Keppel Group Newsletter Keppelite · Brownsville lauds Keppel AmFELS 42 Keppel Volunteers Springing...

Keppelite I May 2007

Keppel off to

a strong start 4

Infrastructure projects

on track 14

Pioneering music

talents 32

Keppel Group Newsletter

MAY 2007www.kepcorp.com/ekeppeliteeppel

Keppelite

MICA(P) NO. 045/11/2006

Uniquely Singaporetakes to the watersUniquely Singaporetakes to the waters


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 AdvisorWang Look Fung

EditorGrace Chia

Editorial CommitteeAndrea Lee, Andrew Ong, Ang Lai Lee, Clara Ko, Diana Chan, Fatima Lay, Gayathri Prakash Nair, Ivana Chua, Kelvin Ng, Lai Siang Chin, Lee Yin Chiin, Low Hooi Hoon, Mak Chui Ling,Mohd Nor Nordin, Nicole Ma, Nicole Tan, Pamela Almeda, Phang Weng Onn, Quek Mong Song, Roy Tan, Sarah Seah, Serena Toh, Tan Geok Hong, Teo Chang Ching, Teri Liew, Woon Pek Yong

Contents

CO REG NO: 196800351N

eppel

BUSINESSStrong start to 2007 4

Building growth engines 7

Making good progress 9

Broadening earnings base 12

Infrastructure projects on track 14

KMC commences operation 15

Enhancing diesel clean fuels capability 16

Expanding ties with Middle East

Labour recognition on May Day 17

Keppel showcased at the energy capital of the world 18

Nurturing a safety culture 20

Special FocusUniquely Singapore takes to the waters 22

Green InitiativesEngineering a greener future 26

Marina Bay Residences achieves Green Mark Award 27

Prompting preparedness 28

Safety, the Keppel way

Executing for success 29

International impressions 30

Sharing offshore and marine insights 31

Promoting research knowledge

PEOPLEPioneering music talents 32

Seeding the future 33

Keppel women making waves abroad 34

Keppelites AbroadKen-do in Kazakhstan 36

Pursuing the Singapore Dream 37

TEAMMeeting the challenge of Rising Beyond 38

Union gets new ExCo 39

Web of wellness

Food trail in Taiwan 40

COMMUNITYRaising funds for life 41

Volunteer to go green

Brownsville lauds Keppel AmFELS 42

Keppel VolunteersSpringing interest in NEWater 43

BACK PAGEKeppel AmFELS delivers first Scorpion rig 44

41

9 16


Editorial


Safety in our DNA

The Singapore economy is of the first world’s

standard, but we cannot say the same for our

country’s workplace safety record.

Singapore’s industrial accident rate is higher than

that of Western Europe. In recent years, with a

spate of industrial accidents, workplace safety has

come very much under the spotlight.

The Singapore government has tightened the

screws, and has set a national target of 2.5 fatalities

per 100,000 workers by 2015. The effort is

beginning to bear fruit. With active buy-in from

the private sector, we are witnessing some decline

in accident rate at the national level.

Here at the Keppel Group, we are fully committed

to workplace safety (see page 20-21). We have

come a long way in driving safety initiatives in the

last 10 years, and have seen significant

improvements, particularly in our offshore and

marine division. It is, however, still not enough.

One incident is one far too many.

Safety of our people is very important to us. We

want to see everyone who comes to work return

home safely to their family. Besides, there is a good

business case for the promotion of workplace

safety. Imagine the disruption to work, the amount

of manhours lost and the damage to property an

accident can cause. All these are translated into

immediate loss to the bottomline of the company.

There is also the high unquantifiable cost to our

business when we are callous about the safety of

our people. The loss of our reputation and goodwill

with our stakeholders is just too tremendous in

today’s marketplace. Employees would lose their

trust in the company and would not put in their

best effort at work. Customers and business

associates would avoid doing business with us.

Investors would spurn us. The general public could

turn their sentiments against us and would not

buy our products and services.

Safety consciousness has to become second nature

to everyone of us, from the Board of Directors

and management to the individual worker on the

shop floor. Safety has to be a top item on our

agendas. It has to become a core value etched into

our corporate DNA.

While we may never completely eliminate incidents

as long as we are in business, we can know that

safety has become an integral part of us.

When we actively take care of our own safety as

well as that of our colleague working next to us,

you know safety has been ingrained in us.

4 Business


4 Business

Keppel Corporation started2007 on a strong note withGroup attributable profit of$252m and earnings pershare of 31.9 cents, thehighest quarterly earningsand EPS ever attained.

Economic Value Added of$160m was also a recordhigh. Annualised return onequity of 19.2% was animprovement over 2006’s19.1%.

HIGHER GROUPREVENUEIn the quarter, Grouprevenue of $2,028m was$484m or 31% above that

Strong start to 2007of the corresponding periodin 2006.

Revenue from the Offshore& Marine Division of$1,536m was 26% higher,contributing three-quartersof Group revenue. Thestrong revenue wasunderpinned by the healthyorderbook of the Division.

Revenue from the PropertyDivision more than doubledto $318m from the previousyear. This was due to higherreturns from the sale ofrecently launched projectsand progressive revenuerecognition of its current

trading projects. Rentalincome from investmentproperties also improved dueto higher rental rates andoccupancy.

At the Keppel Land level,revenue was $295m, upby 148.3% over the$119m recorded for thecorresponding quarter lastyear.

The increase was due largelyto sales from the newlylaunched The Sixth AvenueResidences, and the strongperformance of the group’sother current tradingprojects.

Revenue from theInfrastructure Divisionimproved slightly to $163m.Under this Division, KeppelCorporation’s 81%-ownedsubsidiary KeppelTelecommunications &Transportation (Keppel T&T)reported revenue of $21.5m,about 10.9% lower than thecorresponding quarter lastyear.

IMPROVED PROFITSGroup profit before tax of$360m was 41% higherthan the first quarter lastyear due to increasedcontributions from theOffshore & Marine, Propertyand Infrastructure Divisions.

The Ulu Pandan NEWater plant came on stream in 1Q07 and is expected to contribute to the Infrastructure Division’s performance

Business 5


The Offshore & MarineDivision reported higherprofit of $186m , 51% abovethe previous year. The betterperformance was due toimproved operating marginsand strong cashflow.

Profit from the PropertyDivision increasedsignificantly by 82% to$91m .

At the Keppel Land level,group pre-tax profit was$83.8m or 81.4% higherthan that of 1Q2006.

This was due to maiden

contributions from The SixthAvenue Residences andMarina Bay Residences, andhigher contribution from thegroup’s other current tradingprojects.

The Infrastructure Divisionmade encouraging progress,contributing $13m or 4% toGroup pre-tax profit.

Profit from SingaporePetroleum Company (SPC)was higher with improvedrefining margins, firmdemand for refined productsand higher product prices.However, the Group’s other

investment income waslower.

The income tax expenses ofthe Group included a write-back of $18m for deferredtax as a result of thereduction in Singapore’scorporate tax rate from 20%to 18%.

After taking into accounthigher minority share ofprofit, the attributable profitto shareholders of $252mwas $82m or 48% higherthan the correspondingperiod in 2006.

1Q2007 FINANCIAL RESULTS SUMMARY FOR THE KEPPEL GROUP

Company PATMI* (S$M) %YOY EPS# (CENTS) %YOY

Keppel Corporation 251.6 48.2 31.9 47.7

Keppel Land 62.5 71.9 8.7 70.6

Keppel T&T 11.8 20.8 2.1 16.7

SPC 112.1 65.1 21.7 63.6

* Before exceptional items# Basic EPS

The Offshore & MarineDivision remains the largestcontributor to attributableearnings with 60%, followedby Investments with 21%,Property Division with 15%and Infrastructure Divisionwith 4%.

PROSPECTSThe good start in the firstquarter has put the Group ina strong position to achieveits earnings target of adouble-digit average growthrate for the current year.

With its strong orderbook ofapproximately $10b, theOffshore & Marine Divisionis expected to contributesignificantly to the Group’sresults. The Division hassecured $1.5b worth ofnew orders to date. Thefundamentals of the industryremain robust underpinnedby firm crude oil prices anddepleting global reserves.

With its sterling portfolio of office buildings such as the Marina Bay Financial Centre (seen here), the Property Division is expected to benefit from the increased demand for prime office space

Continues on page 6...

6 Business


Based on potential prospectsand enquiries, the order flowoutlook is positive.

The expected growth andinvestment in the Asia-Pacificregion will fuel demand forrefined products benefitingSPC. However, the scheduledmaintenance of SingaporeRefining Company’s Crude

Distillation Unit for 25 dayswill reduce throughput byabout 9% in the secondquarter.

Contribution from upstreamactivities is expected toincrease with thecommencement of oilproduction from the Oyongfield later this year.

...continued from page 5.

Contribution from the Offshore & Marine Division remains positive with earnings visibility into 2010

Private residential prices inSingapore continued tostrengthen especially inprime and niche markets.Against the backdrop ofstrong demand for premierresidential living, theGroup launched its iconicwaterfront development,Reflections at Keppel Bay, inApril. About 90% of the

350 units launched were soldat prices averaging about$1,900 per sq ft.

The financial performance ofthe Property Division will beboosted by the revenue andprofit recognition of thisproject and other existingtrading projects in Singaporeand the region.

The projected demand ofnew prime office space inSingapore is forecasted tooutstrip new supplies for thenext few years. The PropertyDivision, with its significantportfolio of office buildingsin the Central BusinessDistrict, is expected tobenefit from increasing rentalrates and higher occupancy.

The Keppel Merlimau Cogenplant, the NEWater plant andthe power barges in Ecuadorhave all commencedoperations. These additionsare expected to increase theInfrastructure Division’scontribution to the Group’sprofitability. keppelite

About 90% of the launched units of Reflections at Keppel Bay was sold at prices averaging about $1,900 per sq ft

Business 7


FINANCIALPERFORMANCEI am pleased to report thatthe Group achieved a PATMIof $252m in 1Q2007. This isan increase of 48% over thesame period last year.

We continued to improve onall our key performanceindicators. Based on ourperformance for 1Q, I believethat our balance sheetstrength coupled with strongcashflows from operations

Building growth enginesKeppel Corporation delivered a strong set of results for 1Q2007 and continuesto strengthen its key businesses to pursue further growth opportunities.Keppelite reproduces Executive Chairman Mr Lim Chee Onn’s remarks at thewebcast of the Group’s 1Q results on 26 April 2007.

will enable us to continue toseize opportunities as theyarise.

GROWING BEYOND –MARKETS ANDCUSTOMERSDuring the first quarter,we continued to leverageresources across our variousbusinesses to successfullypursue growth opportunities.Let me elaborate andhighlight the networks ands y n e r g i e s t h a t w e

continuously harness as aGroup.

We achieved another inroadinto the Middle East market.Keppel Offshore & Marine(Keppel O&M) will bedeveloping a new shipyard inQatar with its partner, QatarGas Transport Company. Wewill provide our expertise todesign, build and managethe yard. This strategicinitiative will further entrenchour participation in thegrowing Liquefied NaturalGas (LNG) market, in whichKeppel O&M is currentlyconverting the world’s firstLNG Floating Storage Re-gasification Unit (FSRU), aswell as in FPSO and FSOconversions.

M e a n w h i l e , K e p p e lIntegrated Engineering (KIE)is progressing well on theintegrated solid wastemanagement facility inQatar, following its successful$1.7b contract win inSeptember last year. We arestudying the opportunitiesfor our other business unitsnow that we have a strategicbeach head in the MiddleEast.

Likewise, the Group is alsowell positioned to leverage

Vietnam’s strong economicgrowth. It is a market inwhich the Keppel brandname is already widelyrecognised and highlyregarded.

We were amongst the earlybusinesses to establish apresence there. Over the lasttwo months, Keppel Landhas sewn up two more jointventures to build primeresidential homes in Ho ChiMinh City.

In March this year, KeppelO&M delivered Vietnam’sfirst fully-owned jackup rigto PetroVietnam twomonths ahead of schedule.PetroVietnam has indicatedtheir interest in setting up arigbuilding yard along theVietnamese coast in its effortto develop into a key regionaloil and gas hub with theirproven oil reserves. We arestudying the opportunitiesfor us to be a valued partnerin its growth.

As it stands, our Oil & Gasarm, Singapore PetroleumCompany (SPC) already holdsparticipatory interests in oiland gas acreages in offshoreVietnam.


Mr Lim Chee Onn shared on Keppel’s commitment to strengthen the Group’s key businessesas it pursues further growth opportunities

8 Business


Vietnam is a market in which the Keppel brand is highly regarded. PV Drilling I (seen here), aKFELS B Class jackup rig, was delivered to PetroVietnam two months ahead of schedule inMarch this year

In the competitive Chinesemarket, KIE has been steadilystrengthening its marketleadership. In the last 12-15months, it has securedseveral contracts to providesolid waste and watertreatment technologies andservices in Suzhou,Zhongshan, Changshu,Shenzhen, Tianjin andJiangyin. These contractsfurther strengthen Keppel’spresence in these markets asKeppel Land already operatesin some of these cities.


