Singapore's Keppel Offshore & Marine (Keppel O&M) has clinched a floating production storage and offloading (FPSO) conversion project as well as three repair, upgrade, and modification contracts, together worth SGD125 million (USD90.3 million). The conversion project is scheduled to be completed in 3Q16, after which the FPSO will be deployed to Madura Strait Block BD, 65 km east of Surabaya and about 16 km south of Madura Island, Indonesia.
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