranceindustry over the last thirty years, bothin Singapore and worldwide.

Singapore’s hull market is increasing incapacity. Nick revealed that this is largelyattributed to several factors. Among these,is an increase in the number ofshipowners setting up shop here.

Singapore government initiatives alsoencourage ship operators and marine

Insuring opportunities

insurance companies to make Singaporetheir base which might lead to higherdemand for marine insurers.

According to Nick, the next stage ofdevelopment is to have Singapore becomea wholesale insurance market for Asian –and ultimately global – shipowners.

Held in memory of the late Chua ChorTeck, MD of Keppel Corporation, theLecture took place at the SingaporePolytechnic Auditorium on 16 January2008.

The annual event is organised by theSociety of Naval Architects and MarineEngineers of Singapore and supported bySingapore Polytechnic and Keppel O&M.

Apart from the CCTML, a Memorial Fundalso gives out scholarships in keepingwith Chor Teck’s dedication to attractingtalents to the marine industry. To readmore about the late Chor Teck andthe Fund, visit www.kepcorp.com/CCT_Memorial_Fund_Trustee.

Nick Sansom is the Senior VP andHead of Marine in Asia of Marsh (S)Pte Ltd.

Nick was a barrister before workingin marine insurance. Having built astrong grounding in claims and lossprevention, he moved intounderwriting.

He is a council member of theSingapore Shipping Association, amember of the Ship Insurance andLegal Committee of the AsiaShipowners Forum and VP of theMaritime Law Association ofSingapore.

Nick Sansom engages the audience with his views on marine insurance

Nick Sansom

March 2008 4/3/08, 3:12 PM20


The best mindsgather to discussgeotechnical aspectsof jackups

W hat do Keppel Offshore &Marine Technology Centre(KOMtech), University of

Western Australia, Oxford University,National University of Singapore (NUS)and the jackup industry players have incommon?

They all share a special interest inimproving the existing industry guidelinesand codes for jackup foundations. Thesubject has been of utmost importance tothe jackup industry in the past twodecades which encouraged KOMtech andKeppel FELS to promote theestablishment of a joint industry-fundedproject called the “Improved guidelinesfor the prediction of geotechnicalperformance of spudcan foundationsduring installation and removal of jackupunits” or InSafeJIP for short.

Various players in the jackup industry willparticipate in this programme which willbe managed by RPS Energy. A kick-off

Getting to the bottom of itKOMtech and Keppel FELS in joint study to improve reliability of jackup installationsmanaged by RPS Energy.

meeting was held through a videoconference attended by experts fromthe leading academic institutions and theJIP participants on 28 January 2008.

The InsafeJIP aims to improve thereliability of foundation bearing capacityprediction for use in assessing jackupfoundation performance. It will beachieved by reviewing and calibratingstate-of-the-art geotechnical predictivemethods which have been establishedfrom the recent research and developmentin the offshore geotechnics area.

The outcome of the programme isexpected to form an industry guidelinefor geotechnical site assessments, whichwill help to enhance safety and reliabilityof jackup operations.

Foo Kok Seng, GM, Offshore TechnologyDevelopment (OTD) and DeputyDirector, KOMtech, underscored theimportance of the research, “This

collaborative effort with the academia andthe various interested industry playersis a big step towards increasingtechnological competence and buildingknowledge in the jackup sector of theoffshore industry.

“This is unprecedented in the offshoreindustry as this research involves threemajor universities working and sharingdata with one another across the globe,”added Matthew Quah, R&D Manager,KOMtech/OTD.

KOMtech was launched in December2007 to spearhead KOM’s technologyschemes while working closely with OTD,Deepwater Technology Group (DTG) andMarine Technology Group (MTD).

KOMtech’s R&D scope covers innovationsin rig and vessel design, shipyard process,critical equipment, subsea and subsurfaceequipment, process topsideminiaturisation, environmental andmaterials concerns.

March 2008 4/3/08, 3:12 PM21


O ffshore and Marine ASA (O&M)in Norway became a wholly-owned subsidiary of Keppel

O&M in September 2006 and adoptedthe Keppel name in December 2006.Little more than a year later, its President,Inge Oliversen, takes stock of thecompany, Keppel Norway.

He said “A lot of new processes have beenimplemented since we became part of theKeppel Group. There is a stronger focuson specific technologies combined withexecution excellence. The Keppel O&Mbranding and the strong support that wereceive from top management inSingapore have been instrumental in thecompany achieving new success

“We have been able to co-operate withour sister companies in the Group. Wehave delivered a power system for an ice-

Coming under the Keppel flagbreaker vessel to Keppel Singmarine andare currently working on another powersystem for a semisubmersible meant forBrazilian waters.”

But it’s not all one-way traffic. KeppelNorway has also brought onboard itsexperience and expertise by seconding itspersonnel to KOMtech to developtechnology and new products in drillingtechnology.

Technology and services are thecompany’s two main specialisations, saidInge. “In technology the company focusis on drilling systems and modular drillingunits.

“Our technology portfolio furtherincludes mud-systems, drilling controlsystems and concepts for modulariseddrilling. We provide modification and

Inge Oliversen, President of KeppelNorway

Keppel Norway

March 2008 4/3/08, 3:13 PM22


maintenance of supply vessels, drillingunits as well as offshore installations.”

