Keppel FELS sets up offshore fabrication yard on Bintan

Singapore?s rig-builders Keppel FELS Limited said Tuesday it had entered into a joint venture agreement to establish an offshore fabrication yard in Bintan of Riau province to undertake fabrication work for projects secured by Keppel FELS.

The S$6-million fabrication facility, which is located on the south-east coast of Bintan Island, will be operated by Bintan Offshore Fabricators Pte Ltd, in which Keppel FELS holds 60 percent with the balance held equally by two individual businessmen.

?This move to establish our own facilities is to ensure quality control and timeliness of project deliveries. These two factors are vital in our business. Bintan is close by, and control of work processes is therefore expected to be much easier,? said Executive Director of Keppel FELS Michael Chia in a statement on Tuesday.

Keppel FELS is a wholly-owned of Keppel Corporation, one of the largest conglomerates in Singapore with interests in offshore & marine, property and infrastructure businesses. (robert)