In summary, the global arenacontinues to present growthopportunities for the Group.Understanding thesemarkets is an intangible yetvaluable competency withinKeppel. This, combined withour technology leadership,will enable us to continue toextend our global footprinteffectively and efficientlybeginning with our homebase.

As an example, owing toprudent investment and the

Keppel is Singapore’s largest developer and operator of prime office space and will remain soover the next few years

strong and improving officemarket in Singapore, Keppelhas become the largestdeveloper and operator ofprime office space and willremain so over the next fewyears. This is clearly a resultof building on our strongtrack record as a qualitydeveloper of prime officebuildings in the SingaporeCentral Business District. Weshall apply this expertise inother key Asian cities and yetmaintain our asset-lightapproach by working withK-REIT Asia and throughother similar arrangements.

Over the course of this year,it should become clearerthat the Group’s earningswill be more broad-based,with higher contributionsfrom Property andInfrastructure. We arepursuing several initiativesthat will build even morerobustness into our businessmodels. This underscoresthe very heart of the Group’sstrategy. It is to build eachof our key business unitsinto a strong growth engineproviding sustainableearnings. keppelite

Business 9



FINANCIALACHIEVEMENTS ANDHIGHLIGHTSI am pleased to reportearnings of $252m for thefirst quarter of 2007.

Both our PATMI and EPSgrew strongly by 48%compared to the same periodlast year. PATMI and EPS werethe highest-ever achieved fora quarter.

Annualised ROE, afteradjustments for some one-offs, increased to 19.2%.EVA also improved from$75m last year to $160m forthe first quarter this year.

Net gearing was reducedfurther to 20%.

Revenue grew by 31% to$2b. Group operatingmargins have improved,attributable largely to theOffshore & Marine Division.

A write-back of $18m fordeferred tax was made as aresult of reduction inSingapore corporate tax rate.

SEGMENTALPERFORMANCEOffshore & Marine recordeda 26% increase in revenueon the back of a healthyorderbook.

Making good progressKeppel Corporation‘s strong 1Q2007 results sets the tone for a robust year ahead.Keppelite reproduces Group Finance Director Mr Teo Soon Hoe’s speech duringthe results webcast briefing.

Property Division registeredtwice the revenue achievedin the same period last year.Property Division attained themost significant increase of82% in pretax profit, spurredby contribution from TheSixth Avenue Residences andthe Marina Bay Residences.

I n f r a s t r u c t u re m a d eprogress, contributing $13mto Group pre-tax profits.

This is another record quarterfor Offshore & MarineDivision, with PATMI almostdoubling that of 1Q2006.

Property Division has begunto reap the fruits of both thebuoyant Singapore andregional property markets,with an impressive 73%growth in PATMI.

Infrastructure Division madeprofits for the secondconsecutive quarter.

CONSISTENT EARNINGSAND EVA GROWTHWe are indeed pleased withour first quarter earnings andEPS of almost 32 cents. Thisquarter’s performance has infact surpassed the half yearresults that we achieved inyear 2004.

A strong start to the year as PATMI and EPS broke new records

Keppel has scope for more environmental projects around the world to strengthen its globalfootprints

10 Business



We achieved an $85m deltain EVA, quarter-on-quarter.EVA stood at $160m as at1Q2007, reflecting theGroup’s continued quest tocreate shareholder wealth.

HEALTHY FREECASHFLOWFree cashflow generated in1Q2007 amounted to almost$150m. This is due to highercash inflow from operatingactivities mainly fromstronger operating profit andworking capital.

Investing activities cashflowwas also higher due toinvestment in the Marina Bay

Financial Centre (MBFC)Phase II and highero p e r a t i o n a l c a p i t a lexpenditures for Offshore &Marine.

BUSINESS REVIEW &OUTLOOK

Offshore & MarineAlthough only $600m ofnew orders were secured forthe quarter, an additional$900m of orders weresecured in the month of Aprilalone. Our net orderbookas at end of first quarterremains at around $10b. Thisincludes a repeat order for anew rig slated for delivery in

2010, sustaining ourearnings visibility for thenext four years.

Besides high level ofenquiries for jackup rigs andsemisubmersibles, we arealso expecting moreconversion and shipbuildingcontracts. Based on potentialprospects in the pipeline, theoutlook for order flow thisyear remains strong.

With the large amount ofundeveloped deepwaterresources, there is higherpotential for E&P projects togo into deeper drilling. Thiswill benefit the Offshore &

Marine Division as we havethe skill sets and track recordto meet our customers’requirements.

Our new joint venture inQatar will tap on ourexpertise in the repair of LNGcarriers, FPSO and FSOconversions.

Oil & GasRefining margins reboundedin the first quarter this year,after the declines in the lasttwo quarters of 2006.

SPC continues to expand itsE&P business through theacquisition of upstream

The Offshore & Marine Division is expecting more contracts for FPSO and FSO conversions

Business 11


assets. It has grown itsportfolio outside ofSoutheast Asia, through anewly acquired block inAustralia. It is also seeking toincrease its stake off thecoast of Cambodia.

PropertyThe growth of the primeresidential market inSingapore was propelled bythe inflow of expatriates andoverseas investors in theAsia-Pacific region. As such,there has been an increasedshare of private homesbought by foreigners.In addition, the rise innumber of high-net-worth-individuals in Singaporeoffers good opportunity forthe luxury residential market.

We recently launched theunique iconic project,Reflections at Keppel Bay,featuring 1,129 luxuryapartments which offerwaterfront lifestyle withmarina amenities. Highselling prices have beenachieved for the initial unitslaunched with about 90%sold.

Projected demand for primeoffice space is expected tooutstrip new supplies until2010. The situation isaggravated by the reductionof stock as old buildingsare withdrawn forredevelopment.

Keppel Land and itsconsortium have recentlyexercised the option topurchase Phase II of theMBFC.

Saigon Sports City, a 3,000-unit integrated township development in Ho Chi Minh City, willmeet the rising Vietnamese middle-class aspirations for quality housing

Together with MBFC Phase I,its existing office portfolio,and the potentialredevelopment of OceanBuilding in the prime RafflesPlace area, our PropertyDivision is likely to be a keybeneficiary from the tightsupply and appreciatingoffice rental in the CBD.

K-REIT Asia aims to achievethe target portfolio size of$2b over the next fewyears. It is actively seekingacquisitions of primecommercial properties inSingapore and other growthcities in Asia. We are the

largest Prime Grade A officedeveloper in the CBD.

Outside of Singapore,Property Division continuesto pursue regional expansionwith more investmentsinto Vietnam. Vietnam’svibrant economic growth,its accession into theWorld Trade Organisation,favourable demographicsalong with other positivefactors, is expected to drivethe demand for quality homeownership.

Villa Riveria, an exclusive101-unit waterfront villa

development with a scenicfrontage along Saigon River,has been fully sold. We arecurrently developing SaigonSports City, a 64-ha master-planned integrated townshipdevelopment comprisingresidential, commercial, andretail components in Ho ChiMinh City.

We have made two other siteacquisitions recently, a 4.8-haprime site in Ho Chi MinhCity to build 1,500 qualityapartments, and anotherto develop 500 primewaterfront condominiumsfacing the Saigon River.

InfrastructureOur Infrastructure projectshave been making goodheadway since the beginningof this year. Keppel MerlimauCogen plant, NEWater Plantand power barges in Ecuadorhave all commencedoperations.

The concerns of climaticchange and global warminghave resulted in measurestaken to control pollutionand greenhouse gasemission. Our suite ofenvironmental solutions andtrack record has put us in astrong position to pursuewaste management projectsin the Asia Pacific region.

OUTLOOK FOR 2007The Group has made a goodstart to the year 2007 and Ilook forward to reportanother year of record profitsto our shareholders in duecourse. keppelite

12 Business


On order flow for O&MCCB: Our orderbook is up to2010 and we are in no hurryto push our orderbooktoo hard due to theunpredictability of costs andcurrencies. When the rightprojects and margins arethere, we will go for them.We are quite comfortablewith what we have and ourfocus is on execution anddelivering results to ourshareholders.

One quarter does notdetermine the whole yearand we are quite confidentthat order flow for this yearremains strong.

On capabilities beyondjackupsCCB: We do not want toalways compete at the lowerend of the market. We go forthe niche segments of theindustry.

We have over 25% of theworld’s market in newbuildsemisubmersibles (semis).Altogether we have about10 newbuild semis that we

Broadening earnings baseKeppel Corporation’s senior management fielded questions from the media,investors, analysts and the public during the 1Q2007 results webcast and theAnnual/Extraordinary General Meetings (AGM/EGM) held on 26 and 27 April 2007respectively.

will deliver from now until2010.

In Brazil, we are building thetwo of Petrobras’s largestproduction platforms – theP-52 and P-51. These areworth over US$1.5b.

In fact, Petrobras isnegotiating with ourconsortium, of which weown 75%, for the P-56 whichis a repeat of the P-51.

On Infrastructure’sturnaroundTSH: The Division hasreturned to profitability.Whether or not it will reach10% of the Group’s totalprofit really depends on whatthat figure is going to be. ButI would say that we haveturned around quite stronglyand I am confident that it willbe a meaningful contributionto our bottom-line by theend of this year.

On environmentalengineering businessesCCW: Our Qatar project isprogressing on schedule and

With our multi-business strategy, Group earnings will become more broad-based withcontributions coming from all Divisions

RESULTS WEBCASTThe on-line audience put forth a number of topics to seniormanagement, ranging from the Offshore & Marine Division’sstrengths in the production market to the growth of theInfrastructure businesses.

Business 13


we should be able to hit ourmilestone completion ofabout more than 20% in2007. The project is slated forcompletion in 2009.

In terms of ordermomentum, there are lots ofupcoming tenders for waterprojects in Saudi Arabia,Abu Dhabi and Qatar.

More than that, in Europe,we see opportunities in thewaste to energy (WTE)business in view of the banof landfills starting inGermany, a leader inenvironmental protectioninitiatives. As such, weexpect these initiatives to bepassed throughout the entireEU region. We also expectsome opportunities in theWTE segment in SoutheastAsia and Asia.

On the likelihood of aninfrastructure trustTSH: We have several assetsthat we are managing andoperating. Once we haveenhanced our operatingcapability to a certain level,it might be a good idea tolook at it.

On the cogenerationplantOTG: We have been sellingelectricity to the market sinceOctober last year when westarted our commissioningprogramme. The plant’sperformance is better thanwhat we have contracted.

We will be selling all ourenergy to the pool and ourretail company, Keppel

Electric, will contract withretail customers directly.

On SPC’s higher refiningmarginsCCB: Despite the fact that abig cracker was underrenovation this quarter, therefinery has very highperformance and highavailability, so that we cancapture the margins whenthey are available.

On capital managementTSH: Our cashflow hasindeed been strong. Ourgearing has come down butwe are still producing positiveEVA. In fact for the quarter,our ROE continued toimprove. This gives us a verygood position from which togrow our businesses.

We are already paying out28 cents of capitaldistribution, and I believe wewill continue with our highpayout ratio of some 50-60% in the next few years.

Sheth Remash: I mustcongratulate you for doingsuch a good business in thequarter...(turning toshareholders) You knowwhat the price wasyesterday? $21.70 (N.B.Price is prior to stock split).How can you sell theshares?...That’s why I nevertouch Keppel Corporation’sshares. Leave it like that...Lastyear, Keppel Corporation’sprofit rose 33%. Can we sayanything about them (theBoard) not doing their jobproperly? They are doing aSuperman job and we haveto support him (Chairman).keppelite

Keppel Board members at the AGM/EGM

AGM/EGMAddressing shareholders at the AGM/EGM, our Directorshighlighted the importance of project execution and therationale of the sub-divison of Keppel Corporation’s sharesfrom one into two. During the meeting, shareholders alsotook the opportunity to express their sentiments about theCompany. Keppelite highlights the comments from oneshareholder.

TSH – Mr Teo Soon Hoe,

Group Finance Director and

Senior Executive Director of

Keppel Corporation

CCB – Mr Choo Chiau Beng,

Senior Executive Director of

Keppel Corporation,

Chairman & CEO of Keppel

Offshore & Marine, Chairman

of SPC

CCW – Mr Chua Chee Wui,

CEO of Keppel Integrated

Engineering

OTG – Dr Ong Tiong Guan,

MD of Keppel Energy

14 Business


Infrastructure projects on track

QATARKeppel IntegratedEngineering is making steadyprogress in the execution ofthe contract that it securedin October 2006 for theEngineering, Procurementand Construction of the firstintegrated solid wastetreatment facility in theMiddle East at Qatar.

Over 100 staff are workingon the design of the facilityin Singapore and BelgiumDesign Hubs together withthe project’s appointed civiland structural consultants.