A busy year

In the past year, Keppel Norway hasundertaken around 10 technologyprojects and 10 service projects inaddition to a large number of minorprojects and studies. A key projectconcerned the delivery of diesel electricpropulsion systems for ice-breakers forRussian waters.

Another important project was theupgrading of the mud system on the220,000-tonne Heidrun Tension LegPlatform (TLP), the world’s first concretetension leg platform. Keppel Norway’ssolutions have improved the workingenvironment for the personnel onboard aswell as cut down environmental emissions.

Looking ahead

With its proximity to the Arctic region,Keppel Norway is in a good position todevelop technologies suited to the region.The yard serves as a springboard tocustomers in Europe, Russia and theBarents Sea.

Keppel Norway has plans to expand andincrease its market share of modificationprojects in the Norwegian ContinentalShelf.

It has embarked on an ambitious andinnovative marketing and recruitmentcampaign. A short and snappyrecruitment video clip will be screenedin movie theatres in areas near KeppelNorway for six months. The subsidiary isalso using other recruiting forums likesetting up education booths to attracttalent.

Busy at work on the power systems

A giant lords overKeppel Verolme

R owan Gorilla VII, a jackup drilling rig under the managementof Rowan UK Ltd., is in the Keppel Verolme yard for severalmodifications and for the lengthening of her legs.

Originally, the jackup legs were lengthened by 11 m. Since the workwas going smoothly, the client decided to extend Rowan Gorilla VII’slegs by an additional 11 m.

The rig has a triangular hull 93 m long and 91 m wide. The three legsare now each 197 m long.

The drilling rig leaves Keppel Verolme in mid- March for her nextassignment for the coast of Angola. The rig did not remain unnoticedin the Rotterdam area.

March 2008 4/3/08, 3:14 PM23


Stately welcome for Indonesian dignitary

O n 8 February 2008, PT BintanOffshore was graced with a visit fromthe Indonesian Vice President His

Excellency Haji Jusuf Kalla and his wife.

The visitors were treated to a warm welcomeand a local dance performance before beingtaken a tour of the offshore fabrication facility.

Michael Chia, ED of Keppel FELS who hostedthe delegation, said “The Vice President wasvery interested in our yard. He showed a lot ofinterest in our operations and also talked toseveral of the workers.”

Accompanying the Vice President wereMinister of Industry, Fahmi Idris, Minister ofAgriculture, Anton Apriyantono, Minister ofCommunication, Jusman Syafii Djamal,Minister of State of Business Establishment,Sofyan Djalil, the Governor of Riau Archipelago,Ismeth Abdullah and other dignitaries.

Warm reception for Arctic

Eager to learn the organisation and operationsof Keppel’s yard, Scandinavian fund managersand analysts from the Arctic Securities inNorway met with Keppel O&M managementfor an interactive discussion on 8 January 2008.

Just over a week later, a group of educationalpolicy makers and business leaders from North

Eminent visits toKeppel O&M

Carolina’s Center for InternationalUnderstanding and the Public School Forumalso called on Keppel O&M to get a close-upview of the yard’s operations and facilities.

Red carpet greeting for Brunei’s EnergyMinister

Brunei Minister of Energy, His Excellency PehinDato Yahya visited Keppel Shipyard on 12January 2008 for a tour of the drillship thatwill be working off the shores of his country.

He was received by CB Choo, Chairman/CEOof Keppel O&M, as well as Keppel Shipyard’sED, Nelson Yeo who gave an overview of theyard’s operations.

The drillship, Peregrine II, which was beingoutfitted at Keppel Shipyard for FrontierDrilling will be leased to Shell for operations inoffshore Brunei.

Key representatives from Frontier Drillingand Shell also presented the workings of thevessel.

Graham Henderson, MD of Brunei ShellPetroleum said of the vessel, “It’s only when yousee these things in reality that you realise howincredible it is. This is a very important projectfor us in Brunei.”

Of the yard, he added, “The safety here isfantastic. I’ve never been given so much safety

His Excellency Haji JusufKalla and other dignitariesled on a tour aroundPT Bintan Offshore byMichael Chia

March 2008 4/3/08, 3:14 PM24


K eppel Philippines Marine, Inc(KPMI) was once again a finalistin the fifth MAP Best Annual

Report (BAR) Awards on 11 December2007.

Organised by the ManagementAssociation of the Philippines (MAP), inco-operation with the Philippine StockExchange (PSE) and news publicationBusinessWorld, the Awards recognisescompanies who practice principles ofgood governance in the Philippinesbusiness community.

This promotes investor confidence in thePhilippine stock market by increasing the

More than just good governancelevel of transparency, accountability andfairness amongst its members.

Since the Awards were instituted in 2003,KPMI has always been in the list offinalists for the coveted award.

“This award is another vote of confidenceto KPMI’s practice of good corporategovernance and disclosure,” said AgnesBarbara L. Lorenzo, KPMI’s VP forAdministration and Finance, whoreceived the award on behalf of thecompany.

She added, “The Annual Report is a veryuseful and powerful communication tool.

The shareholders are provided with aclear, balanced and fair assessment of thecompany’s performance as well as theplans to further increase the value of theirinvestment.”

Sharing corporate governancepractices

How does a Singaporean multi-nationalorganisation such as Keppel O&Msuccessfully translate Singapore’scorporate governance practices to itsoverseas units?

This question was at the top of the mindof 32 managers from Motorola who visitedKeppel O&M on 25 January 2008.

