Rounding up a record year - Laboratory for the future 26
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December 2013
www.kepcorp.com/ekeppelite
Laboratory for
the future 26
Soaring team
spirits 33
Vibrant impressions 45
Rounding up
a record year
MCI (P) 073/01/2013
36 7
12
Contents
SUSTAINING GROWTH Making waves 32
Endorsements of expertise 4
Pact with partners
Herculean achievement 5
EMPOWERING LIVES
Drillship with a difference 6 Soaring team spirits 33
Building on 100 7 Afternoon of appreciation 36
Power lift Spurring Innovations
Innovating into the new year 38
Premium space 8
Cherished memories 40
Ties with Tianjin 9
People-building 41
Strategic appointments 10
Keppelites Abroad
Proven technologies 12 Piecing the puzzle 42
Progress in Anhui Growing leaders 43
Reinforcing bonds 13 NURTURING COMMUNITIES
Nurturing arts appreciation 44
Milestones at N-KOM 14
Vibrant impressions 45
Strong relationship 16
Honorary Fellow Go on giving 48
Linking up with regions 17 Film fiesta 50
Ode to oldies
Scaling heights in 2013 18
Keppel Volunteers
Special FOCUS Christmas with a heart 51
Laboratory for the future 26
BACK PAGE
Quality recognitions 29 Fortifying Mexican fleet 52
Festive flavours 30
Cover image: At the naming of Hercules Resilience, a KFELS Super A Class jackup rig, the management of Keppel and Hercules
Offshore celebrated their partnership which has seen two rigs delivered well ahead of schedule. (Front row, from left) Mr Choo
Chiau Beng, CEO of Keppel Corporation; Mrs Carolyn Hamilton, wife of Mr Tom Hamilton; Mr Tong Chong Heong, CEO of Keppel
Offshore & Marine (Keppel O&M); Lady Sponsor Ms Kim Riddle; Mr Tom Hamilton, Board Director of Hercules Offshore; Mr John
Rynd, CEO of Hercules Offshore; Mr Chow Yew Yuen, COO and CEO-designate of Keppel O&M.
Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower,
Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456.
Editorial Advisor
Wang Look Fung
Editor
Liang Hui Hui
Editorial Committee
Ang Lai Lee, Candice Low, Carol Huang, Chan Suan Sim, Cheryl Goh, Chew Chong Peng, Dale Lai, Donald Sng, Eileen Tan, Elizabeth Widjaja, Eva Ho, Frances Teh, Grace Chia,
Hayley Teo, Hoo Yao Lin, Ivana Chua, Lee Chin Siang, Lee Wan Jun, Lim Xuehui, Noelle Yong, Priscilla Chong, Razali Maulod, Roy Tan, Say Huan Yuan, Serena Toh,
Sue Ann Huang, Teri Liew, Tracy Pham, Vett Ramos, Woon Pek Yong, Yolanda Guo, Yu Zehan
Keppelite I December 2013 CO REG NO: 196800351N
Editorial
Near Market, Near Customer
When asked what it means for Keppel to Latin Asia Business Forum, Offshore Technology
be Near Market, Near Customer, we often speak Conference (OTC) Houston and OTC Brasil, we
about our growing global network of shipyards. amplify dialogues with our customers and industry
veterans and professionals by participating in panel
We explain how our facilities – which span the discussions, organising networking sessions and
Asia Pacific, the Gulf of Mexico, Brazil, the Middle promoting international exchanges.
East, and the Caspian Sea and North Sea regions
– allow us to deliver quality solutions and services To appreciate the ethos of our markets and
right at the doorsteps of our customers and their our partners at a deeper level, we also seek to
markets. We are close to our customers so that understand them through the lenses of arts and
we can better understand the evolving needs of culture. We do this by supporting a plethora of
the industry. cultural exchanges. For example, in November,
Keppel was the presenting sponsor of the Latin
But our shipyards are merely the most visible American Film Festival.
manifestations of our customer approach. We
have many other less tangible, less cited, but no In totality, our efforts show that being Near Market,
less significant efforts that we galvanise to engage Near Customer is not only about providing services
and connect with our stakeholders. and solutions wherever our customers need us to
be physically, but also entails embracing avenues
To keep ahead of the industry and its challenges, for a holistic understanding of the governments,
we pursue research and development (R&D) markets, companies and people we serve.
partnerships with technology bodies and academic
institutions. Last year, we announced the formation The sum of all the diverse and meaningful
of fKN – comprising FloaTEC, National University interactions with our stakeholders continue to
of Singapore (NUS), Keppel Offshore & Marine enable us to innovate solutions which are not
and Keppel Offshore & Marine Technology Centre only bold, but grounded in real understanding
– to explore solutions for offshore Brazil. Just last and anticipation of our customers’ needs and
month, we joined hands with Singapore’s National requirements. For Keppel, this is the ultimate
Research Foundation and NUS to launch a R&D objective, definition and reward of being
centre – the Keppel-NUS Corporate Laboratory. Near Market, Near Customer.
We actively participate in trade shows, technical
talks, exhibitions and conferences. At events
whether at home or far flung such as Sea Asia,
Keppelite I December 2013
Sustaining Growth
4 Sustaining Growth
Endorsements of expertise
yard in 1Q 2014. After repair
and rectification works, FPSO
Ningaloo Vision will return
for operations in the Van
Gogh field located in the
Exmouth Basin, offshore
Northwest Australia.
As for the contract with
EMAS AMC, a subsidiary
of EZRA Holdings, Keppel
Shipyard will undertake the
fabrication of an external
turret for an FSO unit.
Work has commenced and
the turret is scheduled for
completion in 2Q 2014.
Upon completion, the turret
will be delivered to STX
Keppel Shipyard and Keppel Nantong Shipyard secured another five contracts, clear market endorsements of Keppel’s extensive expertise and
Offshore & Shipbuilding in
experience in FPSO and FSO conversion, upgrading and repair works
Korea for integration with
the newly-built FSO. The
Keppel Offshore & Marine’s two new projects reflect its as well as the installation FSO will be deployed in
(Keppel O&M) subsidiaries growing newbuilding and and integration of topside West Africa.
Keppel Shipyard and Keppel fabrication capabilities.” process modules.