Said Mr Geoffrey Piggott,Project Director, “We areundertaking the project ona ‘fast track’ basis with thedesign team focused on

getting out early workspackages to allow the civiland foundation works tocommence whilst the designand procurement of majorequipment continues.”

The early works packages,expected to commence in3Q2007, include bulkearthworks to create thevarious platform levels atthe Domestic Solid WasteManagement Centre(DSWMC), as well as majorfoundations for heavystructures and equipmentand below ground sub-structure works, includingWaste-to-Energy (WTE)bunkers.

On the challenges facedwhen designing the facility,

Mr Piggott added, “Theproject is large and includesvarious processes, structuresand infrastructure. The mainDSWMC will ultimately coveran area of 2km by 1.5km.

“It requires the developmentand operation of a highlyefficient and integratedmulti-disciplinary designteam operating in differentlocations. This is a majorchallenge and involves realteam spirit, close liasion andregular design co-ordinationmeetings.”

Meanwhile, a number ofparallel activities are goingon, including undertakingan Environmental ImpactAssessment in accordancewith Qatar environmental

legislations, preliminarysiteworks, constructionplanning and preparation ofWorkers AccommodationComplex.

Designed to treat an initialcapacity of more than 1,550tonnes of waste a day, theDSWMC will comprisewaste-sorting and recyclingfacilities, landfill, compostingplant and a 1,000 tonnes perday WTE incineration plant.The WTE plant utilisingKeppel Seghers’s water-cooled grate technology isthe heart of the integratedwaste treatment facility.

Other Keppel Seghers’stechnologies to be deployedin the DSWMC include theDano Drum system for

The DSWMC will be equipped with Keppel Seghers’s state-of-the-art solid waste treatment technology

Business 15


Keppel Energy’s 500MWcombined cycle power plant,Keppel Merlimau Cogen(KMC), commencedcommercial operations inApril 2007.

Located on Jurong Island, the

KMC commences operationgreenfield developmenttook just two years tocomplete. First piling forthe construction began on31 March 2005.

At 11.08 am on 31 October2006, the plant achieved

synchronisation when thefirst of its two gas turbinessuccessfully sent across thefirst MW of power to theSingapore power gridnetwork.

Said Dr Ong Tiong Guan,

MD of Keppel Energy, “Weare pleased to havecommenced operations. Theproject plays an importantrole in providing a platformfor Keppel Energy tofurther participate in thisderegulating energy market”.

Keppel Energy will leveragethe KMC projectinfrastructure to provideutility services to consumerson Jurong Island.

In addition, Keppel Energy,with its secured long termsupply of natural gas, willposition itself to provide anintegrated service both as ashipper and marketer of gasand electricity.

KMC is licensed to generateup to 1,400 MW. keppelite

KMC’s operational commencement is timely with Singapore’s rising demand for electricity, fuelled by robust economic growth

recycling and pre-treatmentof waste, the RotaryAtomiser semi-dry systemfor flue gas treatment andthe Unibrane™ membranebioreactor system forwastewater treatment.

SINGAPOREConstruction of Singapore’snewest WTE plant at TuasSouth by Keppel SeghersEngineering Singapore isprogressing on schedule.

Mr Goh Chin Aik, ProjectDirector of Keppel SeghersTuas WTE Plant, said, “The

good teamwork betweenengineers from Singapore,Belgium and China, as wellas strong support frommanagement, have enabledthis project to progresssmoothly.”

Piling work on site wascompleted in mid-April2007. This marks the nextmilestone since KeppelSeghers held agroundbreaking ceremony inOctober 2006.

About 90% of the plant’sengineering works has

been completed. Presently,substructures such as wastestorage bunker, sumps,sewers and concrete slabsare being built. Constructionof the superstructure isexpected to commence inJuly 2007.

Keppel Seghers was awardedthe 25-year Design-Build-Own-Operate contract bythe National EnvironmentAgency early last year, underthe Public-Private Partnershipinitiative.

When completed in 2009,

the plant will be able to treat800 tonnes of solid waste aday to generate more than20MW of green energy,contributing to Singapore’selectricity supply.

The plant is designed byKeppel Seghers’s engineersincorporating its in-housetechnology such as the air-cooled tumbling grates,boiler, rotary atomiser, andflue gas treatment system.keppelite

16 Business


Singapore Refining CompanyPrivate Limited (SRC), jointlyowned by SingaporePetroleum Company andChevron, has awarded anengineering, procurementand construction contract(EPC) to JGC Corporation, anengineering and constructioncompany specialising inrefinery construction andupgrading, for a revamp ofSRC’s hydro-desulphuriser.

The total value of the EPCcontract is approximatelyUS$81 million.

Mr Choo Chiau Beng,Chairman of SRC, said, “We

Enhancing diesel clean fuels capabilityexpect that there will bemore development of SRC asboth shareholders want tocontinue to develop SRC tobe a world-class, 1st Quartilecompetitive refinery that can

compete with the brand newmega refineries currentlybeing planned and built.”

Upon completion, SRCwould be able to produce

diesel that meets Euro-IVspecifications, which areimplemented in theEuropean Union and areused globally as benchmarksfor product quality. It willenhance SRC’s diesel cleanfuels capability and enablethe company to meet stricterdiesel specifications whenthese are implemented.

The project will commence inthe second quarter of 2007and is expected to becompleted in early-2009.There will be minimaldisruptions to the refineryoperations during theconstruction. keppelite

Signing to greener fuel: (from left) Mr James Er, CEO of SRC, Mr Kenichi Sasaki, Associate ExecutiveOfficer and Mr Kazuo Yamaga, Executive VP and Chief Marketing Officer of JGC Corporation

Keppel Group sponsored anetworking lunch for morethan 150 government,business, academic and civilsociety leaders attending theinaugural Young ArabLeaders Global ActionForum: Arab and AsianDialogue at the Ritz CarltonHotel on 27 April 2007.

Organised under thepatronage of King AbdullahII Bin Al Hussein of Jordanand Singapore’s SeniorMinister Goh Chok Tong, theForum aimed to promoteunderstanding and co-

Expanding ties with Middle Eastoperation between the Arabworld and Asia. It offeredparticipants an invaluableplatform to exchangeinformation and insights intothe two regions to buildstrong and long-lastingpartnerships that extendbeyond businessopportunities. Participantswere also addressed byPrince Feisal Bin Al Husseinof Jordan, Senior MinisterGoh and Minister MentorLee Kuan Yew.

After the close of the Forumon 28 April 2007, a group of

delegates visited Keppel FELSwhere they were taken ona tour of the yard andbriefed on the businesses ofKeppel Offshore & Marine,its global presence and R&Defforts.

The delegates also learnedabout Keppel’s operationsin the United Arab Emiratesthrough Arab HeavyIndustries and theconstruction of the KFELS BClass jackup rig, Al-Zubarah,for Qatar’s Gulf Drilling atKeppel FELS. keppelite

Mr TT Low, Keppel FELS’ Deputy ShipyardManager, explaining the finer points of rigconstruction to delegates from the YoungArab Leaders Global Action Forum

Business 17


From its CEO to itsemployees, Keppel Offshore& Marine (Keppel O&M)received May Day awardsfrom the National TradesUnion Congress (NTUC) forits efforts in promotinglabour-relations and settingexemplary attitudes.

For his tireless commitmentin building a strong union-management relationship aswell as in enhancing workers’employability, Mr ChooChiau Beng, Chairman &CEO of Keppel O&M wasawarded the Medal ofCommendation (Gold).

Under his leadership, KeppelO&M embarked on variousNTUC-initiated programmes

Labour recognition on May Daysuch as the ASMI Super VProgramme, part of theMarine Job Re-creationProgramme and there-employment of olderworkers. He was instrumentalin his workers receivingrecord bonus payouts thisyear in recognition of theircontribution to thecompany’s competitivenessand profits.

Mr Choo said, “Keppel’sgreatest asset has alwaysbeen its people. It is importantthat we continuously providethem career developmentopportunities even as theycontinue to grow with us.Our training programmes aredesigned to equip employeeswith lifelong skills and a

global mindset. We havebuilt a win-win relationshipbased on mutual trust,interests and strong corevalues.”

MODEL WORKERS’AWARDThree Keppelites receivedthe Model Workers’ Awardthis year. They were selectedfor their excellent workperformance as well as theirresilience in overcomingobstacles and engaging in re-training and skills upgrading.

Fang Jian Bin, a Supervisor(Machinery) at KeppelShipyard (Benoi) joined thecompany in 1996. A ChineseNational, he proved hisworth through hard work,dedication and commitmentand rapidly rose to the rankof Trainee Supervisor in 2001and to Supervisor in 2007.

Assistant Section Manager,K Silvarajoo described Fangas someone who alwayscompletes work assigned tohim on time and accurately.His forthcoming nature seeshim providing innovativesolutions and being quick toshare his knowledge with hiscolleagues, earning theirrespect and trust.

Mohammad Bellal Hossain,a Technician (Plant &

Maintenance) with KeppelShipyard (Benoi) started as aMachinery Fitter before risingthrough the ranks to becomeTrainee Supervisor andTechnician. He received theBest Supervisor award for hisdepartment in 2005 and wasKeppel O&M’s Best AwardRecipient in 2006.

His Section Manager, U SanLwin said that Bellalpossesses good leadershipcapabilities and is alwayswilling to impart hisknowledge and skills to hisjuniors. He strives to improvehimself academically andworks hard to jugglebetween work and pursuingan Advanced Diploma coursein Ngee Ann Polytechnic.

Chung Moy Heng, aSupervisor with the Piping(Junior) department atKeppel Shipyard (Gul), waspreviously awarded the Best“Take 5” Supervisor of themonth for his efforts inpromoting safety.

In addition, he contributedsome significant suggestionsto improve the company’sproductivity and safetys t a n d a r d s t h r o u g hparticipation in productivitycampaigns such as KeppelShipyard’s Innovation QualityCircles convention. keppelite

Keppel O&M bags May Day awards for promoting strong labour relations

18 Business


Keppel showcased at the energycapital of the worldWith a 25-year highattendance of over 67,000and participation from110 countries, the annualOffshore TechnologyConference (OTC) inHouston, dubbed the‘energy capital of the world’,was a resounding success.

From 30 April to 3 May 2007,Keppel Offshore & Marine(Keppel O&M) showcased itsexpertise in offshore rigs,shiprepair and conversionsand specialised shipbuilding,as well as its global networkof 20 shipyards which thegroup taps to optimisetechnology and constructioncapabilities.

This year’s OTC also sawparticipation from subsidiarycompanies, Keppel Verolme,Keppel FELS Brasil andFloaTEC, LLC.

Themed “Transforming theindustry”, OTC 2007 calledfor industry professionalsto develop and improvetechnologies for theexploration of oil and gas indeeper waters and harsherenvironments.

In this respect, Keppel O&Mis not resting on its laurels.L e v e r a g i n g i t s c o r ec o m p e t e n c i e s a n dtechnology innovation,

Keppel O&M is building newgrowth drivers to expand itsportfolio of leadershipbusinesses.

Mr Tong Chong Heong, MD& COO of Keppel O&M,shared, “We strive to be thepartner and provider ofchoice in our chosen businesssegments. We are goingbeyond designing andbuilding structures to offercutting-edge solutions forthe offshore and marineindustry.”

CELEBRATING GROWTHThe group celebrated thefifth anniversary of theintegration of its yardsaround the world underKeppel O&M on 1 May 2007.

This year will also markKeppel FELS, KeppelSingmarine and KeppelVerolme’s 40th, 120thand 50th milestone yearsrespectively. Keppel Shipyard,

whose history dates backto 1859 when it wasSingapore’s first shiprepairyard, will also becommemorating its 40thyear of incorporation nextyear.

At the Keppel reception, amuch anticipated event atthe OTC, Mr Choo ChiauBeng, Chairman & CEO of

Keppel O&M, gave a toast tocustomers and partners fortheir continuous support,partnership and confidencein Keppel.

Keppelite features extracts ofhis speech.

“Five years ago when wemerged our operations,Keppel O&M had 16 yards.

Keppel at OTC 2007

Customers, business associates and friends convened at the best OTC reception as they celebrate Keppel O&M’s five years of growth

Business 19


Keppel O&M has grown itsrevenue 300% since itsinception in 2002.

In the last five years, Grouprevenue increased from$1.9b in 2002 to $5.7b in2006. Attributable profit of$459m was up more than220% in 2006 compared to2002’s performance.

In rigbuilding, Keppel O&M’soffshore business hasexpanded from building fourjackup rigs and onesemisubmersible (semi) in2002 to the construction of27 jackup rigs, twomammoth deepwater semiproduction platforms andeight drilling semis in 2007.

In shiprepair and conversion,the Keppel O&M group iscurrently servicing up to 10major Floating ProductionStorage and Offloadingvessels while the specialisedshipbuilding division isbuilding around 30 OffshoreSupport Vessels.