Wong Ngiam Jih, GM (Finance) of KeppelO&M, talked to the participants about theneed for good corporate governance aswell as the challenges in instilling it whenKeppel O&M expanded its operationsoverseas.

The visit was part of a curriculum whichthe Singapore Management University(SMU) had tailored for Motorola toprepare the group of senior executivesfrom the Asia-Pacific region for higherresponsibilities.Keppel O&M is highly recommended by SMU as a case study for strong

corporate governance

HE Pehin Dato Yahyaflanked by CB Choo,Keppel, FrontierDrilling and Shellmanagement

gear before in my life. You could just feeleveryone lives and breathes safety here and weappreciate that.”

The visit demonstrated the warm relationshipbetween the various parties and providedtalking points for further discussions.

March 2008 4/3/08, 3:14 PM25


A captive audience listen asKeppelites recount their variedoverseas experiences

ducate, Empower andEnergise”. This is the motto‘‘E of the Keppel Keppel O&M

College. The college, was officiallyunveiled by CB Choo, Chairman/CEO ofKeppel O&M, on 3 November 2007. Inthe next two months it got busy arrangingtalks for Keppelites.

Learning from the region

The main hall in Keppel Shipyard wasabuzz with 130 people from Keppel FELS,Keppel Shipyard and Keppel Singmarine.It had to be an especially interesting eventto draw such a crowd on the Saturdaybefore Christmas – and indeed it was.

They had gathered on 22 December 2007to listen to a presentation by two groupsof Keppelites who shared their

Sharing experiencesexperiences of visiting the twoshipbuilding powerhouses of Korea andChina.

Both groups set out with a mission to “See,hear, network and learn”. Judging fromthe presentations and the enthusiasticresponse of their audience, the two groupsfulfilled their goals very well.

Ivan Lim, Project Manager, KeppelShipyard, presented the first talk, “20thFPSO Conference & Visit to DSMEShipyard”. Highlights of the trip includedattending the 20th FPSO conference, andvisiting DSME Shipyard.

The “takeaways” from the trip to Koreawere plenty. In particular the detailedplanning put in by the Korean shipyardsat the design level impressed the group.Another aspect was the Korean shipyards’

achievement in replacing scaffoldingswith a cherry picker system.

The group talked about how the Koreansystem had allowed the country’sshipyards to scale new heights in theshipbuilding industry.

A group undergoing a Masters in Sciencein Marine Technology (International) atUniversity of Newcastle upon Tynepresented the second talk.

The group which comprised people fromKeppel FELS, Keppel Shipyard andKeppel Singmarine visited Shanghai,China, for a study trip from 26 Novemberto 2 December 2007.

The group talked about their experiencesattending Marinetec China 2007 and theSenior Maritime forum as well as visiting

Cultural exchange – employees ofKeppel O&M learn from their

Chinese and Korean counterparts

March 2008 4/3/08, 3:15 PM26


Wai Gao Qiao Shipyard, Keppel NantongShipyard and Shanghai Shipyard. Theyalso had the opportunity to visit YangShan Port and Shang Hai Jiao TongUniversity.

Wong Jen Ming, Project Manager ofKeppel Shipyard said enthusiastically, “Itwas a really enlightening trip. We wereable to observe the development ofChina’s shipyards on a first-hand basis.We also saw the collaboration betweenacademia and industry in China.”

At the end of the session, CB Choocommented, “We can learn from yardsthat are both less advanced and moreadvanced than us so that we can improvethe services and solutions that we give ourpartners and customers. We have tocontinuously benchmark ourselvesagainst the best to stay competitive.”

Overcoming challenges abroad

An Open Mind. Passion. Perseverance.Adaptability.

These were some of the values reflectedby Keppelites who completed overseasstints as they shared their experienceswith their colleagues during a talkorganised by the Keppel O&M Collegelast month.

The panellists comprised Tay Kim Hock,Senior General Manager (Group Business

Development) of Keppel O&M, RogerLeng, Yard Manager at Keppel FELS,Crescent Yard, Leow Ban Tat, SeniorMarketing Manager, Keppel FELS and YipHee Yan, Senior Programme Manager andAsbjorn Mortensen, Programme Manager,Drilling Equipment, both from KOMtech.

“If it is for good for the company, I will goon an international assignment again. Inmy years at Keppel AmFELS, I waschallenged in a positive way. Iaccomplished many things that I did notthink I could achieve,” said Roger Lengwho spent 13 years in Keppel AmFELSas VP (Operations).

Displaying the Keppel Core Values of “CanDo!” and “Global Mindset”, Roger andfellow Keppelites answered the clarion callof their company to venture abroad withKeppel O& M overseas units in locationsranging from far-flung Brazil to nearbyJapan.

Kim Hock who spent seven years asKeppel FELS Brasil’s President & CEOadded “An overseas posting providesinvaluable experience for those who arewilling to take up the challenge.

“There were initial difficulties inestablishing a presence in Brazil. We hadto market Keppel to potential clients, dealwith our Brazilian partner, reactivateBrasFELS and launch our Core Values. Wenot only clinched our first big contractfrom Halliburton but by working with

partners like Technip, we were able toclinch big projects like the P-52, P-51andP-56.”

Though their experiences were unique,common threads could be found in eachstory. Many of them faced the dilemmaof whether to have their familiesaccompanying them, or leave thembehind and bear with the loneliness ofbeing away from their loved ones.