Nantong Shipyard (Keppel Over in China, K e p p e l
Nantong) have secured Keppel Shipyard’s contracts The FPSO will support India’s Nantong has secured two
five contracts worth about are FPSO and FSO projects national oil company Oil and contracts from Smit Shipping
$150 million in total. from Armada C7, a joint Natural Gas Corporation’s Singapore, a wholly-owned
venture company of Bumi operations in the Cluster 7 subsidiary of Royal Boskalis
Mr Michael Chia, MD (Marine Armada and Shapoorji field, located in the west Westminster Group, to
and Technology) of Keppel Pallonji Group; Apache coast of Mumbai, India. undertake the construction
O&M, said, “We are glad to Energy; and EMAS AMC. of two submersible barges.
have the support of repeat For the contract with Apache
and new customers for a For the Armada C7 project, Energy, Keppel Shipyard Work for both barges, Giant
range of offshore and marine Keppel Shipyard has will carry out steel and 5 and Giant 6, is scheduled to
projects. Keppel Shipyard’s commenced work and is piping systems renewal, commence in 1Q 2014, and
latest contracts bear scheduled to complete it in coating works, equipment to be completed by end 2014
testament to its extensive 3Q 2014. The work scope overhauling, and installation and early 2015 respectively.
expertise and experience in includes refurbishment of new equipment on Upon completion, the barges
Floating Production Storage and life extension works, FPSO Ningaloo Vision. will be deployed in Europe.
a n d O ff l o a d i n g ( F P S O ) upgrading of living quarters
and Floating Storage and to accommodate 70 Pre-fabrication work With the latest contracts,
Offloading (FSO) conversion, personnel, fabrication and for this FPSO project has Keppel O&M has secured
upgrading and repair works. installation of an internal already started. The vessel almost $7 billion in new
Meanwhile, Keppel Nantong’s turret mooring system, is expected to arrive at the orders year-to-date. keppelite
Keppelite I December 2013
Sustaining Growth 5
Herculean achievement
The Hercules Resilience marked Keppel FEL’s 19th rig delivery this year and placed
Keppel on track to round up a record year of deliveries.
Keppel FELS delivered to Sea, Hercules Resilience is as a larger deck space and FELS said, “We are proud to be
Hercules Offshore, Inc. an ultra high-specification superior accommodation able to deliver a high quality
(Hercules Offshore), their jackup rig which is also complement. Our first rig to Hercules Offshore well
second harsh environment able to operate efficiently rig, Hercules Triumph, is ahead of time and to their
KFELS Super A Class jackup in virtually all parts of the successfully working for Cairn highest satisfaction once
rig on 30 November 2013, world outside Norway and India in the Indian Ocean again. This is the Keppel
45 days ahead of schedule, the Arctic. Its enhanced leg drilling a high temperature, hallmark. Leveraging our
on budget and with a perfect design incorporates Keppel’s high pressure well. This expertise and experience,
safety record. proven high capacity rack and demonstrates worldwide we work closely with our
pinion jacking system, which versatility of the KFELS Super A customers to ensure win-win
The rig was named Hercules ensures that the rig is able to Class jackup design.” results.
Resilience at a ceremony on jack up securely in various
14 December 2013. challenging environments. The Hercules rigs have been “Our proprietary KFELS Super
customised to meet the A Class has been designed to
The first KFELS Super A Class Mr John T. Rynd, CEO of requirements of Hercules operate efficiently in a wide
rig for Hercules Offshore, Hercules Offshore, said, Offshore and are capable of variety of environments,
Hercules Triumph, was “These rigs are among the operating in water depths of especially cold climate areas
delivered in April this year, world’s most elite jackup 400 feet and drilling depths with harsh conditions. This
46 days ahead of schedule. drilling rigs. The KFELS Super of 35,000 feet. is the third such rig delivered
A Class rig provides higher and with another three
Designed for the harsh variable load, better drilling Mr Wong Kok Seng, MD on order, we believe the
environmental conditions of capabilities and cantilever (Offshore), Keppel Offshore KFELS Super A Class design
the UK sector of the North load performance as well & Marine, and MD of Keppel will become an industry
benchmark for jackups of
its class, following in the
footsteps of our KFELS B
The KFELS Super A Class jackup rig design is establishing its reputation in the market with its Class design.”
versatility, reliability and capabilities
In addition to having strong
drilling capabilities and
cantilever load performance,
the KFELS Super A Class has
a two million pound hook
load drilling system and
includes a spacious deck and
amenities to accommodate
150 men.
Keppel FELS has also delivered
a KFELS Super A Class jackup
rig to Ensco and is currently
building another three for
them. keppelite
Keppelite I December 2013
6 Sustaining Growth
Drillship with a difference
Following positive feedback and CEO-designate, Keppel drillships currently in the drillship meets the high
and strong enquiries from Offshore & Marine (Keppel operation were designed functionality, safety and cost-
the market, Keppel FELS O&M), commented, “As with and built for exploration effective requirements of
is proceeding with the all our market-established drilling, industry feedback the industry.”
building of its new CAN proprietary designs, our new has revealed the need for
DO drillship, a proprietary CAN DO drillship design vessels capable of performing Jointly developed by
design differentiated from was developed in close development and completion Keppel Offshore & Marine
current offerings. When consultation with customers, drilling, in addition to Technology Centre, the
completed in 2016, the major oil companies and exploration drilling. Since Research & Development
drillship is expected to be a vendors. The newly developed the launch of our design arm of Keppel O&M, and its
state-of-the-art deepwater design is capable of handling earlier this year, we have design partner GustoMSC,
exploration, development next generation 20,000 received very encouraging Keppel’s CAN DO drillship
and completion drilling pounds per square inch (psi) response from the market, is designed to overcome the
vessel. blowout preventers. and we have decided to start constraints of limited deck
constructing the first drillship space found in most modern
Mr Chow Yew Yuen, COO “While most modern to this design. We believe day drillships.
Apart from meeting
exploration drilling
requirements, the design
allows for the installation
of third party equipment
invariably required
for development and
completion drilling through
the incorporation of a large
functional deck space. In
addition, the drillship has a
double blowout preventer
stack integrated into the
design, and has a riser hold
capacity meeting 12,000
feet water depth with the
flexibility of storing either
75-foot or 90-foot long
risers.
The drillship has been model-
tested at the MARIN facility
in the Netherlands and has
also obtained class approval
for the basic design. A full
3D model has been created
for construction purposes.
keppelite
The CAN DO drillship, with its large functional deck space and next generation 20,000 psi blowout preventers, is poised to be the front runner
in deepwater exploration, development and completion drilling
Keppelite I December 2013
Sustaining Growth 7
Power lift
The most powerful gantry crane in
Southeast Asia is now operational.
Marking another step to Shipyard to take on large-
boost the capabilities of scale, offshore projects such
Keppel Offshore & Marine to as our ongoing Malampaya
take on large-scale offshore Depletion Compression
p ro j e c t s , K e p p e l S u b i c Platform (DCP) project.”
Shipyard, together with
its customers, celebrated The shipyard is presently
the successful addition of a undertaking the fabrication
1,500-tonne gantry crane to of the DCP for Shell
its facilities with a ceremony Philippines Exploration BV.
on 15 November 2013. This When completed, the DCP
new unit has the greatest will be deployed next to
lifting capacity of all gantry an existing shallow water
Celebrating the successful collaboration between Keppel and Ok Tedi are Captain Karo Yama cranes in Southeast Asia. platform, in the Malampaya
(left), Owner’s Representative of Ok Tedi, and Mr Toh Ko Lin (right), ED of Keppel Singmarine,
and Chairman and President of Keppel Philippines Marine
gas field near Palawan Island,
Mr Leong Kok Weng, the Philippines.
