Keppel Shipyard unit Keppel Offshore & Marine has received floating production storage and offloading (FPSO) conversion contract from Armada Madura EPC, a joint venture between Malaysia-based Bumi Armada and India-based Shapoorji Pallonji Group.
The company has already started work on the FPSO conversion, which is planned to be completed in the third quarter of 2016.
Upon completion, the vessel will produce for the Madura Strait Block BD located 65km east of Surabaya and 16km south of Madura Island, Indonesia.
Keppel Offshore & Marine marine & technology managing director Michael Chia said: "This is our third conversion/upgrading project for the joint venture.
"We are confident that this FPSO will be as successful as our first two FPSOs, Armada Sterling and Armada Sterling II, which have been performing excellently at the D1 field and Cluster 7 field in India respectively.
"This also marks our thirteenth conversion/upgrading project for Bumi Armada."
The company also secured three repair, upgrade and modification contracts from Totem Ocean Trailer Express, Dolphin Drilling and Saipem Offshore Norway.
These contracts and FPSO conversion contract have a combined value of around S$125m ($89m).
As part of the contract with Totem Ocean, Keppel Shipyard will replace four engines, add 2,200m3 of LNG capacity and 47km of new cabling to convert the Midnight Sun roll-on/roll-off cargo vessel to operate on a dual-fuel diesel LNG propulsion system.
Under the contract with Dolphin Drilling, Keppel will be responsible for renewal survey and modification of the Belford Dolphin drillship.
For Saipem Offshore, the company will install a new 750t Abandon & Recovery winch and additional thruster as well as living quarters extension for a field development ship.