Asbjorn Mortensen, Programme Manager,Drilling Equipment at KOMtech, said,“I have been in Singapore for sevenmonths. It’s advantageous for me to behere as I can build up my network, whichwill help me once I am back in Norway.However, my family and I miss our friendsback home.” He has been secondedfrom Keppel Norway.

Keppelites had to get used to a newcountry and new culture; often they hadto adapt their own working styles to thatof their host country. Sometimes languageissues arose as well. All the speakersagreed that the support of their familiesplayed a positive role.

The talk left many young Keppelitesinspired. Colleen Chua, an executive atKeppel O&M Group Human Resourcescommented, “I think that overseasexposure can help to develop a personprofessionally and personally. I feel reallymotivated now to take up an internationalassignment.”

“If it is for good for the company, I will go onan international assignment again. In my yearsat Keppel AmFELS, I was challenged in apositive way. I accomplished many things thatI did not think I could achieve.”Roger Leng who spent 13 years in Keppel AmFELS asVP (Operations).

March 2008 4/3/08, 3:15 PM27


The Singapore Civil Defence Force (SCDF) andpolice were alerted as Keppel’s Safety andSecurity officers swung into action, rushing tothe scene in an instant. A search party for thesuspect began in earnest while another forceequipped to handle such critical situationsassisted the SCDF to investigate the nature ofthe agent used in the chemical gas attack.

A Command Post was also set up for commandand control in coordinating both the externaland internal response teams. Peoplecomplaining of any symptoms such as itchiness,teary eyes, and shortness of breath or vomitingwere referred to the yard’s in-house doctor atthe temporary First Aid centre. They showeredoff and were quarantined before the arrival ofthe SCDF for a chemical decontamination.

The suspect was soon found and SCDF escortedhim down and proceeded to decontaminatehim. It turned out that the intruder was adisgruntled ex-contract worker who purchasedammonia gas and set it off on board the vesselto vent his frustrations.

Vigilance put to the test

I t seemed to be a normal work morningon 11 December 2007 when securitypersonnel spotted a suspicious looking

male entering Keppel Shipyard Benoi ona sampan through the slipway.

Minutes later, yellowish smoke could be seenon board the vessel Golar Spirit. Workersonboard the vessel were immediately evacuated.

SCDF officersdecontaminating the suspectafter they bring him downfrom the vessel

Keppel Shipyard (Benoi)security assisting the SCDFwith the containment of thesuspected chemical attack

March 2008 4/3/08, 3:15 PM28


The intruder was then handed over to thepolice to be dealt with according to thelaw.

Having neutralised the ammonia gas andascertained that it was not a terrorist-related incident, the green light was givenfor the Exercise to stand down.

This marked the end of a successful jointExercise code named “Hazmat” held withthe Divisional Police, SCDF, PoliceCoastguard, captain of the vessel GolarSpirit and the yard’s Security & Safetyofficers at Keppel Shipyard Benoi(KSB).

This was the sixth in a series ofInternational Ship and Port FacilitySecurity Code (ISPS) exercises carried outsince mid -2004. The exercises are aimedat strengthening Keppel O&M’s BusinessContinuity Plan (BCM).

The plan was painstakingly developed toidentify potential threats and their impacton the organisation’s operations.

This in turn will help in the development

of response, continuity and recovery plansto ensure that critical functions recoverpromptly and increase the organisation’sresilience to unplanned disruptions inassets and personnel.

Anthony Toh, Group Security Manager ofKeppel O&M said, “This exercise mayhave taken many months to plan but ithas now prepared us to save many livesand help set in place proper proceduresfor the future of the company. Combinedtraining and exercises with Governmentagencies help us hone our own securityand safety procedures when faced withcompromising situations.

“It is an exercise everyone in the yardappreciates, from customers to sub-contractors and our exercise today istestament to the effectiveness of our BCMplan.”

Caspian Shipyard keeps clear ofavian flu

The outside temperatures were alreadyfreezing at Caspian Shipyard Company

(CSC) when employees starting the day’swork found their own temperatures beingtaken to check for Avian Flu.

Over five days, from 6 December 2007onwards, CSC conducted randomtemperature testing to gauge the yard’spandemic preparedness in the event of apotential outbreak. This would helpprotect the health of its workers andminimise any disruption to the yard’soperations.

More than 50 employees were tested anddespite the cold weather, the exercise waswell-received as employees realisedsusceptibility to the virus occursregardless of the weather.

CFO of CSC, Elshan Kurbanov said, “Thebird flu exercise at CSC was part of ofKeppel O&M’s risk managementprogramme for all its yards includingCSC. This helps us to stay vigilant. In theevent of an outbreak, the yard’s operationswill not be disrupted.

“We have learnt from this exercise andimproved our existing procedures.”

Employees ofCSC being“quarantined” atthe medical centrewhile undergoingtemperature checks

March 2008 4/3/08, 3:15 PM29


A s part of the Core Values integrationprogramme, Keppel O&M Group HRconducted a teambuilding workshop for

subsidiary Bintan Offshore’s 78 employees on 13and 14 December 2007.

Applying a series of specially-designed teambuildingactivities, the workshop helped build staff motivation,loyalty and team spirit by spreading the Group’s CoreValues with employees.

Launched on 8 August 2002, Keppel O&M’s CoreValues is an important programme to align employees’ambitions with company’s goals.

This was followed by the introduction of the CoreValues icons on 6 November 2006 which have beenwell-received in both Singapore and overseas yards.