President of Keppel Subic
Shipyard, said, “Committed Apart from the gantry crane,
Building on 100 to strengthen and grow our
operations in the Philippines,
we continue to invest in the
Keppel Subic Shipyard is
extending its fabrication
space, as well as adding
development of our people, new workshops and
Keppel Batangas Shipyard “The long haul along the systems and infrastructure. machineries to build on its
marked the completion river is very challenging. I’m The 1,500-tonne gantry crane capabilities for shiprepair and
of its 100th newbuilding proud to stand here and further equips Keppel Subic fabrication work. keppelite
project, Fly Resilience, on say the name Fly Resilience
5 December 2013. The 4,000 suits it well and that it will
dwt bulk ore/fuel carrier is perform to the capabilities
a joint project with Keppel that it is built for,” said
Singmarine for Ok Tedi Captain Karo Yama, Owner’s
Mining Ltd (Ok Tedi). Representative of Ok Tedi.
Fly Resilience is named “This accomplishment is
after River Fly, the second made possible through the
longest river in the western dedication and close working
province of Papua New relationship between the
Guinea where the vessel project teams from Keppel
will operate. The vessel Singmarine, Ok Tedi and
will carry copper ore from Keppel Batangas,” said
Ok Tedi’s mines and travel Mr Toh Ko Lin, ED of Keppel
from the port town of Singmarine and Chairman
Kiunga to silo vessels at and President of Keppel
the river’s mouth. Philippines Marine. keppelite Keppel Subic Shipyard’s 1,500-tonne gantry crane greatly enhances the yard’s capability
Keppelite I December 2013
8 Sustaining Growth
Premium space
Testament that Keppel Marina Bay Financial Centre properties with an enviable Centre features a green wall
REIT’s properties remain Towers 1 & 2, One Raffles location at the heart of the which was awarded the
the preferred choice for Quay, Prudential Tower and Raffles Place and Marina Bay Guinness World Record for
corporations, all of its Bugis Junction Towers – are precincts. the World’s Largest Vertical
Singapore properties are now fully leased, well above the Garden. Three art pieces by
100% occupied after Ocean average Singapore Central “We will continue to focus internationally-acclaimed
Financial Centre became fully Business District (CBD) on maintaining a strong artists were also specially
leased. Over in Sydney, 8 occupancy of 93.5% in the portfolio of established commissioned at Ocean
Chifley Square continues to third quarter of 2013. tenants, as well as delivering Financial Centre’s public
attract established tenants. steady performance and plaza, to enrich the arts
Ms Ng Hsueh Ling, CEO of value to our Unitholders.” and cultural landscape in
Full occupancy at Keppel REIT Management, Singapore’s CBD.
Ocean Financial said, “We have steadily The latest tenants, namely
Centre signed on tenants to Linc Energy, BGC Group New tenants at
With Ocean Financial Centre’s achieve full occupancy, up and Olswang Asia, hail from 8 Chifley Square
office and newly completed from approximately 80% wide-ranging sectors and Over in Sydney, Australia,
retail space attaining full when we acquired Ocean add to the stellar line-up 8 Chifley Square saw its
occupancy, all of Keppel REIT’s Financial Centre. This attests of multinational companies occupancy rate increase to
five Singapore properties to the building being one of which have made Ocean 95% with leading financial
– Ocean Financial Centre, Singapore’s premium office Financial Centre their choice and corporate advisory firm,
business address. PPB Advisory, signing on a
10-year lease.
The 43-storey Ocean
Financial Centre has a total At 34 storeys high, the tower
net lettable area (NLA) of comprises a total NLA of
approximately 885,000 sf. about 208,000 sf, leased to
Phase Two, which comprises leading tenants including
a seven-story carpark, retail Corrs Chambers Westgarth,
annexe and underground QBE and Quantium. The
pedestrian network Keppel REIT-Mirvac owned
(UPN) was completed in office tower is located at
November 2013. the junction of Phillip Street,
Hunter Street and Elizabeth
The UPN has enhanced the Street in Sydney’s CBD.
accessibility of the building.
Tenants will enjoy even 8 Chifley Square, which
greater connectivity with opened recently in October
the opening of the new 2013, features a vertical
Downtown MRT Station, “village” concept where
which is directly linked to tenants can lease one to
Marina Bay Link Mall. three floors of contiguous,
interconnected office
In keeping with Keppel’s space that facilitates closer
commitment to contribute to collaboration between its
the cityscape with sustainable occupants. This is a significant
Featuring the world’s largest vertical green wall, Keppel REIT’s Ocean Financial Centre is
properties, Ocean Financial first for Australia. keppelite
fully leased
Keppelite I December 2013
Sustaining Growth 9
Ties with Tianjin
Reinforcing the strong ties
between the two countries,
Ms Sun Chunlan, Secretary of
the Communist Party of China
Tianjin Municipal Committee,
visited Singapore from 18 to
21 November 2013 and
called on Singapore’s Prime
Minister (PM) Lee Hsien
Loong to discuss bilateral
cooperation.
Tianjin Vice Mayor Mr Sun Wenkui (centre) and delegation were hosted to dinner on 10 December 2013 by Mr Loh Chin Hua (right), CFO and
At the meeting, Party CEO-designate of Keppel Corporation, Mr Khor Poh Hwa (left), Chairman of Keppel Infrastructure Fund Management, and other representatives
from across the Keppel Group
Secretary Sun expressed
C h i n a ’s i n t e n t i o n t o
boost collaboration with Mr Teo Soon Hoe, Senior ED
Singapore. She said that she of Keppel Corporation. The
was looking forward to more delegation was in Singapore
achievements in bilateral from 2 to 6 December 2013
cooperation, following the to learn from Singapore’s
two countries’ encouraging urban landscaping.
collaborations in significant
projects such as the Sino- The second delegation was
Singapore Tianjin Eco-City led by Mr Sun Wenkui, Vice
(Tianjin Eco-City). Mayor of Tianjin Municipal
Government. Mr Loh Chin
In response, PM Lee said that Hua, CFO and CEO-designate
Singapore deeply values its of Keppel Corporation,
relations with China and the and representatives from
government will extend full across the Group hosted the
support to bilateral projects 17-man delegation to dinner
like the Tianjin Eco-City. on 10 December 2013.
