Keppel To Build Another Swamp Barge for PT Apexindo

Keppel Offshore & Marine Ltd has been awarded another contract to build a swamp barge from repeat customer, PT Apexindo Pratama Duta Tbk (PT Apexindo). The S$25 million contract for the swamp barge, Yani, is the third contract PT Apexindo has awarded to Keppel FELS Ltd.

The Indonesian drilling contractor earlier awarded Keppel with two other contracts, one for the new construction of swamp barge Raisa, and another for the repair and refurbishment of swamp barge Maera.

Said Mr. Tong Chong Heong, Managing Director and Chief Operating Officer of Keppel O&M, "We are very pleased that PT Apexindo has entrusted us with the construction and refurbishment of their swamp barge fleet.

"We clinched the first contract on the Raisa through a competitive bid put together as a result of the integration of our offshore and marine business. We are able to combine our expertise in rig design, project management and shipbuilding skills as an integrated entity, and offer the best price and services to our customers."

The construction of Raisa is seeing good progress and the barge was recently launched on October 22, 2002. Maera's six-month refurbishment is into its third month in Keppel FELS. Both barges are scheduled for delivery in the first quarter of 2003 for deployment in the Tunu Field of East Kalimantan for TotalFinaElf Indonesie.

Construction of Yani will take close to eight months, and delivery is scheduled for May 2003. Yani will be deployed for TotalFinaElf Indonesie in Tunu Field, East Kalimantan for period of three years.

The construction of the 226-ft swamp barge will involve detailed engineering, fabrication and procurement as well as installation of the owner's supplied equipment. Upon completion, the barge will have a drilling depth capability of 25,000 feet.


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