Core Values goes to Bintan

Team spirit is high at Bintan Offshore

The PSA Club played host to 24delighted young people and theirfamilies on 28 December 2007.

These young talents received bursariesand scholarships at the Keppel EmployeesUnion Scholarship/Bursary Awardsceremony that evening.

Gracing the occasion was Seng Han Tong,NTUC Assistant Secretary General andMP for Yio Chu Kang.

Phang Weng Onn, General Secretary ofKeppel Employees Union said, “Oureducation system gives children thechance for upward mobility. Our systemdoesn’t ask where you live and where youcome from. It only asks if you are capableand willing to scale the peaks ofexcellence.”

The bursary and scholarship awardswere for PSLE, GCE “O” Level,polytechnic and university courses.

Rewarding excellenceTwo-time award recipient Nithianathans/o Sigamani who is pursuing hischemical engineering degree at theNanyang Technological University, said,“I feel very privileged to receive thisaward, especially since I got one for my“A” levels. It has helped me to achieve

my dream of becoming a chemicalengineer.”

Keppel O&M Management and the Unioncollaborated to start the KeppelEmployees Union Bursary in the 1970s.The Bursary and scholarship awardsceremony is now an annual event.

Giving children of Keppelites a better future – the ceremony was witnessed byMP (Yio Chu Kang ) Seng Han Tong (2nd row, 5th from right)

March 2008 5/3/08, 11:39 AM30


K oh Tah Seng completed hissecondment to PrimeSteelKitand has returned to Keppel

Singmarine as Senior CommercialManager with effect from 10 January2008.

Charles Yap has been appointed GeneralManager of PrimeSteelKit and GeneralManager (Business Development) of

Tour of dutyKeppel Singmarine. He leaves his post asPresident of Subic Shipyard &Engineering Inc, having started in thePhilippines since 1995.

Mok Kim Whang, previously GeneralManager (Operations) of Keppel Shipyard(Benoi), has taken over the mantle ofPresident, Subic Shiyard and EngineeringInc with effect from 19 November 2007.

Albert Kee, the Yard Manager(Operations) of Keppel Shipyard (Tuas)has been promoted to General Manager(Operations) of Keppel Shipyard (Benoi).

In Keppel FELS Brasil, Gilberto Israel hasbeen appointed Keppel FELS BrasilCommercial Director. He leaves his postof President of BrasFELS. Eduardo Nunezthe former Project Director of P-52 is nowthe new President of BrasFELS.

3 Ps to success

“It’s like going to school on the first dayand not knowing anyone. It can be quiteoverwhelming as Keppel O&M is a hugeorganisation. Through the orientation,new members know that they are notalone and that the management activelyengages employees at all levels. Theirmentors are also introduced to themduring these sessions,” explained Cindy

Lim, Keppel O&M’s Senior HR Manager,whose department is the facilitator for theorientation.

The orientation programme offers aninsight to the organisation’s structure,heritage, practices and policies as well asan opportunity to meet and interact withsenior managers.

The latest additions to the KeppelO&M family were pepped upwith inspirational talks at

Keppel O&M’s corporate orientation on21 December 2007.

Starting with a welcome address fromChairman/CEO CB Choo, the programmealso included a sharing session by veteranKeppelite, Leow Ban Tat, SeniorMarketing Manager of Keppel FELS.

Not only did he speak about the overseasexperiences and career opportunities hehad in his years with Keppel, he alsotalked about his principles for personalsuccess, urging everyone to balance the3 Ps, namely, Patience, Perseverance andPoliteness.

Into its 17th run since its inception inMarch 2006, the Keppel O&M corporateorientation allows new Keppelites to getacquainted with each other and also helpsto integrate them into the organisation.The programme has benefitted more thannew 700 employees.

Building camaraderie amongst new employees while helping them integrate withthe organisation is of highest priority to Keppel O&M

March 2008 4/3/08, 3:16 PM31


Around our yardsOffshoreMarine tracks works at various Keppel yards.

Singapore

Keppel Shipyard

Name : MOL ElbeOwner : MOL Ship Management Co.

LtdType : ContainerDWT : 58,112GRT : 50,352Date : 4 January – 1 February 2008Country : JapanScope : During drydocking the

tailshaft was surveyed, thebow thrusters werecompletely overhauled andthere was a partial renewalof the anchor chain. Thehatch cover was repaired;and the flexi pad modified.The hatch cover washydroblasted and variousmiscellaneous other repairstook place.

Name : MOL DiscoveryOwner : Azalea MaritimeType : Container ShipDWT : 40,499GRT : 42,812Date : 7 January 2008 to presentCountry : The Netherlands

Scope : The bottom plates wererenewed; the hatch coverand coaming resting padwere modified; the sewagepipe was newly installed;the cargo hold tanktop andthe ballast tank underwenthydrojet and paint works.

The Philippines

Keppel Batangas Shipyard

Name : FANTASY STAROwner : Picer Marine S.A.Country : JapanType : Bulk CarrierDWT : 56,029GRT : 31,214Date : 13-31 December 2007Scope : The hull, anchor and chains

were painted. The cargohold, main engine air coolerand auxiliary boiler werehydroblasted and painted.

Name : WHITE CATTLEYA 10Owner : VLK Traders (S) Pte. Ltd.Country : SingaporeType : TankerDWT : 7,901.54

GRT : 4,627Date : 18-30 December 2007Scope : The hull was cleaned,

blasted and painted. Theengine room pipes andhydraulic pipes wererenewed.