In December, another two Owing to its strong track
delegations from Tianjin record and distinct blend
v i s i t e d S i n g a p o re a n d of core competencies, the
were warmly received by Keppel Group was entrusted
senior management of the t o l e a d t h e S i n g a p o re Mr Teo Soon Hoe (left), Senior ED of Keppel Corporation, welcomed ECAC Vice Chairman
Li Dong (right) and his delegation on 4 December 2013
Keppel Group. consortium for the Tianjin
Eco-City project. The Group
A six-member delegation works in close tandem with Since breaking ground on towers, commercial hubs,
led by Mr Li Dong, Vice its Chinese consortium 28 September 2008, the schools and amenities. Today,
Chairman of the Eco-City partner to guide the 50-50 salt-pan site where the Tianjin about 6,000 residents call the
Administrative Committee joint venture in its role as Eco-City is located has been Tianjin Eco-City home while
(ECAC), was hosted to lunch the master developer of the transformed into a green some 1,000 companies have
on 4 December 2013 by Tianjin Eco-City. township with residential registered in the city. keppelite
Keppelite I December 2013
10 Sustaining Growth
Strategic appointments
Tr a n s p o r t a t i o n on Mr Loh, 52, has been with
1 December 2013. the Keppel Group for 11
years and possesses over 25
Dr Lee Boon Yang, Chairman years of experience in real
of Keppel Corporation estate investing and fund
said, “On behalf of the management spanning the
Board of Keppel Corporation, US, Europe and Asia. He
I would like to extend our was appointed as Keppel
deep gratitude and Corporation’s CFO in January
appreciation to Chiau Beng 2012 and CEO-designate
for his invaluable contribution in July 2013. Mr Loh has
and unwavering service. been supporting the CEO in
In his 42-year career with strategic business planning,
Keppel Group, Chiau Beng major investment initiatives
has served as a director and decisions, financing
on the Board of Keppel strategy, as well as investor
Corporation for 30 years. relations.
“Indeed, Chiau Beng has Prior to this, Mr Loh was
played an important role MD of Keppel Land’s real
in laying firm foundations estate fund management
upon which the Group arm, Alpha Investment
can continue to grow and Partners (Alpha), which
create value sustainably he had founded in 2003.
for its stakeholders. The Under his leadership,
directors and I are pleased to Alpha has grown its assets
welcome his successor under management to over
Chin Hua to Keppel $10.5 billion today. Prior
Corporation’s Board as we to Alpha, Mr Loh was MD
work together with the at Prudential Investment
Mr Loh Chin Hua
management team to steer Management, and held
the Group forward.” several senior appointments
in the Government of
Holistic succession date, Mr Loh will also succeed Mr Loh said, “I would like Singapore Investment
As part of Keppel Mr Choo as Chairman on to thank Chiau Beng for Corporation.
C o r p o r a t i o n ’s h o l i s t i c the Boards of the Group’s his guidance, as well as the
succession plan, CFO and key listed and non-listed Boards of the respective Bolstering leadership
CEO-designate, Mr Loh Chin subsidiaries, namely Keppel Keppel companies for their Strengthening the leadership
Hua, will be appointed as L a nd , K e pp e l Off sh o re confidence and support. in Keppel Land, Mr Yap
an executive director to the & Marine and Keppel With Chiau Beng remaining Chee Meng was appointed
Company’s Board with effect Infrastructure. as a Senior Advisor to Keppel independent non-executive
from 1 January 2014, when Corporation’s Board, the director and a member of
the current CEO, Mr Choo Mr Loh was also appointed management team and I will its Audit Committee on
Chiau Beng, retires. as a non-independent, non- continue to benefit from his 2 December 2013. Professor
executive director of Keppel rich experience and strong Huang Jing will also be
With effect from the same Te l e c o m m u n i c a t i o n s & global relationships.” appointed independent
Keppelite I December 2013Sustaining Growth 11
non-executive director with
effect from 1 January 2014.
Mr Yap was the COO of KPMG
International for the Asia
Pacific region and a member
of its Global Executive Team.
Prior to his appointment
in 2010, he was a senior
partner in KPMG Singapore
and was the Regional Head
of Financial Services in Asia
Pacific and Country Head of
Real Estates and Specialised
REITs Group in Singapore.
In his 37 years of experience
Mr Yap Chee Meng Professor Huang Jing
in the financial sector, Mr Yap
has served in the committees
of various professional and
regulatory bodies including Policy. He has published He also serves as a Senior
Singapore’s Accounting n u m e ro u s a r t i c l e s a n d Overseas Economic Analyst
& Corporate Regulatory books on China’s politics, for Xinhua News Agency
Authority and the Institute of development strategy and and is an Overseas Adviser
Certified Public Accountants foreign policy, as well as to the China Foundation for
of Singapore. on international relations in International and Strategic
Asia Pacific. Studies in Beijing.
M r Ya p a l s o h o l d s
directorships in several He was a Senior Fellow Professor Huang is
companies including SMRT for foreign policy studies currently on the Board of
Corporation, SATS, AXA at Brookings Institution Fujitsu-JAIMS Foundation in
Insurance Singapore and and Shorenstein Fellow at Japan, the Advisory Board
The Esplanade. Stanford University, as well as of the Center on China and
a Fulbright Professor with the Globalisation, as well as the
Mr Yap qualified as a UK Hong Kong City University. European-House Ambrosetti.
Chartered Accountant in He was also the Director He is also on the Steering
1981. He remains as a of Asia Studies Program Committee of the NUS
non-practising Fellow of and Associate Professor of Research Institute in Suzhou
the Institute of Singapore Political Science at the Utah and is part of the Global
Chartered Accountants and State University, and was a Agenda Council at the World
a non-practising Fellow of Lecturer on Social Studies at Economic Forum. keppelite
the Institute of Chartered Harvard University.
Accountants in England and
Wales. Professor Huang is currently
a Residential Fellow at the
Professor Huang is a Rockefeller Foundation
P ro f e s s o r a n d D i re c t o r Bellagio Centre and was
of Centre on Asia and recently named a Richard
Globalisation at the Lee von Weizsäcker Fellow
Kuan Yew School of Public with Robert Bosch Stiftung.
Keppelite I December 201312 Sustaining Growth
Proven technologies
Building on its reputation includes the design for a per day (tpd) and will be When completed, the
as the market leader for flue gas recirculation system built next to the existing entire plant is expected to
imported waste-to-energy and Keppel Seghers’ SIGMA Yangzhou I plant, which serve a population of up to
(WTE) technologies in technology for improved has a capacity of 1,000 tpd 1.5 million in the vicinity.
China, Keppel Seghers combustion control and which also uses Keppel keppelite
s e c u re d a c o n t r a c t o n a n d e n h a n c e d p ro c e s s Seghers’ technologies.
