RafflesCity
July 8th, 2006, 06:23 PM
7 Jul 06
It clinches $260m deal for 2 vessels from Russia's Lukoil Oil Company
By CONRAD RAJ
(SINGAPORE) Keppel Corporation will become the first Asian shipyard to build ice-breakers, after securing a $260 million deal for two vessels from Russia's Lukoil Oil Company, controlled by that country's second-richest man Vagit Alekperov.
http://business-times.asia1.com.sg/mnt/media/image/launched/2006-07-07/BT_4386118_06_07_2006.jpg
Keppel won the orders amid stiff competition from the traditional builders of ice-breakers in Europe. 'This promises lots of potential,' a Keppel spokesman said. Building ice-breakers has traditionally been in the domain of the Finnish yards.'
And more contracts could come Keppel's way. Its subsidiary Keppel Offshore & Marine (Kep O&M) has also signed an agreement with Lukoil, to co-operate on potential new offshore rigs and special-purpose offshore facilities and vessels, and to service Luokoil's offshore oil terminal vessels at Kep O&M shipyards around the world.
Kep O&M is the world's biggest builder of oil rigs. It and local rival SembCorp Industries have more than 70 per cent of the global market.
Charles Foo, Kep O&M's managing director for special projects and chairman of Keppel Singmarine, which got the contracts for the ice-breakers, said: 'This partnership with Lukoil represents a milestone in the Keppel Offshore & Marine group's effort to enhance its services for the Russian energy and offshore-related market.
'As we work in partnership with Lukoil, we will endeavour to renew and strengthen our ties with other Russian owners to offer them our comprehensive range of products and services in our global yard network.'
In May 2005 and January this year, Kep O&M secured contracts from Lukoil to build two 60-tonne bollard-pull ice-class anchor handling tug/supply vessels (AHTS).
These are due for delivery between end-2006 and mid-2007.
The ice-breaker contracts - for an auxiliary icebreaker and a multi-purpose ice-breaking supply vessel - were secured on the back of the AHTS deal.
The vessels will be delivered to their owner, Lukoil subsidiary Lukoil-Kaliningradmorneft, between end-2007 and mid-2008.
To be deployed in the Barents and Arctic seas, the vessels meet the design rules and standards of the Russian Maritime Register of Shipping (RMRS) and will be customised to the owner's requirements and demanding technical specifications.
The 100-metre long auxiliary ice-breaker will be able to work in temperatures as low as minus-40 degrees and cut through 1.7 metres of level ice with 20 cm of snow cover. The 81-metre long multi-purpose ice-breaking supply vessel will be able to cut through land-fast ice up to 1.5 metres thick with 20 cm of snow cover.
Lukoil-Kaliningradmorneft is engaged in marine towing, handling crude oil and petroleum products, fabricating mobile drilling rigs, producing LPG and marketing of LUKOIL-produced fuels and lubricants.
Kep O&M's net order book now totals more than $10 billion. It includes contracts to build 28 jack-up rigs and five semi-submersible rigs. This year alone, the company has won orders for more than $4 billion of vessels.
It clinches $260m deal for 2 vessels from Russia's Lukoil Oil Company
By CONRAD RAJ
(SINGAPORE) Keppel Corporation will become the first Asian shipyard to build ice-breakers, after securing a $260 million deal for two vessels from Russia's Lukoil Oil Company, controlled by that country's second-richest man Vagit Alekperov.
http://business-times.asia1.com.sg/mnt/media/image/launched/2006-07-07/BT_4386118_06_07_2006.jpg
Keppel won the orders amid stiff competition from the traditional builders of ice-breakers in Europe. 'This promises lots of potential,' a Keppel spokesman said. Building ice-breakers has traditionally been in the domain of the Finnish yards.'
And more contracts could come Keppel's way. Its subsidiary Keppel Offshore & Marine (Kep O&M) has also signed an agreement with Lukoil, to co-operate on potential new offshore rigs and special-purpose offshore facilities and vessels, and to service Luokoil's offshore oil terminal vessels at Kep O&M shipyards around the world.
Kep O&M is the world's biggest builder of oil rigs. It and local rival SembCorp Industries have more than 70 per cent of the global market.
Charles Foo, Kep O&M's managing director for special projects and chairman of Keppel Singmarine, which got the contracts for the ice-breakers, said: 'This partnership with Lukoil represents a milestone in the Keppel Offshore & Marine group's effort to enhance its services for the Russian energy and offshore-related market.
'As we work in partnership with Lukoil, we will endeavour to renew and strengthen our ties with other Russian owners to offer them our comprehensive range of products and services in our global yard network.'
In May 2005 and January this year, Kep O&M secured contracts from Lukoil to build two 60-tonne bollard-pull ice-class anchor handling tug/supply vessels (AHTS).
These are due for delivery between end-2006 and mid-2007.
The ice-breaker contracts - for an auxiliary icebreaker and a multi-purpose ice-breaking supply vessel - were secured on the back of the AHTS deal.
The vessels will be delivered to their owner, Lukoil subsidiary Lukoil-Kaliningradmorneft, between end-2007 and mid-2008.
To be deployed in the Barents and Arctic seas, the vessels meet the design rules and standards of the Russian Maritime Register of Shipping (RMRS) and will be customised to the owner's requirements and demanding technical specifications.
The 100-metre long auxiliary ice-breaker will be able to work in temperatures as low as minus-40 degrees and cut through 1.7 metres of level ice with 20 cm of snow cover. The 81-metre long multi-purpose ice-breaking supply vessel will be able to cut through land-fast ice up to 1.5 metres thick with 20 cm of snow cover.
Lukoil-Kaliningradmorneft is engaged in marine towing, handling crude oil and petroleum products, fabricating mobile drilling rigs, producing LPG and marketing of LUKOIL-produced fuels and lubricants.
Kep O&M's net order book now totals more than $10 billion. It includes contracts to build 28 jack-up rigs and five semi-submersible rigs. This year alone, the company has won orders for more than $4 billion of vessels.