Keppel Cebu Shipyard

Name : CEC DaisyClient : CEC ShipmanagementCountry : DenmarkType : CargoDWT : 4,125.00GRT : 2,815.00Date : 6 December 2007 –

25 January 2008Scope : Sea chest and sea and

overboard valves work wasundertaken. The fuel oilsystem for ME was modifiedand a HFO purifier wasinstalled. Tanks werecleaned. Electrical,generator, piping and valvework was done in theengine room. Safetyequipment was repairedand repairs were done tothe cargo holds, hatch coverand between decks.

MOL Elbe SPIRIT OF OCEANUS

March 2008 4/3/08, 3:16 PM32


Name : SPIRIT OF OCEANUSClient Dong Sung Engineering &

Shiprepair Co. Ltd,Country : South KoreaType : Passenger CruiseDWT : 4,835.00GRT : 3,383.00Date : 15 December 2007 –

2 January 2008Scope : Major work was done on

the ER machinery. Theengine, turbocharger andelectrical motor wereoverhauled. A newprovision crane wasinstalled and the speedlogisolation valve wasrenewed.

Subic Shipyard & Engineering

Name : MV “SUN ROUND”Owner : Sunford Shipping Ltd.Country : JapanType : Container ShipDWT : 57,904GRT : 53,359Date : 21 November –

2 December 2007Scope : Hull preservation work was

undertaken. The cargoholds and hatch cover wereupgraded. Mounting valves,safety valves and sea valves

were overhauled; the mainengine air cooler waspressure tested; The propellerblades were polished androot blade dye checked.

Name : MV “SHIN SAKAIDE”Owner : Hachiuma Steamship Co.,

Ltd.Country : JapanType : Bulk CarrierDWT : 91,625GRT : 50,238Date : 19 November –

5 December2007Scope : The cargo hold was

preserved. Painting andelectrical work wasundertaken. The mainengine turbocharger andgenerator engine governor,auxiliary boiler and safetyvalve were overhauled.

Name : MT “KUDAM”Owner : Prosafe Production Services

Pte Ltd.Country : SingaporeType : Oil TankerDWT : 101,832GRT : 62,682Date : 30 June 2007 – 26 January

2008Scope : Major work included

drydocking which took

place for bottom steel platerenewal. The water tankswere repaired. Theaccommodation deck andthe air vent head wererepaired Asbestos wasremoved and disposed.Electrical, piping andplumbing work took place.

The Netherlands

Keppel Verolme

Name : Grande San PaoloOwner : Grimaldi GroupCountry : ItalyType : CarrierDWT : 26.169GRT : 56.738Date : 7-12 February 2008.Scope : Docking and repairs to the

bow thrusters took place.

Name : Smit Barge 2Owner : Smit Fleet ServicesCountry : The NetherlandsType : BargeDWT : 13.980GRT : 5.688Date : 30 January – 13 February

2008Scope : Docking and full painting

work took place.

Grande San PaoloMV “SUN ROUND”

March 2008 4/3/08, 3:17 PM33


Keppel Group Newsbytes

Keppel Group scales new heights

Keppel Group had an outstanding year.Group revenue exceeded $10 billion andGroup attributable profit exceeded$1 billion for the first time in its 40-yearhistory. Profit before exceptional terms forthe year of $1,026 million was 37% higherthan the previous year of $751 million.Profit after exceptional items improved by51 % to $ 1,131 million.

——●——

ExxonMobil selects Keppel Energy asgas supplier

Keppel Gas, a subsidiary of KeppelEnergy has entered into a long term gassupply agreement with ExxonMobil tosupply natural gas to its facilities onJurong Island. The total contract value isexpected to be more than S$3 billion overthe contract period, based on the currentenergy prices.

——●——

Record profits for SPC

The SPC group’s revenue of $8.8 billionfor 2007 was a record achievement, animprovement of about $200 million overthe 2006 figure of $8.6 billion. The groupalso successfully accomplished its largestE&P acquisition to date.

——●——

Premier of new luxury waterfront

Singapore’s latest premier nauticaldestination, Marina at Keppel Bay, was

(From left to right) Keppel Corporation’s senior management, Teo Soon Hoe, Lim Chee Onn and Choo Chiau Beng, briefs the media and analysts on the Group’s performanceand milestones for the year 2007 and its future prospects

opened on 19 January 2008 by SeniorMinister Goh Chok Tong in a spectacularceremony which saw the arrival of thefleet in the Clipper 07-08 Round theWorld Yacht Race.

New Singapore Landmark

Singapore’s new landmark bridge at thesouthern waterfront, Keppel Bay Bridge,was named and opened on 3 January2008. It was opened by President S. R.Nathan in a grand light-up ceremonyinvolving spectacular pyrotechnics acrossits 250m span.