29 November 2013 to provide performances. The WTE
a technological package plant will be designed to
for the second phase of meet the European Union’s
a WTE plant in Yangzhou emission standards.
city, Jiangsu Province. The
c o n t r a c t w a s a w a rd e d This contract marks the
by the Yangzhou TEDA third WTE project awarded
Environmental Protection Co. by TEDA Group to Keppel
Ltd, a subsidiary of Tianjin Seghers, testament to
TEDA Group Co Ltd. the group’s confidence in
Keppel’s WTE technologies
Valued at 4.24 million euros as proven solutions in the
or about $7.21 million, the Chinese market.
contract includes proprietary
Keppel Seghers has secured a contract to continue providing technologies for the second
incineration grates designed The new project, Yangzhou II, phase of the Yangzhou WTE plant. The plant is expected to serve up to 1.5 million people
by Keppel Seghers. It also has a capacity of 610 tonnes when the expansion is completed
Progress in Anhui
On 21 November 2013, of Group Corporate Affairs to mark the good progress two million tonnes in cargo
Keppel Corporation’s senior Ms Wang Look Fung – visited made on the project. The port throughput year-to-date.
management – Senior the Wuhu Sanshan Port in is a joint venture between
EDs Mr Teo Soon Hoe and Anhui Province, China. Keppel Telecommunications The port visit was part of the
Mr Tong Chong Heong, and Transportation (Keppel senior management’s trip to
CFO and CEO-designate The management participated T&T) and Sinotrans Ltd, and Anhui Province, China, where
Mr Loh Chin Hua, and Director in a tree-planting ceremony has achieved more than Keppel T&T has a significant
presence. The group called
upon Vice Governor of Anhui
Province Mr Chen Shulong
to reaffirm the strong ties
and collaboration between
Keppel and the province. They
also visited Keppel Wanjiang
International Coldchain
Logistics Park, Keppel T&T’s
second project in the province.
Senior management from Keppel Corporation and Keppel Logistics participated in a tree-planting ceremony to mark the good progress made at keppelite
Wuhu Sanshan Port
Keppelite I December 2013Sustaining Growth 13
Reinforcing bonds
Water consultancy for
Zhoushan
With the establishment date, executed more than
of Zhoushan Islands New 350 water and wastewater
A re a , C h i n a ’s f o u r t h projects worldwide.
national-level development
zone, Zhoushan is On behalf of Keppel
projected to grow and Seghers, Mr Goh Toh
urbanise rapidly. Sim, Keppel Corporation’s
C h i e f R e p re s e n t a t i v e
To enhance Zhoushan’s in China, signed the
Dr Lee Boon Yang (left), Chairman of Keppel Corporation, welcomed Jilin Mayor Zhao Jingbo
water self-sufficiency in agreement with Zhoushan
anticipation of increased Municipal Government on
From north to south, the marked Keppel T&T’s maiden water demand and its 26 November 2013 at the
Keppel Group continues to step into northeaster n associated challenges, ninth meeting of Singapore-
build on strong relations with China and will provide a Zhoushan Municipal Zhejiang Economic and
Chinese partners. consolidated platform Government inked a Trade Council (SZETC). The
for the trading, storage consultancy agreement signing was witnessed by
On 13 December 2013, Dr and distribution of food with Keppel Seghers to Ms Grace Fu, Minister in
Lee Boon Yang, Chairman products. review Zhoushan’s existing the Prime Minister’s Office,
of Keppel Corporation water infrastructure Second Minister for the
warmly welcomed a nine- On 7 December 2013, a plans, water conservation Environment and Water
member delegation from delegation from Zhoushan measures, etc., as well Resources and Second
Jilin City in northern China’s City of China’s southern as the integration into Minister for Foreign Affairs,
Jilin Province. Led by Mayor province Zhejiang, led by a holistic Water Master and Ms Liang Liming, Vice
Mr Zhao Jingbo, the the city’s Party Secretary Plan. A leading provider Gover nor of Zhejiang
delegates shared about Mr Sun Jingmiao, visited of comprehensive Provincial Government.
the progress of the Sino- Keppel in Singapore. environmental solutions, Both are co-chairmen of
Singapore Jilin Food Zone Mr Michael Chia, MD Keppel Seghers has, to the SZETC.
(Food Zone) and were in turn (Marine & Technology) of
briefed on the construction Keppel Offshore & Marine,
of the Sino-Singapore Jilin and senior management
Food Zone International across the Keppel Group
Logistics Park (Logistics Park), hosted the delegation to
a joint venture between a luncheon.
Keppel Telecommunications
and Transportation (Keppel To gain a better understanding
T&T) and the Jilin Municipal of Keppel’s key businesses,
Government. the delegation also visited
Keppel Seghers’ Ulu Pandan
As the sole food logistics NEWater Plant, Keppel FELS On behalf of Keppel Seghers, Mr Goh Toh Sim (right), Keppel Corporation’s Chief
park operator within the Pioneer Yard, as well as Representative in China, signed a water consultancy agreement with Zhoushan
Municipal Government at the ninth meeting of Singapore-Zhejiang Economic and Trade
Food Zone, the Logistics Park Marina at Keppel Bay. keppelite Council (Source of photo: International Enterprise Singapore)
Keppelite I December 201314 Sustaining Growth Milestones at N-KOM November 2013 marked well-integrated facilities, and vendors for their anniversary celebrations several milestones for Nakilat- a capable workforce and tremendous support. It is was the successful delivery Keppel Offshore & Marine strong commitment to safe their trust and confidence in of N-KOM’s 200th project, (N-KOM) in Qatar. The yard and prompt deliveries, we us that has made it possible which involved repair works crossed its third anniversary, have established ourselves for us to be where we are for a Very Large Crude completed its 200th project, as a regional offshore and today.” Carrier (VLCC), M.V. Janah hosted Qatar’s Prime Minister, marine hub. We thank all our Star. The vessel is owned and garnered a prestigious partners and stakeholders, Strong track record b y Ve l a I n t e r n a t i o n a l award at the Seatrade Middle including clients, contractors Coinciding with the Marine. East & Indian Subcontinent Awards 2013. Anniversary celebrations N-KOM turned three on 22 November 2013. Employees celebrated this joyous occasion with a simple cake-cutting ceremony. Mr Abu Bakar Mohd Nor, CEO of N-KOM, shared, “N-KOM has come a long way over the last three years. With comprehensive and N-KOM employees celebrate the yard’s third anniversary on 22 November 2013 N-KOM completed repair works for the VLCC, M.V. Janah Star, its 200th project since the yard started operations three years ago Keppelite I December 2013
Sustaining Growth 15
Qatar’s Prime Minister and Interior Minister H.E. Sheikh Abdullah bin Nasser bin Khalifa Al Thani (front row, fourth from the left), along with other dignitaries and senior management from
N-KOM, NDSQ Nakilat (Qatar Gas Transport Company) and Qatar Petroleum Industrial Cities
Adullah Fadhalah al-Sulaiti, developments at the yard
Chairman of N-KOM and and given a tour of the
MD of Nakilat, said, “With facility.
the completion of the
200th project, N-KOM has The stop at N-KOM forms part
positioned itself as one of of the government officials’
the leaders in offshore and visit to the Erhama Bin Jaber
shiprepair, recognised by the Al Jalahma Shipyard area,
regional maritime industry to where N-KOM is located.