The group has also achievedbreakthroughs in technologyinnovations, entered newmarkets and seized newbusiness opportunities.Today, it has a global networkof 20 yards as part of its“Near Market, NearCustomer” strategy.

Mr Choo said, “The grouphas lived up to theexpectations behind itscreation. Our success is dueto the support of ourcustomers as well as thecombination of strongmarket fundamentals andthe strategic imperativesthat led to the integration ofour offshore and marinecompanies.

“Through the creation ofKeppel O&M, we have seenthat Keppel’s position as aleader in the offshore andmarine industry has beenreinforced. Our globalfootprint has increased andmost importantly, it allows usto make the best use of our

resources to deliver world-class products and solutionsthat are required by ourcustomers.”

In 2006, the group secureda historic high level of neworders which totalled $7.3b,due in part to its newproprietary products injackups and semis andsuccess in penetrating newmarkets such as India andRussia.

Its ability to leverage groupresources and the widenetwork of yards to offerinnovative solutions on afast-track basis has alsocontributed to its success.

Looking ahead, Mr Chooremarked, “The stronggrowth in the offshore andmarine sectors is expected toremain robust over the nextfew years. There areincreasing numbers of newentrants, while new oil andgas fields are beingdeveloped, particularly in

harsher environments.National oil companiesare expanding their roles.The challenges includee n v i r o n m e n t a lconsiderations, rapiddevelopment of newtechnologies, rising costs ofinfrastructure and servicesand a shortage of skilledmanpower.”

To meet the challenges of thechanging landscape in theindustry, Mr Choo said, “Weremain committed to ourcustomers by executing ourprojects on time and onbudget. We are also goingbeyond designing andbuilding structures to offercutting-edge solutions in linewith new marketrequirements. Ultimately, ourmain aim is to be the partnerand provider of choice in ourchosen business segments inorder to grow beyondtoday.”

Keppel O&M celebrates five years with 300% increasein revenue

Today, we have a strategicnetwork of 20 shipyards,serving customers in the AsiaPacific, Gulf of Mexico, Brazil,Caspian Sea, Middle East andthe North Sea regions.

“As we look back, it isheartening to see how werode through the differentbusiness and economic

cycles, and emerged muchstronger and more resilient togrow beyond our presentsuccess in our chosensegments of the offshore andmarine industry.

“Such success was notachieved overnight. Tothrive, we need the supportof our partners, customers,

suppliers, subcontractors andof course, our people.

“In today’s dynamic businessenvironment, we need toforge win-win relationshipswith stakeholders to furtherenhance our valueproposition to customers.We will continue to doso.

“We will also continue tofoster in our people the corevalues that drive resultsand create a learningorganisation. We endeavourto leverage technology andexplore different allianceswith trend-setters todevelop new growthplatforms and providegreater value.” keppelite

20 Business


Keppel Shipyard launchedits Safety LeadershipProgramme (SLP), aimed toensure safe practices are builtinto everyday processes.

Graced by Mr Ho Siong Hin,Commissioner for WorkplaceSafety & Health from theMinistry of Manpower, thisis the latest initiative byKeppel Shipyard to achievean incident-free workenvironment. Moreimportantly, it aims to imbuea culture of workplace safetyamongst its more than 10,000workers and supervisors.

Mr Nelson Yeo, ExecutiveDirector of Keppel Shipyard,said at the launch on 27 April2007, “Supervisors havedirect contact and stronginfluence on changingworkers’ behaviour. TheSafety Leadership Programme

Nurturing a safety culturewill equip supervisors the skillsto coach and encourageworkers to carry out theirtasks in a safe manner.”

Safety is a fundamentalbusiness practice across theKeppel Group.

Group companies have alsoimplemented the practice ofsafety as the first item on theagenda for their boardmeetings. Keppel Shipyardhas taken this a step further.The yard has ensured thatsafety is first on the agendafor all its operationsmeetings.

The SLP is a furtherenhancement of KeppelShipyard’s Safety PlusProgramme, introduced in2002. As safety involves thepartnership and ownershipof all stakeholders, Keppel

Shipyard has also introducedt h e S u b c o n t r a c t o rStewardship Programme forits subcontractors. It has alsosuccessfully encouragedworkers, with the support ofthe workers’ unions, to setup the Workforce SafetyCouncil and Contractors’Health Safety & Environment(HSE) Watch Groups.

Customers such asExxonMobil, Single BuoyMooring (SBM), Shell,Prosafe, Woodside, Petrobrasand many others are alsoactively involved in the yard’ssafety programme. Some ofthem including ExxonMobiland SBM are on boardKeppel’s Safety SteeringCommittee.

REINFORCING MESSAGEKeppel FELS launched itsannual HSE Promotion

Campaign as part of itsongoing efforts to promotesafety awareness amongstemployees.

At the opening of thecampaign on 23 April 2007,Chairman & CEO of KeppelO&M, Mr Choo Chiau Beng,shared, “Our businessactivities have increasedsubstantially but it isimportant for us to ensurethat our core value ofcommitment towards HSEremains firm.

“Instilling a safety culture isan ongoing process thatrequires effort from everyemployee. Let us remainvigilant and strive for zeroaccidents.”

During the month-longcampaign, employees tookpart in activities that

To a safer and healthier work place – Keppel Shipyard’s Safety Leadership Programme was launched by Mr Ho Siong Hin, Commissioner for WSH, Ministry of Manpower (second from right) andrepresentatives from Keppel, ExxonMobil and SBM

Business 21


familiarised them with the cause and preventionof injuries to hands and fingers, which is thefocus for the year.

BONUS FOR SAFETYDespite the current heavy workflow, Keppelcontinues its quest for zero loss time incidents(LTI), earning itself accolades from customers.

Project teams from Keppel FELS and Transoceanachieved 3 million manhours with zerodowntime for the upgrading of thesemisubmersible, Sedco 702.

Mr Steven L. Newman, EVP – Chief OperatingOfficer of Transocean, commended the teams,“Congratulations on this significant milestoneachieved. This is a result of your hard work andit is deserving of high praises indeed. You haveclearly set a very high standard for others toshoot for.”

Meanwhile, the project team from Keppel FELSreceived a bonus from Maersk for 8.5 millionmanhours worked without any LTI during theconstruction of four jackup rigs.

Lauding the project team for its achievement,Mr Claus Hemmingsen, CEO of MaerskContractors, in a letter said, “It is with greatpleasure that I can forward to you Safety Awardsfor not less than four projects in Keppel FELS.This is indeed a magnificent trail of records.”keppelite

Keppel and Maersk share a common safety culture

22 Special Focus


Uniquely Singapore takes tothe waters

The light rain were showersof blessings on the Sundaymorning of 13 May 2007, asproud Singaporeans andsupportive friends gatheredat St. Katharine’s Dock inLondon to witness thelaunch of the UniquelySingapore clipper by MrTharman Shanmugaratnam,Singapore’s Minister forEducation and SecondMinister for Finance.

This is the secondconsecutive year thatSingapore is fielding anentry in the Clipper Roundthe World Yacht Race. Themain sponsor of UniquelySingapore for the 07-08 Raceis Keppel Corporation,together with race partner,Singapore Tourism Board.

Having clinched an overallfifth position in the Clipper05-06 Race, UniquelySingapore, named then bySenior Minister Mr Goh ChokTong, returns to do thenation proud.

DEEPENING PUBLIC-PRIVATE COLLABORATIONAt the ceremony, MinisterTharman said, “UniquelySingapore’s entry in theClipper Race was madepossible by the deepeningcross-sector collaborationbetween Singapore’s publicservice and privatecorporations.Uniquely Singapore takes its guests for a sail-past

23


“Beyond contributing tothe economic developmentof Singapore, businessorganisations play an integralrole in projecting theSingapore brand globallyand in strengthening ourfriendship and cooperationwith the world.

“Such combined effortswill not only show up thequality of Singapore’s globalenterprises, it will also raiseour country’s profile andprominence as a leadingglobal business hub andchoice destination in whichto live, work and play.”

Mr Teo Soon Hoe, SeniorExecutive Director andGroup Finance Director ofKeppel Corporation, said,“The Keppel Group and theSingapore Tourism Board

have come together onceagain in the Clipper Roundthe World Yacht Race toachieve a common vision –to promote Singapore tothe world as a truly globalcity and one of Asia’s topbusiness and touristdestinations.

“Come January 2008, theClipper yachts will be warmlywelcomed at our spankingnew Marina at Keppel Bay,one of Singapore’s mostprestigious waterfrontaddresses. Their timely arrivalwill add colour and vibrancyto this southern waterfronthub which is on theworld’s radar screen withthe upcoming SentosaIntegrated Resort and ouriconic waterfront residences,Caribbean and Reflectionsat Keppel Bay.”

DEBUTING LOCAL TALENTRachel Goh Da Ling andDaphne Leong, top BA(Hons) design students ofLASALLE College of the Arts,were the brains behind thefresh and contemporary lookof Uniquely Singapore.

The design was inspired bykey characteristics of the city-state’s identity like courage,strength and excellence, asembodied in the bright redhull helmed by the Lion Headsymbol as well as thetwinkling stars.

According to its creators,“The colours, red andwhite, play an importantpart in the design. Like thecolours of our national flag,red symbolises universalbrotherhood and equality ofman while white signifies

pervading and everlastingpurity and virtue. We wantedthe strong national coloursto distinguish UniquelySingapore from the rest ofthe yachts.

“The stars are stylisticallydesigned so that they appearto be bursting and fluid. Theysymbolise the brilliance,versatility and energy of thepeople of Singapore, and thestrong spirit of adventureexpressed by the five pointsspreading across and out ofthe hull and sail. Singapore,although a tiny dot on theatlas, is bursting onto theworld stage in all aspects.”

The partnership betweenKeppel and LASALLE for theexcellent design of UniquelySingapore has gone downwell with Minister Tharman,who commended “Keppelfor not only encouraging itsown talents to take up thechallenge in this endeavourbut also in offering thisplatform to showcaseSingapore’s young talents.”

Truly, with its well-crafteddesign intent and nationalchord, Uniquely Singaporewill fly the Singapore flaghigh wherever it sails.

POWERING OUR PEOPLEAs part of its peopledevelopment initiatives,Keppel sponsored two ofits employees as KeppelAmbassadors in twoseparate legs of the Clipper05-06 Race.

The public and private sectors join hands to spin Uniquely Singapore into action for the Clipper 07-08 Race – (from left) Minister Tharman,Mr Teo Soon Hoe and Singapore High Commissioner to UK Mr Michael Teo Continues on page 24...

24 Special Focus



Stepping up its commitmentto provide exposure and self-development opportunitiesfor its employees, Keppelannounced at the launch itscommitment to send ateam of seven Keppelites,one of whom is a fullcircumnavigator, to crewUniquely Singapore in theClipper 07-08 Race.

“The Keppel Group, withoperations in 33 countriesworldwide, prides itself inbeing actively involved incommunity projects all overthe world.

“The Clipper experienceprovides Keppel with a globalplatform through which wecan promote as well as shareour values with people fromall walks of life. These valuesinclude a global mindset,passion and dare inovercoming challenges and aspirit of achievement andexcellence.

“For the Race this year, moreKeppelites will be challengedto grow beyond theirpersonal limitations andunleash their potentialthrough the Clipperexperience,” said Mr Teo.

CHAIRMAN MEETSOUR CREWSpeaking to the sevenKeppel ambassadors whowill represent the Companyin the Race, KeppelCorporation ExecutiveChairman Mr Lim Chee Onnshared, “Learn as much asyou can. Discover yourself,your strengths andweaknesses; your likesand dislikes.

“The Clipper experience willtest you mentally, physicallyand emotionally. Treat it aspart of career development.I treat it as managementdevelopment.

“In fact, we’ll put everyone

through the arduous Clipperexperience before we hirenext time,” he added in jest.

Mr Lim met the KeppelAmbassadors over tea,supported by seniormanagement from thevarious Keppel Groupsubsidiaries. AmbassadorTony Siddique, Chairman ofthe Uniquely SingaporeClipper Steering Committee,was also present to givewords of advice to the crew.

To Hizam Bin Haiyon,Assistant Section Manager(Engineering) of Keppel FELS,who is the single Round-the-Worlder representingKeppel, Mr Siddique urged,“You must be the watch-leader for all the otherleggers. You will be moreexperienced than the rest, soyou must teach the otherKeppel crew when they joinyou on different legs of therace.”

Sharing personal anecdotesfrom his sailing experiences,the Chairman alsoencouraged each of theKeppel Ambassadors tocherish the valuable exposureand opportunity offered tothem.

TEAM KEPPELThey are the chosen ones.

Out of some 50 candidatesfrom across the group, sevenwere picked to representKeppel on the Clipper 07-08Round the World Yacht Race.