Keppel Bay Bridge forms part of the masterplan and infrastructure to transform Keppel Bay into a premierwaterfront precinct that integrates exclusive waterfront residences, a private marina and prime offices

March 2008 4/3/08, 3:18 PM34


Global ReachKeppel Offshore & Marine Ltd(Head Office)50 Gul Road Singapore 629351Tel: 65 6863 7200Fax: 65 6261 7719www.keppelom.com

SINGAPOREKeppel FELS Limited(Pioneer Yard 1 – Head Office)50 Gul Road Singapore 629351

(Pioneer Yard 2)55 Gul Road Singapore 629353

(Shipyard Road)31 Shipyard Road Singapore 628130

(Crescent Yard)60 Shipyard Road Singapore 628131

Tel: 65 6863 7200Fax: 65 6261 7719Email: [email protected] Persons: Michael Chia, Executive DirectorS Jaya Kumar, General Manager (Marketing)

Keppel Shipyard Limited(Tuas Yard – Head office)51 Pioneer Sector 1 Singapore 628437Tel: 65 6861 4141Fax: 65 6861 7767

(Benoi Yard)15 Benoi Road Singapore 629888Tel: 65 6861 6622Fax: 65 6861 4393

(Gul Yard)55 Gul Road Singapore 629353Tel: 65 6861 3007Fax: 65 6862 3645/7

www.keppelshipyard.comEmail: [email protected] Persons: Nelson Yeo, Executive DirectorMah Chan Wah, General Manager (Commercial – Shiprepair)

Keppel Singmarine Pte Limited15 Benoi Road Singapore 629888Tel: 65 6861 6622Fax: 65 6862 1792Email: [email protected] Persons: Hoe Eng Hock, Executive DirectorPoon Tai Lum, Deputy General Manager (Commercial/Marketing)

Offshore Technology Development Pte Ltd55 Gul Road Singapore 629353Tel: 65 6863 7409Fax: 65 6862 3465Email: [email protected] Person: Dr Foo Kok Seng, General Manager

Deepwater Technology Group Pte Ltd50 Gul Road Singapore 629351Tel: 65 6863 7163Fax: 65 6863 1739Email: [email protected] Person: Aziz Merchant, General Manager

Asian Lift Pte Ltd23 Gul Road Singapore 629356Tel: 65 6668 4222Fax: 65 6668 4333Email: [email protected] Person: John Chua, General Manager

Keppel Smit Towage Pte Ltd23 Gul Road Singapore 629356Tel: 65 6668 4222Fax: 65 6897 8056Email: [email protected] Person: Ben Chew, General Manager

AUSTRALIAKeppel Prince Engineering Pty LtdLevel 7, 3 Bowen CrescentMelbourne, Victoria 3004, AustraliaTel: 61 3 9820 9033Fax: 61 3 9866 6110Email: [email protected] Person: Charles Chiam, Director

AZERBAIJANCaspian Shipyard Company LtdSouth Bay, KMNF BasinBaku AZ1023, AzerbaijanTel: 994 12 449 9930Fax: 994 12 449 9931Email: [email protected] Person: Yan Naing Myint, President

BRAZILKeppel FELS Brasil SARua da Assembléia, n°10, 21° andar-sala 2113Centro, Rio de Janeiro, RJ, Brazil. CEP: 20011-00Tel: 55 21 2102 9400Fax: 55 21 2224 2248Email: [email protected] Person: Daniel Chang, President & CEO

BULGARIAKeppel FELS Baltech Ltd54 Debar Street, Varna 9000, BulgariaTel: 359 52 684 250/1Fax: 359 52 684 252 (Admin)Email: [email protected] Person: Lyudmil Stoev, General Manager

CHINA/HONG KONGKeppel Nantong Shipyard LtdNo. 9 Yan Jiang Road, Nantong City, Jiangsu ProvinceP.R. China 226005Tel: 86 513 8530 0000Fax: 86 513 8530 0011Email: [email protected] Person: Lee Tai Kwee, President

Keppel FELS Engineering Shenzhen Co., Ltd.3th Floor, Chiwan Petroleum BuildingChiwan Road No. 5P.R. China 518068Tel: 86 755 26851902, 86 755 26851959,Tel: 65 68637215 (Singapore Contact)Fax: 86 755 26851670Email(China): [email protected] (Singapore): [email protected] Person: Ho Jong Heng, General Manager

INDIAKeppel FELS Offshore and Engineering ServicesMumbai Pvt LtdUnit Number 3, 8th Floor, Prism Tower-AMindspace, Link Road, Goregaon (West)Mumbai 400 062, IndiaTel: 91 22 4001 8888Fax: 91 22 4001 8898E-mail: [email protected] Person: Anant Shukla, General Manager

INDONESIABintan OffshoreKampung Budi Mulia, RT.02/RW.01, Desa Sei WalangKecamatan Bintan Timur, Kabupaten BintanPropinsi Kepulauan Riau, IndonesiaTel: 62 771 462 2297Fax: 62 771 462 2298Email: [email protected] person: Leong Kum Choon, Deputy Shipyard Manager

JAPANRegency Steel Japan Ltd46-59 Nakabaru, Tobata-kuKitakyushu, Fukuoka 804-8505 JapanTel: 81 93 861 3103Fax: 81 93 861 3114Email: [email protected] person: Dr Yip Hee Yan, President

KAZAKHSTANKeppel Kazakhstan LLPSEZ “Seaport Aktau”, Aktau 130000, Mangistau OblastRepublic of KazakhstanTel: 7 3292 571 100HP: 7 300 528 4885Fax: 7 3292 571 110Email: [email protected] Person: Yick Ping Wong, General Director

NETHERLANDSKeppel Verolme BVProf. Gerbrandyweg 25, 3199 KK Rotterdam-BotlekHarbour no. 4550, P O Box 1001, 3180 AA RozenburgThe NetherlandsTel: 31 181 234300Fax: 31 181 234346Email: [email protected] Person: Harold W.M. Linssen, Managing Director