be a premium shipyard with
a full and comprehensive Repeat award
range of shipyard services.” Attesting to the yard’s strong
and growing capabilities,
Stately visit N-KOM was conferred the
Qatar’s Prime Minister and Shiprepair/Shipyard Award
Interior Minister H.E. Sheikh for the second consecutive
Abdullah bin Nasser bin year at the prestigious
Khalifa Al Thani, together Seatrade Middle East &
with Deputy Prime Minister Indian Subcontinent Awards
H.E. Ahmad bin Abdulla al 2013. Mr Albert Kee (centre), GM of N-KOM, received the Ship Repair/Shipyard Award at the
Seatrade Middle East & Indian Subcontinent Awards 2013 on behalf of N-KOM
Mahmoud and the Minister
of Energy & Industry The award was presented
and Chairman of Nakilat at a gala dinner at the
Dr Mohammed bin Saleh Al Atlantis, The Palm, Dubai, on recognition from the region’s will continue to leverage
Sada, called on N-KOM on 18 November 2013. maritime industry. This award K e p p e l ’s a n d N a k i l a t ’s
21 November 2013. bears testament to our efforts strengths and expertise to
Mr Abu Bakar said, “We to deliver our services safely enhance our competencies,
The visiting delegation are deeply honoured and with quality that meets p ro v i d i n g v a l u e - a d d e d
was updated on the latest and encouraged by this customers’ satisfaction. We services to our customers.”
keppelite
Keppelite I December 201316 Sustaining Growth
Strong relationship
“Brownsville and Singapore businesses to Brownsville is district, reaffirmed the As an integral part of
share a special relationship as vital to strengthening our partnership between the Brownsville economy
the largest private employer local economy.” Brownsville and Singapore employing close to two
in the city is Singapore- at a visit by Singapore thousand people, Keppel
owned Keppel AmFELS, With these words, Ambassador to the U.S. AmFELS was a key highlight
which has been part of the Congressman Filemon Vela, H.E. Ashok Kumar Mirpuri to of the trip. H.E. Ashok Kumar
Brownsville community since Jr., the U.S. Representative Brownsville, Texas, from 1 to Mirpuri was visiting at the
1990. Attracting additional for Texas’s 34th congressional 2 November 2013. invitation of Congressman
Vela.
Following a reception by city,
state, and federal officials
from the City of Brownsville,
H.E. Mirpuri attended a
dinner with Congressman
Vela, Brownsville Mayor Tony
Martinez, COO of Keppel
AmFELS Mr Tan Geok Seng,
as well as representatives
from the Brownsville
Economic Development
Council and the Singapore
Economic Development
Board. The group explored
opportunities to strengthen
economic relationships
between Brownsville and
Congressman Filemon Vela Jr. (left) presented COO of Keppel AmFELS Mr Tan Geok Seong (centre) with a flag which had been flown over the Singapore. keppelite
US Capitol, in recognition of Keppel AmFELS’ contributions to the community, during a visit by Singapore Ambassador to the U.S., H.E. Ashok
Kumar Mirpuri (right), to Brownsville, Texas
Honorary Fellow
For his contributions to on Mr Choo Chiau Beng, of-honour for the event. As With the title, Mr Choo joins
Singapore’s engineering CEO of Keppel Corporation with previous years, Keppel other illustrious engineers
sector through 42 years of and Chairman of Keppel O&M supported the IES w h o a re I E S H o n o r a r y
service in Keppel – which has Offshore & Marine (Keppel Annual Dinner, and its senior Fellows, including Singapore’s
grown into a conglomerate O&M), at their annual dinner management attended the Deputy Prime Minister Mr Teo
and a global leader in the on 27 November 2013. event with other industry Chee Hean, CEO of Temasek
offshore and marine industry leaders, academics and IES Holdings Ms Ho Ching,
- the Institution of Engineers Mr Heng Swee Keat, members to celebrate 47 and Chairman of the Audit
Singapore (IES) conferred the Singapore Minister for years of advancement of Committee of UOB Bank,
title of IES Honorary Fellow Education, was the guest- engineering in Singapore. Mr Cham Tao Soon. keppelite
Keppelite I December 2013Sustaining Growth 17
Linking up with regions
As a leading company in the
offshore and marine industry
with a global presence,
Keppel continues to foster
ties and connect with various
regions around the world.
In step with
Southeast Asia
Ten countries from Southeast
Asia gathered in Ho Chi
Minh City, Vietnam, from
28 – 30 November 2013
for the 10th ASEAN Council
of Petroleum (ASCOPE)
conference and exhibition
Guest of Honour for the ASCOPE 2013 exhibition, Mr Hoàng Trung Hai (center), Deputy Prime Minister of Vietnam, visited Keppel’s booth.
themed ”Innovation & Accompanying him are (from left) Dr Phung Dinh Thuc, Chairman of PetroVietnam; Mr Choo Chiau Beng, CEO of Keppel Corporation; Mr Tong
Co-operation – The Way Chong Heong, CEO of Keppel Offshore & Marine; and Mr Le Duong Quang, Vietnam’s Deputy Minister of Industry and Trade
Forward”.
meet rising energy demand ties with Africa, Keppel Asia’s growing need for
Held every four years, the i n a n e n v i ro n m e n t a l l y Offshore & Marine (Keppel energy. Singapore and Keppel
latest edition was hosted sustainable manner, explore O&M) supported the summit are ready to participate in
by Vietnam’s national oil new supply sources and as a Silver Sponsor. Dr Lee Africa’s bright future and
company, PetroVietnam. The technology, and integrate Boon Yang, Chairman of the strengthening of ties
aim of the conference was to regional energy markets Keppel Corporation, was between our regions.”
enhance co-operation in the and infrastructure. The also invited to deliver the
petroleum industry among ASEAN economies should keynote address, while Over the years, Keppel
ASEAN members, as well as work together to forge Mr Michael Chia, MD (Marine O&M has contributed to
offer members opportunities tighter alliances on LNG and Technology) of Keppel Africa’s oil and gas industry
to exchange experiences with supplies and pricing, and O&M, participated in a panel with the delivery of 23
international oil companies. the ASCOPE conference is an discussion. Floating Production Storage
ideal platform to discuss and and Offloading (FPSOs)
Representing Singapore was progress initiatives that will In his speech, Dr Lee said, and Floating Storage and
Keppel Corporation which benefit all of ASEAN.” “Africa is on the rise. Offloading (FSOs) vessels
sent a delegation led by Mr Opportunities and challenges for deployment in Africa.