ROUND-THE-WORLDERHizam Bin HaiyonAssistant Section Manager(Engineering), Keppel FELS

Keppel’s seven get set to take the Group around the world onboard Uniquely Singapore

Working with a multi-cultural, multi-nationalorganisation like Keppelhas brought me a greatsense of achievement andsatisfaction. Being a Keppelambassador onboardUniquely Singapore willprovide me the opportunityto share Keppel’s Can Do!spirit with them.

25


LEGGERSKoh Kok SiongSenior Engineer,Keppel Seghers

The Clipper platform willallow me to share withother international andSingaporean crew membersthe Keppel core values thatI have come to embrace –responsibility, teamwork andthe Can Do! attitude.

Agatha GohGroup Human ResourcesAssistant Manager,Keppel Corporation

I am honoured to representKeppel on the internationalarena. It will demonstrate the

true spirit of Keppelites andour global business presence.At a personal level, it’s a greatmilestone to mark my tenthanniversary with Keppel.

Diana ChanGroup CorporateCommunications Executive,Keppel Corporation

Young or old, whetheryou are in corporatec o m m u n i c a t i o n s o rengineering, the Companyis all-inclusive and willgive talented individuals achance to rise to theoccasion. I am proud to standalongside other Keppeliteson the global stage.

Lawrence ChanCorporate Development/Planning Manager,Keppel Corporation

It is truly a privilege torepresent Keppel in thisinternational event. Ourbusinesses are constantlycompeting against the beston the world stage, andsuccessfully maintain ourleadership position throughsheer determination, skill

and teamwork. I will certainlydo my best alongside theother crew members andKeppelites.

Desmond LimSenior Executive,Marina at Keppel Bay,Keppel Land

Kelvin NgGroup CorporateCommunications Executive,Keppel Corporation

Besides the once-in-a-lifetime opportunity to pushmy own limits, I want thechance to represent theCompany’s Can Do! spiritand outreach to localcommunities in our variousports of call. It is an immensejoy and privilege to bechosen to live out the Keppelspirit: a global inclusivemindset, perseverance andthe spirit of adventure. keppelite

I have been preparing myselffor a challenge like theClipper Round the WorldRace. Fortunately, my careerin Marina at Keppel Bay hasfuelled my dream to take onthe adventure. This is achance of a lifetime for meto represent Keppel andSingapore in the race whichI have always had a passionfor.

26 Business


Concern for the environmentis more than a philosophy.At Keppel, it is also ourbusiness.

In the second installment ofthe Group-wide eco feature,Keppelite delves into thecore of the environmentalengineering business andexplores its initiatives for asustainable future.

Faced with the world’sgrowing need for alternativeresources, pollution risks, aswell as declining watersupply, Keppel IntegratedEngineering (KIE), theenvironmental technologyand engineering division ofKeppel Corp, is poised toprovide innovative solutionsin waste disposal, watertreatment and powergeneration.

Leveraging its technologicalexpertise, best practices andprocesses, KIE aims to deliverstate-of-the-art technologiesand management systemsthat are cost effective andsafe to use.

KIE is actively involved inseveral quality infrastructureprojects together with localand foreign communities.These include the QatarDomestic Solid WasteManagement Centre, theTuas South Waste-to-Energy

Engineering a greener future(WTE) Plant and the UluPandan NEWater Plant.

The company’s present R&Defforts are focused onapplication development andprocess improvement, with anumber of projects at thepilot or demonstration stage.

In early 2007, KIE announcedplans to further its R&Dwork through the settingup of the KeppelEnvironmental TechnologyCentre that will drive andco-ordinate the company’sR&D programmes.

In Singapore, KIE hasestablished researchpartnerships with both theNational University ofSingapore and the NanyangTechnological University.Adding to this list of globalresearch partners areCranfield University in theUK and NetherlandsOrganisation for AppliedScientific Research inHolland.

The fruits of these heavyinvestments in R&D havebegun to surface. In watersolutions, the companysucceeded in the design,construction and operationof the world’s second largestwastewater recycling plant inSingapore. It has also carriedout the pilot run of the new

Memstill® desalinationtechnology, which willimprove the economy andefficiency of the existingdesalination technology forseawater and brackish water.

In solid waste solutions, thecompany strengthened itsportfolio of 130 intellectualproperties (IPs) andtrademarks in 2006 with thesuccessful patent of threenew IPs for solid wastetechnologies, one of whichis for Keppel Seghers’s PRISMfor WTE installations. Thecompany also won alandmark project from theQatar Government todesign, build and operate thefirst integrated wastemanagement facility in thecountry.

Looking ahead, KIE’sinitiatives will includepreparing Keppel Seghers forthe ISO:14000 environmentmanagement systems andstandards certification, aswell as offering energy auditsto help properties meet theBuilding and ConstructionAuthority’s Green Markaward standards for buildingefficiency and eco-conservation.

KIE will also focus on thetechnological application ofits resource efficientproducts, in particular Keppel

Seghers’s flue gas treatmentand wastewater treatmentsystems. The companywill continue to explorealternative renewableenergy resources as well asopportunities for greentechnology investment andpartnerships.

In addition, KIE is alsoplacing strong emphasis onstaff outreach platformssuch as seminars, forums,newsletters and specialevents to foster a ‘green’corporate culture and topromote a safe workingenvironment. keppelite

Keppel Seghers has developed comprehensiveknow-how on the design, implementationand operation of state-of-the-art flue gascleaning systems

Green Initiatives

Business 27


Future residents of MarinaBay Residences willappreciate the fact thattheir homes have beendesigned with care for theenvironment.

From the constructiontechniques used, to theextensive landscaping, evento the solar-powered aircraftwarning light on the roof, ahost of environmentprotective features hasbeen factored into thistrend-setting waterfrontdevelopment.

So ‘green’ are elements inthe 55-storey tower that theyhave been recognised with aGreen Mark Award fromSingapore’s Building andConstruction Authority.

Speaking for the consortium

Marina Bay Residences achievesGreen Mark Award

(a joint venture of KeppelLand, Cheung KongHoldings and HongKongLand) behind the Marina BayFinancial Centre (MBFC),GM Mr David Martin sharedthat a greener approach tothe design made goodbusiness sense apart frombeing the right thing to dofor the environment.

“We believe the energy-saving features to beincorporated in the MarinaBay Residences as part of theGreen Mark Award willreduce the long term costs ofbuilding management to thebenefit of both the ownersand developers,” Mr Martinsaid.

“On the marketing side, weare already noticing a higherlevel of awareness about the

Green Mark among potentialbuyers and tenants, andsee our investment in theGreen Mark process as anopportunity to ‘future-proof’this landmark developmenton the Marina Baywaterfront.”

Even before the first pile wasdriven, the MBFC developershave worked out ways tokeep the construction asclean and green aspossible. In the deep cementmixing works for groundimprovement, an innovativeapproach to using seawaterpumped from Marina Bayinstead of PUB water savedan estimated 240,000cubic metres of freshwater.

Extensive landscaping,sky terraces and gardenswill reduce the generaltemperature of the buildingand its surrounds. And evenspecies of ‘non-thirsty’ plantshave been selected to saveon water usage.

“Green spaces such as27th and 47th sky terraces,seventh storey podiumgarden and private roofgarden are evenly distributedthroughout the high-rise55-storey building block tospread the cooling load,”Mr Martin explained.

The ‘envelope’ of thebuilding was designed forthermal efficiency, from thedirection it lies on the site, tothe use of heat reducingglass, and even the 1.5 metreoverhanging balconiescasting welcome shadeon the occupants belowin Singapore’s tropicalconditions.

Smart electronics also makea difference. A sophisticated,sensor-driven venting systemin the carpark will targetareas as and whenventilation is needed, savingon energy. Residents willtravel by highly efficient, lowpower consumption lifts,while duel pneumatic chutesare on standby to whiskaway separated recycling andrefuse.

Every encouragement isoffered to residents to utilisethe many public transportoptions on hand. Anextensive covered walkwayand pedestrian network linksthe entire MBFC and MassRapid Transit.

“As developers, we wantthe owners of Marina BayResidences to love wherethey live, and that extends toknowing that we’ve donewhat’s possible to make itenvironmentally friendly,”Mr Martin shared. keppeliteMr Scott Rudisel, Project Director for Marina Bay Financial Centre receives BCA’s Green Mark

Award from Singapore’s Minister for National Development, Mah Bow Tan

28 Business


Across the Keppel Group,business units have ralliedtheir battle cry for pandemicpreparedness, facing downeach wave of emergencysimulations.

Prompting preparednessWhile the prompt andproficient handling ofthese mock situationshave demonstrated theeffectiveness of thecompanies’ business

continuity plans, guardshave not been let downas plans continue to beimproved upon andstrengthened.

Keppel Logistics recently helda pandemic flu exercise at itsGul Circle premises,garnering keen participationof over 450 people includingtenants, visitors, contractorsand drivers. The exercisei n v o l v e d t h o r o u g htemperature screenings andhealth declarations.

At Keppel Shipyard (Tuas),some 5,000 directand indirect workers alsopitched in full participation

in a pandemic flu exerciseon 18 May 2007.

“It is important for us to beprepared for such adversitiesbecause they can affect ourcommitment to deliverprojects on time and withinbudget,” shared Mr AbuBakar, GM (Operations) ofKeppel Shipyard.

He continued, “Theseexercises enable us to put ourcontingency plans into actionand in doing so, finetune ortroubleshoot necessary areasso that in the event of a realbreak-out, we can minimisedisruptions to the operationswithin the yards.” keppelite

Keppel Seghers EngineeringSingapore (KSES) has beenawarded a certificate ofappreciation by PUB inrecognition of its efforts tocreate a safe workingenvironment.

At the PUB Safety Day on27 April 2007, Mr ChanYoon Kum, Assistant CE ofPUB emphasised theimportance for contractorsand suppliers to observeworkplace safety to ensurethe smooth completion ofprojects.

He added, “Accidents will

Safety, the Keppel wayresult in productivity andfinancial losses, and may alsolead to serious injuries oreven the loss of lives.”

Mr Chan Kim Yam, KSES’sEnvironmental, Health andSafety Manager also sharedhow workplace safety ismade a top priority andpractice at Keppel IntegratedEngineering (KIE).

“We organise safetycampaigns during projects toencourage our staff to bemore safety-conscious. Infact, we have achievedhalf million accident-free

manhours on the recentlycompleted Keppel SeghersUlu Pandan NEWater Plant,and we are now working

towards achieving zeroincidents for all KIEprojects.” keppelite

Mr Chan Kim Yam of KSES explains the roadmap to an excellent safety culture to Mr ChanYoon Kum, Assistant CE of PUB

Temperature screening to identify ‘infected’ workers for early prevention

Business 29


Despite the high volume ofwork at the Keppel yards, theproject teams are keeping totheir promise of on-timeon-budget deliveries.

SINGAPOREKeppel FELS cut its first pieceof steel signifying the start ofthe construction for thejackup rig, Deep Driller 8,on 30 April 2007.

Built to the KFELS Super BClass design, Deep Driller 8is due for completion in thefirst quarter of 2009 forcustomer Sinvest, a wholly-owned subsidiary of AbanOffshore.

Keppel Singmarine laid thekeels of two 62 metre-longAnchor Handling Tug/Supply(AHTS) vessels for WhiteseaShipping and Supply (LLC) on13 April 2007. These vesselsare in a series of fivethat Keppel Singmarine isconstructing for Whitesea.

The vessels will beconstructed in KeppelNantong Shipyard, bringingthe total number of vesselsbeing built by the Chineseyard to 13 units. Deliveriesfor these vessels arescheduled between 2008and early 2009 for operationin the Middle East.

Meanwhile, AHTS H310 tookto the waters at KeppelSingmarine on 10 May 2007.Designed by Keppel’s Marine

Executing for success

Technology Development,this is the first of six vesselsthat Keppel Singmarine it isbuilding for Gulf Offshore.H310 is due for completionin the fourth quarter of2007.

THE PHILIPPINESSubic Shipyard andEngineering (Subic Shipyard)struck steel for thesemisubmersible (semi) rig,Gold Star, on 2 April 2007.The rig is owned by Braziliandrilling contractor, QueirozGalvão Perfurações (QGP).

Built to Keppel’s DSSTM38 rigdesign, this is the thirdoffshore construction projectundertaken by SubicShipyard since the yardexpanded its service portfolioto include offshore work in2006.

Keppel Batangas and SubicShipyard have concluded the

construction of the mid-pontoon structure forGlobalSantaFe’s (GSF) semiDevelopment Driller III. Thesemi was completed on timeand with zero accident afternine months of fabrication.

Lauding their achievement,GSF presented both yardswith a plaque of appreciationfor the exemplary safetyrecord. The structures will betowed to Singapore to bejoined with other sections ofthe semi.

THE NETHERLANDSThe 225 metre-long pipelayvessel was christenedAudacia by its owner, AllseasGroup, on 8 May 2007 atKeppel Verolme.

Previously a Panamax bulkcarrier named Geeview, thevessel was converted into adynamically positionedfacility capable of operate in

water depths of up to 3,000metres.

