Aug 24, 2010

Keppel to modify FPSO OSX-1



Keppel Shipyard Limited in Singapore has secured a contract for the modification of the Brazilian-owned FPSO vessel 'OSX-1'. The yard says the order is worth around S$50 million.
The OSX-1 is owned by OSX 1 Leasing B.V., a subsidiary of OSX Brasil S/A. Commencing in the third quarter of 2010, Keppel Shipyard’s scope of work includes procurement, detailed engineering and the modification of the topside process modules. Keppel Shipyard will work with BW Offshore, which will provide project management, engineering services and technical guidance services to the owner.

Scheduled to leave Keppel Shipyard in the second quarter of 2011, the vessel will be deployed in the Campos Basin, offshore Brazil on a 20-year lease to OGX Petróleo e Gás.

OSX Brasil S/A is a Brazil-based publicly traded company listed on the Brazilian Stock Exchange, which operates in the areas of shipbuilding, the chartering of exploration and production units (E&P), as well as operations and maintenance services (O&M). OSX belongs to the EBX Group, founded and chaired by the entrepreneur Eike Batista, which has been developing and managing business activities for almost 30 years in fields such as mining, logistics, oil and gas, real estate, energy, renewable resources and entertainment.

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