Choo Chiau Beng, CEO of Connecting with lie ahead. Collaboration A total of seven rigs were
Keppel Corporation, and Mr Africa between Africa and Asia in also built and delivered to
Tong Chong Heong, CEO of The Singapore Business technology and expertise Africa, which are operating
Keppel Offshore & Marine. Federation’s Africa Business coupled with deepening i n A n g o l a , C a m e ro o n ,
Group organised the commerce, investment and Equatorial Guinea and
In his country report, Mr Choo inaugural Africa Asia Oil trade linkages will give a Nigeria. keppelite
said, “As ASEAN economies and Gas Summit 2013 boost to Africa’s growth.
grow, the region will need in Singapore on 27 and
ample supply of clean and 28 November 2013. “Africa’s rich oil and gas
affordable energy. To achieve reserves will power its own
energy security, Asia must Given Keppel’s long-standing growth as well as support
Keppelite I December 201318 Sustaining Growth
Scaling heights in 2013
With an eye on the future, will be succeeded by CFO Keppel Corporation August
Keppel celebrated its Mr Loh Chin Hua on topped several polls at the To c o m m e m o r a t e i t s
proud heritage at its 45th 1 January 2014. Institutional Investor 45th anniversary, Keppel
anniversary gala in 2013. Magazine’s All-Asia Executive Corporation committed
Even as it scaled new heights KrisEnergy, an independent Team Ranking, including $12 million to National
with a record number of rig upstream company, was A s i a ’s B e s t C E O Art Gallery’s Centre for Art
deliveries this year, Keppel listed on the Singapore (Co nglome rates) vo ted Education to benefit children
continues to strengthen its Exchange with an Initial by both buy and sell- and youths.
foundation and position Public Offering (IPO) market sides, and Asia’s Best CFO
itself to capture strategic capitalisation of $1.2 billion. (Conglomerates) voted by Keppel Group also
growth opportunities across Following the call option sell-side analysts. Keppel designated August as
all its businesses while exercise and cornerstone Corporation came in Keppel Community Month.
nurturing its people and the subscription in conjunction second in the sell-side poll Employees across the
communities it operates in. with the IPO, Keppel for Best Investor Relations Group engaged in diverse
Corporation’s stakes in and was ranked among activities to reach out to
KEPPEL CORPORATION KrisEnergy increased from A s i a ’s m o s t h o n o u r e d the underprivileged in the
15.3% to 31.4%. companies. community.
March
Keppel Corporation pledged
5,000 hours of community
service and donated
$1.5 million to the President’s
Challenge through Keppel
Care Foundation.
Keppel Corporation issued
US$200 million floating rate
notes due 2020, under the
US$2 billion Euro Medium
Te r m N o t e P ro g r a m m e
established in January 2013.
April
Ocean Mineral Singapore
was formed to explore
the ocean’s seabed for
polymetallic nodules. The
company has applied to
the International Seabed
Authority (ISA) for its first
seabed exploration licence,
which will be considered at
the ISA’s meeting in 2014.
July
Keppel Corporation committed $12 million to the National Art Gallery’s Centre for Art Education. The cheque presentation was made in the
CEO Mr Choo Chiau Beng presence of President Tony Tan Keng Yam (centre) at Keppel Corporation’s 45th anniversary gala
Keppelite I December 2013Sustaining Growth 19
Keppel Shipyard continues to secure FPSO/ FSO orders from repeat and new customers
September with the strongest adherence support of the programme OFFSHORE & MARINE
The Sino-Singapore Tianjin to corporate governance to provide students from
Eco-City (Tianjin Eco-City) in Singapore, and top six some 20 heartland schools February
marked its fifth anniversary. most preferred companies in Singapore with access Keppel FELS Brasil and
The salt-pan site has since by institutional investors to shows presented by Keppel Shipyard secured two
been transformed into a at the Alpha Southeast Esplanade. contracts worth $200 million
green township with about Asia Institutional Investor in total – from MODEC and
6,000 residents. Corporate Awards. December Toyo Offshore Production
Mr Loh Chin Hua, CFO and Systems (MTOPS) to
Keppel Corporation November CEO-designate of Keppel integrate the topside modules
became the only industrial Mr Chan Hon Chew will Corporation was appointed of a Floating Production
conglomerate and one succeed Mr Loh Chin Hua as an executive director of Storage and Offloading
of only four Singapore as CFO with effect from the Board, with effect from (FPSO) unit, and from SBM
companies to be listed as 1 February 2014. 1 January 2014. He was Offshore to fabricate an
an index component of the also appointed to Keppel internal turret for a newbuild
Dow Jones Sustainability Keppel Corporation Te l e c o m m u n i c a t i o n s & FPSO unit.
Asia Pacific Index p a r t n e re d E s p l a n a d e – Transportation’s Board as
2013/2014. Theatres on the Bay to non-independent and non- Keppel FELS secured three
relaunch Keppel Nights executive director with effect contracts worth a combined
Keppel Corporation won and cultivate lifelong from 1 December 2013, and US$300 million – for the
the Best Annual Report in arts engagement among to Keppel Land’s Board as construction of a KFELS B
Singapore and was among the young. Keppel gave Chairman with effect from
the top three companies $360,000 to Esplanade in 1 January 2014. Continues on page 20...
Keppelite I December 201320 Sustaining Growth
...continued from page 19.
Class jackup rig from Star
Drilling, for the upgrading of
the semisubmersible (semi)
ENSCO 5006 for Ensco PLC,
and for the upgrading of
the semi Ocean Patriot for
Diamond Offshore.
March
Keppel FELS secured
contracts from Mexican
drilling company, Grupo R,
to build four KFELS B
Class jackup rigs worth
US$820 million. The inauguration ceremony of the new Baku Shipyard was graced by (from left) Chairman of Keppel Corporation Dr Lee Boon Yang;
Singapore’s Senior Minister of State for Trade and Industry Mr Lee Yi Shyan; President of Azerbaijan H.E. Ilham Aliyev; CEO of Keppel O&M
Mr Tong Chong Heong, and President of SOCAR Mr Rovnag Abdullayev
April
Keppel AmFELS in Brownsville,
Texas, delivered the jackup
rig, Papaloapan, to Mexico’s
Perforadora Central on time,
within budget and with a
perfect safety record.
Keppel FELS clinched a
contract worth about
US$225 million to construct
a KFELS B Class jackup rig,
ENSCO 110.
Keppel FELS won a contract
worth US$226 million
from Falcon Energy Group,
through its subsidiary, FTS
Derricks, to construct a KFELS
Super B Class jackup rig.
May
Keppel Shipyard completed
refurbishment and
integration works for the
FPSO Perisai Kamelia for
EMAS Offshore.
June
Keppel Offshore & Marine
(Keppel O&M), through
its subsidiaries Caspian
Rigbuilders BV and Caspian
Shipyard Company, secured
a contract from Caspian The fifth accommodation semi which Keppel FELS is building for Floatel will be a sister vessel to Floatel Victory (above)
Keppelite I December 2013Sustaining Growth 21
Drilling Company, a subsidiary
of the State Oil Company of
Azerbaijan Republic (SOCAR),
to build a DSS™ 38M semi
drilling rig worth about
US$800 million.
July
Keppel FELS secured an order
worth about US$210 million
for a KFELS B Class jackup rig
from PV Drilling Overseas.
Keppel FELS secured a
contract worth US$206
million to build the fifth
KFELS B Class jackup rig from
repeat customer Grupo R.
Keppel Shipyard completed
conversion projects FPSO
OSX-2 for SBM Offshore, and
FSO Mayumba for Perenco
Group.