Mr Harold Linssen, MD ofKeppel Verolme, said at theceremony, “The execution ofthis conversion was the resultof two companies’ ambitionto work as one. Over a year,both teams worked closely inmanaging and excuting theproject. We were able tocombine the two companies’core competencies toachieve remarkable vessel.”

Meanwhile, anothermilestone was achieved inthe life extension project ofsemi drilling rig, BlackfordDolphin. Weighing over 850tonnes, the drill floor andderrick were installedonboard the semi in mid-May2007. keppelite

A spanking new Audacia (right picture) awaits her owner as Mr Harold Linssen (left), MD of Keppel Verolme, passes the baton toMr E. Heerema, President of Allseas Group

30 Business


(From L-R): Mr Tong Chong Heong, MD & COO of Keppel O&M presents the Can Do!book to Mr Fialho, witnessed by H.E. Paulo Alberto da Silveira Soares

As the world’s leadingoffshore builder, Keppelmakes a strong impressionon visitors to its 20 yardsworldwide.

In May, Keppel’s Singaporeyards hosted distinguishedguests from the Middle Eastand Brazil.

Receiving the guests weresenior managementcomprising Mr Choo ChiauBeng, Chairman & CEO ofKeppel Offshore & Marine(Keppel O&M), Mr Sit PengSang, CFO, and Mr JayaKumar, GM of Keppel FELSMarketing.

H. E. Hussain J. Al Nowais,Chairman & MD of EmiratesHoldings, together with Eng.

International impressionsJaber Hareb M. Al Khaili,CEO of Higher Corporationfor Specialised EconomicZones, were given acomprehensive presentationon Keppel O&M’s activitiesand capabilities followed bya drive-around tour of theKeppel FELS’s Pioneer Yard.

Mr Choo shared his viewson the prospects of mid-to long-term oil andgas markets and thesustainability of demandfor energy. He expressedhis opinion that thefundamentals remain strongfor these industries.

The visitors were visiblyimpressed by the level ofactivities and complexity ofthe projects and processes

Mr Choo (centre) shares a candid moment with the Middle Eastern visitors

involved, which reinforcedKeppel O&M’s reputation asa leading offshore builder.

Another group of visitors, aBrazilian Port Sector Mission,was led by Mr FernandoAntonio Brito Fialho,Director-General of theNational Agency of MaritimeTransportation of Brazil(ANTAQ).

The visitors comprisedANTAQ members as well asrepresentatives of companiesfrom the private sector,here on a research andcooperation mission.Accompanying the missionwas Brazil Ambassadorto Singapore, H.E. Paulo

Alberto da Silveira Soares.

Sharing his views after thevisit, Mr Fialho said, “We arereally appreciative of the visit.It has helped us to betterunderstand Keppel and whyit is a success.

“President Lula has aprogramme in place toaccelerate Brazil’s growthand this requires effort fromboth the public and privatesectors. With the country’sabundant natural resources,this growth is definitelysustainable but requirespartnerships such as thosewith Keppel to further thisgrowth.” keppelite

Business 31


Collaboration betweencompanies and institutionsof The Netherlands andSingapore is givinginnovations in maritimetechnology a boost.Mr Charles Foo, MD (Special

Sharing offshore and marineinsights

Projects) of Keppel Offshore& Marine (Keppel O&M)shared this in a presentationto industry experts in TheNetherlands.

He was speaking at the

symposium, ‘Future Waves’,organised by MARIN(Maritime Research InstituteNetherlands), whichexamined the future ofinnovation in hydrodynamicsand maritime technology.

Mr Foo’s lecture focused onresearch and developmentmoving forward in shiprepair,conversions, shipbuildingand rigbuilding in Singapore.

Recounting the long historyof collaborations that KeppelO&M has with Dutch andEuropean companies orinstitutions such as MARIN,he said that Singaporecompanies, such as KeppelO&M can learn from TheNetherlands’ experience in

keeping relevant androbust in the offshore &marine industry by providingvalue-added jobs.

He shared on Keppel O&M’sstrategy of a balancedapproach for sustainabletechnological leadership. Thefour inter-related aspects ofthis approach are commercialviability, customer needs,knowledge building andestablishing effectiveprocesses.

Mr Foo also dealt on thesubject of Arctic technology,introduction of newmaterials, improved rig andvessel designs and shipyardprocess improvements.keppelite

Mr Arne Hubregtse, President of MARIN, appreciating Mr Charles Foo (right) for sharinginsights at the ‘Future Waves’ symposium

Keppel Offshore & MarineTechnology Centre(KOMtech), Keppel’s newR&D centre completed itsfirst run of seminars aimedat promoting a systematicapproach to managingresearch knowledge.

The seminars, which wereheld between 7 and 18 April2007, also included a seriesof lectures on Arctic

Promoting research knowledgetechnologies conducted byProfessor Kaj Riska of ILSHelsinki. He is also aProfessor at the NorwegianUniversity of Science andTechnology’s (NTNU) Centrefor Ships and OceanStructures, and a consultantto Keppel Singmarine on itsice-breaker projects.

Complementing Keppel’sthree existing technology

units – Offshore TechnologyDevelopment, DeepwaterTechnology Group andMarine TechnologyDevelopment – KOMtech willsupport its business units todevelop new solutions thatwill address customer needs.keppelite

Keppel continues to sustain growth throughtechnology

32 People


32 People

Come July 2007, five ofKeppel’s Music Scholars willbe amongst the first cohortof students in Singapore tograduate with a Bachelor ofMusic degree jointly awardedby the National University ofSingapore (NUS) and thePeabody Institute of the JohnHopkins University inBaltimore, USA.

Executive Chairman ofKeppel Corporation, Mr LimChee Onn, said, “The KeppelMusic Scholarship aims tonurture artistic talents andlend support to the YongSiew Toh Conservatory ofMusic, Singapore’s firstconservatory.

“Four years have passedand I am pleased that fiveoutstanding Keppel musicscholars from Vietnam arepart of the Conservatory’s

Pioneering music talentspioneer cohort ofgraduates in mid-2007.Keppel congratulates theConservatory and its studentsfor this important milestone.

“We remain committedto continue our closecollaboration with theConservatory to activelydevelop the best andbrightest, and grow the artsand its talent pool.”

Keppel committed $600,000in 2003 to sponsor 10students, over a period offive years, for their pursuitof four-year degreeprogrammes at the YongSiew Toh Conservatory ofMusic at NUS.

The graduating scholars havedistinguished themselves inprestigious internationalmusic competitions and

festivals and are set toembark on the next stage oftheir music careers.

Seasoned musician andsecond-runner up atthe inaugural ASEANInternational Chopin Pianocompetition in 2004, Tran ThiTam Ngoc has been acceptedby Boston and LongyConservatories on partialscholarship for graduatestudies in the US.

Tam Ngoc has performedin masterclasses withinternational artists including

Pascal Roge, for dignitariessuch as the VietnamesePrime Minister, H.E. NguyenTan Dung as well as atinternational forums such asthe ‘Investing in Vietnam’conference in Hanoiorganised by the KeppelGroup in 2004.

“I am grateful to Keppel forsupporting me in the pursuitof my dream and passion.Now, with the Bachelor ofMusic degree from YongSiew Toh Conservatory, astandard that is acceptableworldwide, I can further mystudies and career anywherein the world,” Tam Ngocshared.

Another promising scholar,Tran Duc Minh also hopes topursue graduate studies inthe US, and has alreadyreceived acceptance fromMiami University while he isawaiting results from twoother schools.

The other graduatingscholars are also planning topursue graduate studies,some in prestigiousinstitutions across Europeand America. keppeliteTam Ngoc (left) and Duc Minh are part of the five graduating pioneer Keppel Music Scholars

Graduating Keppel Music Scholars Major

Tran Thi Tam Ngoc (F) PianoHuynh Son Thuc Anh (F) PianoPhan Gia Anh Thu (F) PianoTran Duc Minh (M) Double BassPham Thi Minh Anh (F) Viola

People 33


Keppel Kazakhstan’sApprenticeship Scheme,has in recent years, beencontributing to the skillsdevelopment of the peoplein Aktau, a seaport on theCaspian Sea.

Mr Yeshmanov, Director ofMangistau PolytechnicCollege, shared on the meritsof the scheme, “KeppelKazakhstan’s ApprenticeshipScheme allows a non-professional youth toobtain trade knowledge, an a t i o n a l l y - r e c o g n i s e dcertificate and employment.We do appreciate whatKeppel Kazakhstan isdoing and look forward toan efficient long-termcooperation.”

Saule Sharipova, Head ofHuman Resources at KeppelKazakhstan, shares how thescheme is part of KeppelKazakhstan’s ongoing effortsto train and upgrade theskills of both its current andfuture employees.

On the ApprenticeshipSchemeThis scheme originallycommenced in KeppelOffshore & Marine (KeppelO&M) in Singapore as astructured programme toequip trainees with skills suchas piping fabrication,welding, steel fabricationand marine electrical

Seeding the futuretechnology. The one-yearscheme has evolved toenable Keppel O&M’soverseas yards to meet therespective local needs.

Keppel Kazakhstan had anon-the-job training schemewhen it commencedoperations in 2005. Afterdiscussions with theManagers and ProductionSuperintendents, an upgradeof that scheme was deemednecessary as the offshoreindustry in Kazakhstan is stillfairly new.

The Apprenticeship Schemeenables locals to gain deeperunderstanding of andexposure to the offshoreindustry and be attracted tocarve careers in it.

On challengesAs the ApprenticeshipScheme was new and is stillevolving, we monitored itclosely together with thelocal Governor’s office andthe Mangistau EducationDepartment, which jointlyorganised the scheme. Manymeetings and discussionswere held to ensure aconsistent and structuredframework for the scheme.

On the processApprentices are appointedfollowing a stringentselection process. They thenundergo theoretical and

practical trainings at thelocal Mangistau PolytechnicCollege and at KeppelKazakhstan yard.

Theory classes, conducted byKazakh teachers with morethan 20 years experience intheir chosen fields, make up40% while practical trainingtakes up the remaining time.Safety is emphasised at alltimes.

U p o n c o m p l e t i o n ,apprent ices are g ivennat iona l ly recognisedcertificates. About 70% ofthe student cohort is selectedto join Keppel for further on-the-job training in grinding,welding and cutting.

The on-the-job training isconducted by qualifiedSuperintendents and

Supervisors from Singapore.Apprentices are assigned tomentors who supervise andmonitor their progress. Theydo not work on the actualprojects at the yard untilthey qualify.

On the apprenticesWe have 47 apprentices inour first batch. We haveselected about 100apprentices for our secondcohort, which will start theprogramme in June 2007.

On aspirationsWe hope to have a successfulscheme independent ofoperations which will be ableto produce many well-skilledworkers who will carvemeaningful careers withKeppel Kazakhstan. keppelite

An apprentice learns how to weld safely during the programme

34 People


Keppelite reproduces aBusiness Times (BT) article byPamela Chew published on1 May 2007 which profiledthree Can Do! Keppelwomen executives blazingtheir trails overseas.

More often than not,assumptions are made aboutwomen working overseas.Firstly, that women are notinterested in being postedoverseas; secondly, thatfamily may prevent themfrom venturing away fromhome; and that those whodare venture abroad aredoomed to fail in the face ofprejudice in certain countries.

But a survey by MercerHuman Resource Consultinglate last year showed thatthe number of Singaporewomen heading for foreignshores has risen 10 times to480 from just 47 six yearsago. The global surveycovered over 100multinational companieswith 17,000 male andfemale internationalassignees.

Keppel Group CorporateCommunications GMMs Wang Look Fung said,“We’re seeing a growingnumber of women who arewilling to leave their comfortzone to take up thechallenge of workingoverseas in far-flung placeslike Azerbaijan and Brazil . . .They are taking up a

Keppel women making waves abroadspectrum of executive andmanagerial positions acrossthe offshore & marine,infrastructure and propertybusinesses in the KeppelGroup.”

And to show, Keppel hasthree women executiveswith a yen for adventuresupporting this growingtrend.

THE GO-GETTERGladys Ng, in her earlythirties, is a manager withKeppel Land overseeingmarketing for properties inVietnam.

A hankering for challengesproved to be a boon for her

when she stepped feet in HoChi Minh City almost fouryears ago. “Not everythingover here is spelt out in blackand white like it is inSingapore . . . I hardly knewthe market when I arrivedbut still managed to set upoffice and get the projectsgoing within a year.”

Projects that Gladyshandled include the VillaRiviera – a gated waterfrontdevelopment with 101 villas,the An Phu Ward ResidentialDevelopment – premiumresidences, and SaigonSports City, a fully integratedtownship with a 15-ha areadesignated for public sportsfacilities when developed.

Gladys shared thatorganising the ‘VietnamInvestment Conference’ in2004 was her greatestaccomplishment – an eventthat spanned Hanoi and HoChi Minh City.