NORWAYKeppel Norway ASStrandgaten 147, P O Box 4254304 Sandnes, NorwayTel: 47 5160 2500Fax: 47 5160 2510Email: [email protected] Person: Inge Oliversen, President

PHILIPPINESKeppel Philippines Marine IncUnit 3-B Country Space 1 BuildingSen. Gil Puyat Avenue, Salcedo Village1200 Makati City, PhilippinesTel: 63 2 892 1816Fax: 63 2 815 2581, 63 2 892 4604www.keppelphilippinesmarineinc.comEmail: [email protected] /[email protected] Person: Toh Ko Lin, President

Keppel Batangas ShipyardBarrio San Miguel, 4201 Bauan, BatangasPhilippinesTel: 63 43 7271532 to 36Fax: 63 43 7271453Email: [email protected] Person: Kok Boon Heng, President

Keppel Cebu Shipyard IncDad Cleland Avenue, 6015 Lapu-Lapu City,Cebu, PhilippinesTel: 63 32 340 0081 to 89Fax: 63 32 340 0068, 63 32 340 0096Email: [email protected] Person: Fok Swee Yin, President

Subic Shipyard and Engineering, Inc.Cabangaan Point, Cawag2209 Subic, Zambales, PhilippinesTel: 63 47 232 2380Fax: 63 47 232 3350, 63 47 232 3883 to 84Email: [email protected] Person: Mok Kim Whang, President

UNITED ARAB EMIRATESArab Heavy IndustriesP O Box 529, Ajman, UAETel: 971 6 526 3232Fax: 971 6 526 3233Email: [email protected] Person: Leong Yew Kong, Managing Director

USAKeppel AmFELS Inc.PO Box 3107, 20000 South Highway 48Brownsville, TX 78523, USACell: 1 956 592 6149Tel: 1 956 838 3187 Fax: 1 956 831 6220Email: [email protected] Person: Tan Geok Seng, President & CEO

Keppel Offshore & Marine USA Inc.5177 Richmond Ave, Suite 1065Houston, Tx 77056, USATel: 1 713 840 8811Fax: 1 713 840 1198Email: [email protected] Person: Chow Yew Yuen, President

FloaTEC, LLC14701 St. Mary’s LaneSuite 250, Houston, TX 77079Main Tel: +1 281 870 5200Main Fax: +1 281 870 5210Email: [email protected]: www.FloaTEC.comContact Person: Eric H. Namtvedt, PresidentDirect Tel: +1 281 870 5556Mobile: +1 281 381 2781Email: [email protected]

Keppel Marine Agencies, Inc(Texas Office)5177 Richmond Ave, Suite 1065Houston, Tx 77056, USATel: 1 713 840 1188Fax: 1 713 840 1960Email: [email protected] /Contact Person: Michael Holcomb, President/[email protected] Person: John C Bajor, Marketing Manager

(New Jersey Office)15 Huddy Avenue, PO Box 417Highlands, New Jersey, USATel: 1 732 872 8800Fax: 1 732 872 8801Email: [email protected] Person: John J. Bajor, Director

VIETNAMKeppel FELS LimitedPetrovietnam Tower, Suite 150M9 Hoang Dieu Street, Ward 1, Vung Tau CityS.R. VietnamTel: 84 64 850098Fax: 84 64 850089Email: [email protected] Person: Henry Sng, Country Manager

March 2008 4/3/08, 3:18 PM35


K eppel Shipyard has been awarded acontract to integrate and complete anew build “Bully” drillship. Keppel

secured the contract with a company jointlyowned by Frontier Drilling and Shell.

This is the second drillship of the “Bully” rigdesign awarded to Keppel by the same owners.The first “Bully” drillship was awarded in June2007 with delivery by fourth quarter 2009.

The new hull will be built in China and is dueto arrive at Keppel Shipyard in the first quarterof 2009. The drillship is expected to bedelivered by the second quarter of 2010.

Nelson Yeo, ED of Keppel Shipyard, said,“Owners continue to see value and viability inusing Keppel to carry out the complexintegration and completion of drillships andFPSOs utilising hulls built elsewhere.

“We thank Frontier and Shell for their trust andconfidence in Keppel Shipyard in awarding usthe integration and completion phase of their

Another “Bully” at Keppel

first and now their second newbuild drillship,the Bully 2.”

The “Bully” drillships are designed to conductsurface BOP (Blow-out Preventer) drillingoperations in water depths of up to 12,000 ftand sub-sea BOP operations in water depths ofup to 8,250 ft as equipped (up to 10,000 ftcapability). The total drilling depth below thedrill floor is 40,000 ft. The drillships will alsobe equipped with ice-class hulls and fitted withDynamic Positioning (DP-2) capabilities.

Keppel Shipyard’s work scope for the Bully 2includes installation, integration andcompletion of the owner supplied powergeneration, thrusters and drilling equipmentpackages on a new hull.

In addition to the “Bully “drillship contractswith Frontier and Shell, Keppel Shipyard iscurrently working on the refurbishment andupgrading of a drillship for Frontier due fordelivery in the third quarter 2008.

The Keppel Shipyard and Frontier Drilling teams looking forward to another fruitful relationship as Nelson Yeo, ED ofKeppel Shipyard (4th from right) seals the deal with Vern Westerhout, Project Director of Frontier Drilling (6th from right)

March 2008 5/3/08, 11:46 AM36

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