Keppel Corporation
announced the appointment
of Keppel O&M COO
Mr Chow Yew Yuen as CEO
of Keppel O&M with effect
from 1 February 2014.
August
Keppel FELS secured a
contract to build a KFELS
B Class jackup rig for
US$206 million from Parden
Holding.
Keppel FELS won a contract
worth about US$280 million
from Floatel International
to build its fifth
accommodation semi.
September
B a k u S h i p y a rd , j o i n t l y
developed by Keppel O&M,
SOCAR and Azerbaijan
KFELS B Class jackup is the industry’s preferred design, with 18 new orders secured this year Continues on page 22...
Keppelite I December 201322 Sustaining Growth
...continued from page 21.
KFELS Super B Class jackup
rigs for US$1.1 billion,
Record deliveries with options to build
Keppel FELS set a record by delivering 21 rigs in 2013 – the largest number of rigs
another five.
delivered by a single yard in a single year. All rigs were delivered either early or on time,
with zero lost-time incidents.
Keppel FELS secured a
No. Project
No. Project Model Model Customer
Customer contract to build a repeat
KFELS Super A Class jackup
Newbuild jackup rigs rig from Ensco for about
1 AOD I KFELS B Class Asia Offshore Drilling
US$265 million.
2 AOD II KFELS B Class Asia Offshore Drilling
3 AOD III KFELS B Class Asia Offshore Drilling Singapore’s Deputy Prime
4 ArabDrill 50 KFELS B Class Arabian Drilling Company Minister Teo Chee Hean
5 ArabDrill 60 KFELS B Class Arabian Drilling Company graced the launch of the
6 B341 KFELS B Class Gulf Drilling International Keppel-NUS Corporate
7 Dynamic Vision KFELS B Class Vision Drilling Laboratory, a Research
8 La Santa Maria KFELS B Class Constructora y Perforadora LATINA & Development initiative
9 La Covadonga KFELS B Class Constructora y Perforadora LATINA jointly established by
10 Laurus KFELS B Class Integradora de Servicios Petroleros Keppel and the National
Oro Negro University of Singapore
11 UMW Naga 4 KFELS B Class UMW Oil & Gas Corporation (NUS).
12 HAKURYU-11 KFELS Super B Class Japan Drilling Company
13 Transocean Siam Driller KFELS Super B Class Transocean Nakilat-Keppel Offshore &
14 Transocean Andaman KFELS Super B Class Transocean Marine in Qatar completed
15 Transocean Ao Thai KFELS Super B Class Transocean its 200th project.
16 ENSCO 120 KFELS Super A Class Ensco
17 ENSCO 121 KFELS Super A Class Ensco December
18 Hercules Triumph KFELS Super A Class Discovery Offshore Keppel Shipyard and
19 Hercules Resilience KFELS Super A Class Discovery Offshore Keppel Nantong secured
five contracts worth about
Newbuild semisubmersibles
$150 million in total: a FPSO
20 West Esperanza KFELS SSDT™ 3600E Seadrill
upgrading and refurbishing
21 Floatel Victory KFELS SSAU™ 5000NG Floatel International
contract from Armada C7;
a renewal and equipment
overhaul contract from
Investment Company, was October Mexico. The first phase will Apache Energy; a turret
officially opened by President Keppel FELS secured two support the construction fabrication contract from
of Azerbaijan H.E. Ilham repeat KFELS B Class of six KFELS B Class EMAS AMC; and two
Aliyev. jackup rig orders that cost jackup rigs. contracts for the construction
US$440 million in total from of submersible barges for
Keppel Shipyard secured two an affiliate of Clearwater Keppel AmFELS secured a Smit Shipping Singapore.
FPSO conversion contracts Capital Partners. contract from a subsidiary
worth a combined value of of Mexico’s Perforadora INFRASTRUCTURE
$190 million from SBM Offshore Keppel O&M signed Central to build a KFELS
and M3nergy Offshore. a Memorandum of B Class jackup rig worth January
Understanding with US$240 million. Securus Data Property Fund
Keppel O&M entered into a subsidiaries of Mexico’s Pte Ltd (Securus Fund),
sale and purchase agreement n a t i o n a l o i l c o m p a n y, November which is co-managed by
with KazStroyService Global Petroleos Mexicanos (PEMEX), Keppel FELS secured an Keppel Telecommunications
Engineering for the sale of to jointly develop, own and order from a subsidiary of & Transportation (Keppel
Keppel Kazakhstan. operate a yard facility in Transocean to build five T&T) and AEP Investment
Keppelite I December 2013Sustaining Growth 23
June
Keppel DHCS secured a
tender to design, build, own
and operate a new district
cooling systems (DCS) plant
for MediaCorp’s new campus
at Mediapolis@one-north,
and a contract to provide
DCS services to the Rohde &
Schwarz building at Changi
Business Park.
Keppel Merlimau Cogen plant
completed its expansion,
raising the total capacity of
the plant to 1,300 MW from
Keppel Merlimau Cogen plant completed its expansion in June 2013, raising its total capacity to 1,300 MW 500 MW.
July
Data Centre, which is located in Keppel Logistcs (Foshan)
Amsterdam, the Netherlands. acquired 60% stake in
Sanshui Port, in Foshan City,
Keppel Data Centres Holding, Guangdong Province, China,
a joint venture between marking Keppel T&T’s third
Keppel T&T and Keppel Land, river port in China.
will develop its third data
centre, Keppel Datahub 2, Mr Tan Boon Leng, ED,
in Singapore, adding more Keppel Infrastructure, was
than 6,000 sm of data appointed to K-Green Trust’s
centre space. Board as a non-independent
and non-executive director.
Wuhu Sanshan Port Mr Tay Lim Heng relinquished
(Phase 1) which comprises his position on the Board.
two 10,000 dwt berths,
in Anhui Province, China, August
turned operational. Keppel T&T clinched the
awards for Best Annual
May Report (Gold) and Best
Keppel Energy and Keppel Investor Relations (Silver)
Keppel expanded its presence in China with its third river port, Sanshui Port, which is located
in Foshan, Guangdong Province, China
Integrated Engineering were for Market Capitalisation
reorganised under a newly of $300 million to less than
incorporated entity, Keppel $1 billion category during
Management, achieved its developing an air logistics Infrastructure Holdings. the Singapore Corporate
second closing. hub in Singapore, adding Awards.
a p p ro x i m a t e l y a n o t h e r K-Green Trust appointed
March 350,000 sf to its warehouse Mr Lionel Chua as CFO. Keppel DHCS’ district
Securus Fund acquired a 50% capacity. heating and cooling plant in
stake in Citadel 100, a data Keppel T&T commenced Tianjin Eco-City commenced
centre in Dublin, Ireland. April work for its Tianjin Eco- operations.
Securus Fund acquired City Integrated Logistics
Keppel Logistics will be its sixth data centre, Almere Distribution Centre. Continues on page 24...
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