“I was the only one left inHo Chi Minh City to planand coordinate a ceremonywhere the master plan ofone of our projects herewas to be unveiled – the resthad travelled to Hanoi forthe preceding conference.

“But with the help of mycolleagues in Singapore, theevent turned out to be agreat success,” Gladys said.

When asked if she wouldbe as successful as she isnow if she had remained inSingapore, Gladys said, “Asone of the pioneer expatsin the Vietnam propertyindustry, my market valuehas definitely gone up a lot -I’ve made many contacts andbuilt a solid network.”

THE FREE SPIRITIn December 2003, Braziliancompany Petrobras awardedthe Keppel-led consortiumthe contract for the P-52floating production unitwhich stands at 34 storeyshigh and has a main deckequivalent to 10 Olympic-sized swimming pools.

And when Keppel O&Mneeded a procurementGladys Ng scooting around Ho Chi Minh City

People 35


engineer there, Dawn Chin,27, jumped at theopportunity – within twomonths, she was in Brazil.She had earlier expressed aninterest in working inKazakhstan.

“I think that I am born in theright generation wherepeople are more open-minded towards womenholding equal status as menin the business world . . . Wehave equal opportunities fortravelling and workingabroad, especially withbusinesses today goingglobal.”

While she did face her fairshare of parental objectioninitially, Dawn’s family hasaccepted her ‘travellingways’.

“I’ve been recently secondedfor a short stint at ourNorwegian subsidiary andmy parents had hardly anyreaction to the news –they’re used to it,” she said.But even those brimmingwith wanderlust suffer theoccasional bout of homesickness. “I must admit that

I miss my family and lovedones terribly, but having saidso, I am ever ready to ventureabroad if the need arises,”Dawn said, staying trueto form.

THE GLOBAL CITIZENTucked in the Caspian regionbut far from landlocked isKeppel FELS scholar Tracy Lu,35, a Singapore permanentresident who works as acommercial executive with

the Caspian ShipyardCompany (CSC), subsidiaryof Keppel O&M.

Tracy grew up in Chinabut has lived in Singaporefor a lengthy period. Shechallenges herself bystepping out of her comfortzone – in 2004, she wasseconded to CSC and basedin Baku, Azerbaijan. TheCaspian region is excitingand exotic as it is off thebeaten path but workingthere poses its challenges –especially for women – beinga Middle East country.

“As a woman in this industry,we face limitations anddisadvantages over malecounterparts . . . Whennegotiating contracts in theMiddle East, men prefertalking to their own gender– I usually need my malecolleagues with me whenI attend negotiation

meetings,” Tracy said. Butshe added that women seemless daunted now as “there’sa recent trend of morewomen joining this so-calledmale-dominated industry”.

Tertiary institutions BTcontacted agreed that theintake for courses related tothe marine industry has beenhealthy over the past fewyears.

The situation is still far fromperfect as there have beenoccasions where “malecolleagues question femaleability and authority assupervisors”, Tracy said. Sheadded that what motivatesher is an old Chinese saying– “Be influenced by whatone constantly sees andhears”. She said, “I guessover time, I’ve nurtured a‘global mindset’ and amready to be deployed to anypart of the world.” keppelite

Dawn Chin surrounded by ring of friends

Tracy Lu, a global citizen

36 People


Keppelites Abroad

Ken-do in KazakhstanFor someone who dislikestravelling, Kenneth LongHian Seng, CFO of KeppelKazakhstan, has gone theextra mile for work, havingbeen posted overseas incountries like China and asfar as Azerbaijan. Posted toAktau, Kazakhstan, sinceearly 2006, Kenneth sharedwith Keppelite thechallenges of working in aforeign and faraway landduring a recent trip home.

Attracting worldwide interestwhen its oil fields werediscovered circa 1979,Kazakhstan’s rich historyspans from colonisation bythe Russian Empire, to Sovietrule before its declaration ofindependence in 1991. Thecountry has since madesignificant progress inopening its doors to theworld and its bountifulopportunities attractedKenneth to take the routeless travelled.

While it is exciting to witnessthe changes in the country,life there has not been abed of roses. One of thechallenges Kenneth faced atwork was communicationwith his local colleagues. Fewspeak English fluently. Tomake himself understood, hefound himself having to cutback on ‘complicated’ words

and picked up simpleKazakh phrases to bridgethe communication gap.

Another uphill challengewas the task of peoplemanagement. The nature ofthe local people is aptlydescribed by the word“Kazakh” itself. Derivedfrom an ancient Turkic word,it means “independent, afree spirit” and reflects thenomadic lifestyles of theirancestors who roamed theland on horseback.

Another factor that Kennethhad to take intoconsideration is the culturaldifferences between theWestern and EasternKazakhs. Western Kazakhswho live closer to theCaspian Sea tend to retaintheir independence anddislike taking orders. Theircounterparts from the Eastare easier to manage in anoffice environment as theylive closer to China and aremore open to the idea ofcorporate structure orhierachy. It took him a yearto learn how to manage thelocal team.

Work challenges aside,domestic life there tooksome getting used to. Thewater supply in Aktau can beunpredictable during the

transitional periods betweenseasons. There were weekswhen Kenneth had to gowithout water supply. He hassince learned to store water– something we take forgranted living in Singapore.

Kenneth has also developedanother unusual habit – hebuys things in bulk. Salariesin Kazakhstan are normallyissued at the end of themonth so supermarkets onlystart displaying their stocksjust before that period.People there bulk buy so ifhe went to the supermarketin the middle of the month,there would be little left onthe shelves.

In spite of these challenges,Kenneth exemplifies Keppel’s

Can Do! spirit by taking themhead on and resolving toovercome them. “I’m willingto try anything! Kazakhstanis a place full of opportunitiesand full of gold,” Kennethenthuses.

For Keppelites thinking ofventuring into Kazakhstan,Kenneth encourages themto go without expectationsand be adaptable, flexibleand patient.

Having returned to Aktauwhen Keppelite last spoketo him, Kenneth’s partingwords showed howKazakhstan has come to behome to him.

“I am back in the worldwhere I belong.” keppelite

Kenneth Long makes new home in Kazakhstan with a smile

People 37


Growing up in the easternChinese town of Wenzhou,Cai Wendong would ratherfish than study. Little did heimagine that ten years on, hewould be studying for hisdiploma in Offshore andMarine technology at NgeeAnn Polytechnic in Singaporewhile providing for hisfamily.

His Singapore dream beganin 1998 when he saw anadvertisement for a job inSingapore. Encouraged byhis family and friends, heembarked on a six-hour busride to Shanghai for a jobinterview with KeppelOffshore & Marine. It was ajourney that would land himthousands of miles awayfrom his country to settle inSingapore.

Pursuing the Singapore DreamWendong aced the interviewand was hired on the spot.His interviewer, Ng SiongSeng, Assistant SectionManager at Keppel Shipyardwas impressed withWendong’s dynamism aswell as his intellectdemonstrated through awritten test.

He started out as a pipe fitterin Keppel Shipyard, learningthe ropes from his superiorsand colleagues. He adaptedquickly and his diligence andpotential resulted in hispromotion as Foreman(Piping), this, despite theeconomic downturn of thelate 90s.

On Wendong’s performance,Siong Seng commented,“Wendong is forthcoming

with ideas to solve aproblem. He is always readyto take the lead and hiscolleagues and supervisorsare very impressed with hisdetermination and hardwork.

“That is why we are morethan willing to support himin furthering his studies, fromtaking English courses to theNational Institute of TechnicalEducation Certificate courseand now the three-yearDiploma course in Ngee AnnPolytechnic.”

Wendong, 29, enjoys hiswork at the shipyard. Afterseeing his story appear in theStraits Times (28 April 2007),he says he is proud to be anambassador of Keppel ininspiring others to pursue theSingapore dream.

Working in Keppel’s Tuasshipyard, he enjoys theopportunity to meet peoplefrom all over the world,grow in an internationallyrenowned company andwork on larger than lifestructures. One of theprojects he is presentlyundertaking the conversionof a Floating ProductionStorage and Offloadingvessel (FPSO).

Contrary to popular belief,the shipyard is a very safeplace to work in, he says.Not only does the safeworking environment inspire

confidence in him but italso helps promote thecamaraderie where everyonelooks out for each other.

Along the way, he has mademany friends from allnationalities. From notknowing a word of English,he is now proficient enoughto conduct the interview inEnglish and more than adeptat ‘sign’ language as well,which was the first mode ofcommunication with hiscolleagues when he firstarrived.

“I love roti prata and Indianmovies,” he said, breakinginto his ‘Bollywood’ accent.Now a supervisor, he dishesout the same advice torookies that his boss oncegave him. “I tell them thatwhen you are young, it isgood to attend courses andlearn as much as you can,”he says.

Wendong met and marriedcompatriot Fuang Ying, 31,in Singapore. Their first child,daughter Jia Ling, was bornlast month. He wants hisdaughter to grow up inSingapore and go touniversity some day.

Today, Wendong is aSingapore permanentresident, an officer in ashipyard and the proudowner of a four-room HDBflat. He is now living theSingapore dream. keppelite

Cai Wendong (Centre), with his wife (left), daughter, and Mum (right) settling into theirSingapore Dream

38 Team


The Inter-SBU Games (iSBUG)is back with more punch. Ontop of the regular mix ofgames like basketball, 7-a-side soccer, 8-ball pool,badminton, bowling, dartsand golf, a new challengeawaits: the verticalmarathon.

GET VERTICALThe first vertical marathon inSingapore was held atthe former Westin Stamfordon 3 May 1987. 180participants braved 1,336steps in their quest up the73-storey hotel, the world’stallest hotel at the time. Thefastest runner took onlyseven minutes and 20seconds to reach the top.

This record was broken on4 June 1989 by anotherrunner at the third annualvertical marathon, clockingthe fastest time of six

Meeting the challenge ofRising Beyond

minutes and 55 seconds. Theevent also raised $20,000for the Community Chest ofSingapore.

Participants of iSBUG’svertical marathon will rise tothe challenge at One RafflesQuay’s North Tower.Standing at a height of morethan 800 feet, this 50-storeytower is the fifth tallestbuilding in Singapore.

“The introduction of thevertical marathon is in linewith this year’s theme ascompetitors are literallychallenged to “rise beyond”,to reach the top,” sharedPang Yong Song of KeppelShipyard who is co-headingiSBUG 2007 with TinCheong Hoe, also fromKeppel Shipyard.

More than 850 sportsenthusiasts Group-wide

GAMES AT A GLANCE

Event Date Venue

Golf 29 June 2007 Raffles Country ClubDarts 1 July 2007 Serangoon Garden

Country ClubBadminton 15 July 2007 Choa Chu Kang

Sports HallPool 22 July 2007 Pool FusionBasketball 29 July 2007 Basketball Association

of SingaporeSoccer 5 August 2007 Bukit Timah FieldBowling 12 August 2007 Safra Mount FaberVertical 19 August 2007 One Raffles Quay –

Marathon North Tower

38 Team

took part in iSBUG 2006 andthe organisers are expectingmore this year.

Numerous pre-gamesactivities have already takenplace such as the iSBUG 2007Flag Design Competitionwhich not only helped fostercamaraderie within eachcompeting entity but createda new identity for theGames.

A Most Valuable Playeraward will also be introducedfor the first time this year torecognise Keppelites whocontribute significantly to hisor her team.

Yong Song added, “As withprevious years, we try toinclude a community aspectto the iSBUG. This year,we will be introducinga corporate challengeprogramme whereby tenantsof the building will be invitedto take part to raise funds forour adopted charity, theAssociation of Persons withSpecial Needs.”

For more details, visitwww.keppelscholars.com .

Keppelites, get ready to risebeyond at iSBUG 2007! keppelite

Team 39


T h e f r i e n d l y‘neighbourhood’ in KeppelLand will be treated to anew spin of wellnessactivities as the 06/07committee hands over thebaton to the 07/08committee which will bechaired by IT ManagerJohn Romano Rafol. Andwhat better activity tomark the exit and entrythan with a blockbustertriquel – Spiderman 3.

It was a must-go event notonly to be enjoyed byKeppelites in Keppel Landbut with families andfriends.

J a c q u e l y n W o n g ,Township Market ing

Web of wellness

Manager, who brought herhusband and two children,expressed appreciation of theget-together. “It encouragedinteraction with colleagues,as we got all excited aboutthe movie and meeting upwith families for a good timetogether,” she said.

Keppelites in Keppel Landcan look forward to moreof such get-togethers asJohn shared, “This year’stheme will centre onWork, Health and Familyintegration, so Keppelitescan look forward to morefamily related activities.”

Coming right up is theweekly badminton clinic.Pass the shuttlecock, mate.keppelite

Itsybitsy spider draws huge response from Keppel’s employees

Keppel FELS Employees Union (KFEU) has elected its ExecutiveCommittee (ExCo) for the term of office from 2007 to 2010.The election took place during the 8th Triennial DelegatesConference on 9 May 2007.

The new ExCo include:

Name Position

1 Muhamad Shah Mohd Sahid President2 Musa Daud Vice-President3 Atyyah Hassan General Secretary4 Sanusi Marsudi Asst General Secretary5 Alias Talib General Treasurer6 Goh Bak Seng Asst General Treasurer7 Ab Wahab Anwar Executive Committee8 Arsad Saad Executive Committee9 Cheong Keng Yoong Executive Committee10 G Shamin Kumar Executive Committee11 Lai Yow Leong Executive Committee12 Yap Huat Hin Executive Committee13 Yong Meow Seng David Executive Committee14 Zali Ali Executive Committee15 Lim Chin Siew (NTUC) Executive Secretary

Union getsnew ExCo

At the helm of the KFEU are (from left), Lai Yow Leong, Zali Ali, Ab Wahab Anwar, CheongKeng Yoong, Atyyah Hassan, Muhamad Shah, Lim Chin Siew, Musa Daud, G Shamin Kumar,Arsad Saad, David Yong, Sanusi Marsudi, Yap Huat Hin and Goh Bak Seng


40 Team


Enjoying the view from high

A beautiful island shapedlike a sweet potato. Twoincongruous but truedescriptions of Taiwan. Theold name of Taiwan, Formosacomes from the PortugueseIlha Formosa for ‘beautifulisland’ and if you look at amap of Taiwan with a littleimagination, it does resemblea sweet potato.

It is quite apt too that whenit comes to food, Taiwan canbe paradise. This wasdiscovered by Keppeliteswho joined the KeppelRecreation Club on theTaiwan Trip from 27 April to1 May 2007.

For those planning a trip toTaiwan, the reviews of our

Food trail in TaiwanKeppelites will help narrowthe must-visit, must-do list.

At Wu Fan Pu Plaza,affordable ready-madeclothes can be foundin abundance. To takeshopping to greater heights,there is the Taipei 101Shopping Mall currently thetallest skyscraper in theworld. However, be warnedthat imported goods aresubjected to high taxes.Opting for a different thrillinstead, some Keppeliteswere there to experiencethe fast elevator ride up89 storeys in 37 seconds.

Shopping aside, there werefood galore for theindulgent. At Chiufen

Slurping down Taiwan’s famous oyster mee sua

Village, the travellers not onlytried local desserts such astaro and sweet potato balls;they also had a glimpse ofthe village’s history as a goldmining centre.

Moving on to Tamsui, a placeknown for fresh seafood, thetown is also home to theLovers’ Bridge which is apopular spot for catching thesunset over the Taiwan Straithorizon.

Another must-visit is theShihlin Night Market whichis renowned for deliciouslocal food. Just to namesome goodies – oyster meesua, big barbequedsausages, bittergourdhoney tea, snowflake ice-cream and you chung bing(Chinese prata).

The trip also served as abonding session for fellowKeppelites and their families,and what better time thanover fun and food. keppelite

Team 41


Community 41

Volunteering to go green inone’s everyday can make ahuge difference to savingMother Nature. This month,an eco-friendly message byKeppel Volunteers sharedhow every one can volunteerto protect the environment.

The humble plastic bag hasa huge impact on theenvironment:– Clogs up drains leading to

Volunteer to go greenstagnant water andmosquito breeding

– Spoils nature trails,beaches and chokes upmangroves and marine life

– Heat is contributed to theenvironment due to thelarge amount of energyrequired to produce plasticbags

– Toxic gases are releasedwhen plastic bags areburnt

– If each family uses one lessplastic bag a week,Singapore could save morethan 50 million bags eachyear.

Protecting the environmentis everyone’s business andyou can start with the smallsteps today:– U s e j u s t e n o u g h

plast ic bags to car rypurchases

– Use reusable bags duringshopping trips

– Use your pockets whenbuying only a few smallitems

– Avoid using plastic bagsto carry products alreadypackaged with a handle

– Save used plastic bags forthe next trip or use themas waste bin liners

– Reuse or recycle plasticbags keppelite

Every dollar counts. Be it forenabling research for cancer,childhood disorders, eyediseases and neurosciencesor stem cell research, each

Raising funds for lifecontribution goes a long wayto saving lives.

With this cause in mind,volunteer staff from Keppel

Offshore & Marine (KeppelO&M) went out to the streetsto raise funds as part of thetwo-month long SingHealthFoundation’s ‘SavemoneySavelives Campaign 2007’.

Launched by Minister ofState for Health, Mr HengChee How, the campaignaims to raise funds forresearch through corporateand individual donations aswell as through the sale ofdiscount voucher bookletscosting $6 each.

“It is a worthy cause for usto help promote awarenessof this research programwhich can potentially savelives of many futuregenerations,” said Ms ChewMei Yong, volunteer stafffrom Keppel O&M.Keppel’s volunteer staff raise funds to aid life-saving research

“We could not have done itwithout the support ofKeppel O&M. It is fantasticto have the volunteers’assistance and their supportcontributes greatly to thisprogramme. It is the secondyear running that we havesupport from the companyand we hope to continue thispartnership into the future,”said Dr Kwa Chong Teck,Director of SingHealthFoundation.

Keppel O&M is participatingin this event as a MajorPartner along with agenerous donation of$50,000. SingHealthFoundation is also looking tobreak last year’s record byraising $300,000. keppelite

42 Community


Supporting communitydevelopment is importantto Keppel as a way of caringand contributing to itsstakeholders and the broadersociety.

For its strong efforts as acorporate citizen andcommunity supporter,Keppel AmFELS was recentlycommended in a localpaper advertisement bythe Brownsville EconomicDevelopment Council(BEDC). The BEDC is a citygovernmental agency whosepurpose is to attract and helpsustain businesses in thecommunity.

The President of the BEDC,Mr Jason Hilts, lauded KeppelAmFELS as a world-classorganisation that hasbecome an integral part ofthe community.

The commendation alsoacknowledges KeppelAmFELS’s success as acorporate citizen. KeppelAmFELS’s strong emphasison social responsibility hasbeen realised through itsconsistent support towardscommunity, educational andwelfare organisations.

Since establishment in 1990,Keppel AmFELS has workedto benefit Brownsvillethrough the creation ofengineering scholarshipswith the University of Texas

Brownsville lauds Keppel AmFELS

at Brownsville (UTB) and theUniversity of Texas at PanAmerican.

Keppel AmFELS partnersUTB in a programme forstudents in the Drafting andEngineering departments towork and gain professionalskills as apprentices. Workingclosely with several local highschools to develop andprovide welder trainingprogrammes, KeppelAmFELS also provides jobopportunities to thousandsin the community each year.

Over the last seven years,Keppel AmFELS has alsocontributed more than amillion dollars to efforts toimprove the lives of familiesand children in Brownsvillethrough United Way ofSouthern Cameron County

(United Way). United Way isa reputable non-profitvolunteer organisation thatinvests in programmes tomeet the basic family andchildren’s needs.

At an appreciation luncheonon 27 April 2007, KeppelAmFELS was welcomed toUnited Way’s Million DollarClub, an award recognisingcontributors who surpassedthe million dollar mark.The shipyard is one oftwo contributors withinBrownsville that has beenconferred this distinction.

Besides donations fromemployees, the yard had alsosupplied manpower andlogistical resources to helpUnited Way during many ofits fund raising events andactivities.

In appreciation of the yardfor its support, Mr NickMitchell Bennett, ResourceDirector of United Way,said, “When the militaryneeds advice on how to planand organise the logisticsrequired for moving anddeploying thousands oftroops fast, they should turnto Keppel AmFELS.

“During our fund raiserevents at several towns inBrownsville, I was amazed atthe speed Keppel AmFELSorganises its people despitethe workload in the yard.Thank you for your supportover the last seven years!”

For Keppel AmFELS, it is trulyan honour to continue beinga part of the community andto work with the local peopleto make Brownsville a betterplace. keppelite

Keppel AmFELS is recognised as United Way’s Million Dollar Club member for its contributions

Community 43


volunteers


Springing interest in NEWater

Keppel

found the time spent withthe APSN students ameaningful experience.

“This is my fifth timeparticipating in a KeppelVolunteers event. I hadalways enjoyed being inthe company of our APSNstudents as they are alwaysso enthusiastic about thingsthey do. In this tour, we alllearnt the importance ofwater and how to cherishthis precious resource,”expressed Siew Huey.

Sharon Seo, ViceChairperson of KeppelVolunteers, commented,

Multimedia presentations,interactive games, andquizzes. With so much to seeand do, the air was chargedwith excitement at theNEWater Visitor Centre inBedok on 12 May 2007. Itwas another educational triporganised by the KeppelVolunteers for participantsfrom the Association ofPersons with Special Needs(APSN) to learn about theproduction, uses andimportance of NEWater.

NEWater is treated usedwater that has undergonestringent purification andtreatment process usingadvanced dual-membrane(microfiltration and reverseosmosis) and ultraviolettechnologies.

Capturing the imagination ofthe visitors was the ‘boatride’ along the reservoirs ofSingapore, where they werechallenged to identify thedifferent types of watersources for different usageand analyse daily water-usehabits in order to reducewastage.

Over lunch, the APSNstudents then applied their

knowledge of water useswith the help of the KeppelVolunteers by exploringanswers to quizzes.

“The APSN students areactive and friendly. I amdeeply impressed by theirquick response to thequestions raised and someof their answers werevery creative,” enthusedBenjamin Xia Tian Peng ofKeppel FELS, a first-timevolunteer.

The APSN students were notthe only ones who benefitedfrom the trip. Wong SiewHuey of Keppel Corporation

“NEWater is an importantsource of water in Singapore.Our objective in organisingthis trip is to educate theparticipants about recycledwater and to createawareness among Keppelitesof Keppel Seghers’s recentcompletion of Singapore’sfourth and largest NEWaterplant at Ulu Pandan whichwas officially opened byPrime Minister Lee HsienLoong.

“It is heartening that manyKeppelites brought theirfamily members along forthis event. I hope moreKeppelites will join us inthese events in the future”.keppelite

Opportunities for learning and interaction abound at Keppel Volunteers events

BackPage44


Keppel AmFELS delivers firstScorpion rig

Keppel AmFELS has delivered Offshore Courageous, reinforcing Keppel’s commitment to itspromise of delivering on-time and quality projects

Keppel AmFELS has deliveredits first jackup drilling rig forScorpion Offshore.

The ultra premium drillingrig, Offshore Courageous,is the first of five jackupsthat Keppel AmFELS isconstructing for ScorpionOffshore. The other four rigsare Offshore Defender,Offshore Resolute, OffshoreVigilant and OffshoreIntrepid.

Said Mr Jon Cole, CEO ofScorpion Offshore, “The on-time delivery of OffshoreCourageous is crucial toScorpion Offshore’s goal ofproviding superior solutionsto our customers in theul t ra-premium jackupmarket.”

Mr Ho Cheok Yuen,President and CEO of KeppelAmFELS, said, “KeppelAmFELS and ScorpionOffshore share a win-winpartnership. The closecollaboration and opencommunication between theteams are key factors thatcontributed to the success ofthe project.

“As with many shipyardsworldwide, Keppel AmFELSis faced with high level ofactivities. The on-timecompletion of OffshoreCourageous demonstratesour commitment to

delivering on our promisethrough strong andeffective execution of ourprojects.”

Mr Cole added, “KeppelAmFELS is the builder ofchoice for Scorpion Offshore.With their excellent trackrecord in rig constructionand our close workingrelationship, we have beenable to minimise delays andcost overruns.”

The second rig, OffshoreDefender, was launched on31 March 2007. The rig isnow undergoing finaloutfitting, installation ofdrilling equipment andremaining leg sections andcommissioning prior to therig’s delivery in October2007.

The third, fourth and fifthrigs, Offshore Resolute,Offshore Vigilant andOffshore Intrepid, will bedelivered progressively in2008.

All five rigs are built to theLeTourneau Super 116design. With leg lengths of477ft, these rigs can drilldown wells of up to 30,000ftin water depths of 350ft.Upon completion, the rigscan be deployed for bothinternational operations aswell as deep gas drilling inthe Gulf of Mexico.

Environmental Protection.Other ongoing repair andrefurbishment projectsinclude the Pride Louisianafor Pride Offshore.

Scorpion Offshore ownsand operates state-of-the-art offshore drilling rigs.keppelite

Apart from the five Scorpionrigs, Keppel AmFELS is alsoconstructing a KFELS SuperB Class jackup rig OceanScepter for DiamondOffshore, a LeTourneauEnhanced S116 jackup rigAtwood Aurora for AtwoodOceanics and a SludgeVessel “Red Hook” for NewYork City’s Department of

Keppel Group Newsletter Keppelite · Brownsville lauds Keppel AmFELS 42 Keppel Volunteers Springing...

Documents

Transcript of Keppel Group Newsletter Keppelite · Brownsville lauds Keppel AmFELS 42 Keppel Volunteers Springing...