Keppel Group Newsletter Keppelite · In such times, it is easy for companies to become distracted...

Keppelite I December 2009

Keppel Group Newsletter

DECEMBER 2009www.kepcorp.com/ekeppeliteeppel

MICA(P) NO. 2006/12/2008

Keppelite

Winning partnershipsWinning partnerships

Brazil’s preferred

partner 16

Driving a difference

in 2009 24

Hello 2010! 40


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

EditorChua Ying Ying

Editorial CommitteeAgnes Wu, Ang Lai Lee, Catherine Tan, Chen Xi, Cheryl Tang, Diana Chan, Donald Sng, Elizabeth Widjaja, Eva Ho, Faye Chiam, Geraldine Lai, Grace Chia, Hoo Yao Lin,Ivana Chua, Lee Wan Jun, Lee Yin Chiin, Lin Mei Li, Lynette Chong, Lynette Goh, Mak Chui Ling, Marianne Goh, Mohamed Yusof Mohamed, Raymond Chao, Rebecca Ng,Roy Tan, Say Huan Yuan, Serena Toh, Teri Liew, Wong Chai Yueh, Woon Pek Yong, Vett Ramos

Contents

CO REG NO: 196800351N

eppel

SUSTAINING GROWTHBreaking ground in Tianjin Eco-City 4

Keppel O&M clinches $160 million contracts 6

Giving new life to vessels 8

A cool buy 9

Keppel sets 13-rig record for 2009 10

Hot properties 13

Fuelling a sustainable future 14

Brazil’s preferred partner 16

New key executives for Keppel T&T 20

Good governance 21

Set on safety

Fiery focus 22

Winning assets 23

SPECIAL FOCUSDriving a difference in 2009 24

Celebrating milestones 30

Building green capabilities 31

Spring sensation

No winter’s tale at Åmotfors 32

Delivering more with expansion 33

Toehold in Big Foot field

Calling on Nantong 34

Safe and swift service

Expanding for the future 35

Visiting the world’s largest turret 36

Delectable delights

Ocean’s eleven 37

Renewing ties 38

EMPOWERING LIVESStrengthening people management skills 39

Hello 2010! 40

Can Do amidst pressure 42

Festive tidings 45

Keppelites AbroadSelf-discovery in Shanghai 46

Health is wealth 47

NURTURING COMMUNITIESSinterklaas comes to town 48

Season of goodwill 49

Patron of the arts 50

Deck the halls with boughs of jazz

Keppel VolunteersGift of life 51

BACK PAGEKeppel to build Vietnam’s first SSDT 52

42

16

Cover image: Warm ties for a successful Tianjin Eco-City – (from left) Dr Lee Boon Yang, Chairman ofKeppel Corporation and Mr Teo Soon Hoe, Senior ED and Group Finance Director of Keppel Corporation withMr He Lifeng, Deputy Party Secretary of the Communist Party of China Tianjin Municipal Committee

9


What a year!

2009 had the world on a roller coaster. The suddendrop from the giddy heights of previous ‘fat’ yearsand the numerous twists and turns which followedhad us reeling. Fortunately, the second half of theyear saw some reprieve when positive effects ofthe various government stimulus packages kickedin.

At Keppel, 2009 was a year where we furtherconsolidated our resources, streamlined operationsand sharpened our competitiveness. Thesedetermined steps have enabled the Group to ridethe challenges of the economic downturn, as wellas reassure our stakeholders that we will emergestronger from the crisis.

Our CEO, Mr Choo Chiau Beng, had preparedKeppelites right at the onslaught by rallying ustogether to keep Keppel fighting fit.

A significant milestone in the year was thearticulation of the Keppel Group Vision, Missionand Core Values. This was timely as it provided acommon goal and common language forKeppelites as we drive ahead for strong resultsdespite.

In such times, it is easy for companies to becomedistracted by difficulties at hand and neglect thehuman element in the business. Not for Keppel.Fortifying human capital was a key focus in 2009.

To ensure the continued attraction and retentionof talent, people development initiatives gained

new momentum with the setting up of KeppelCollege. At the operational level, skills upgradingprogressed unabated to enhance the productivityand efficiency of each and every worker. Sharingof expertise and strengthening of skillsets were alsoevident across the Group.

Safety too remained high on the Group agenda.The call for ownership with the slogan, “SafetyStarts With Me. Together We Care”, encapsulatesKeppel’s commitment to the safety journey.

On the business front, we stayed focused onexecuting all our existing projects well, whileworking hard to leverage core competencies fornew opportunities. The Group’s balance sheet wasfurther strengthened with the sale of our stake inSingapore Petroleum Company and the rightsissues of Keppel Land and K-REIT Asia. Evergro wasprivatised to benefit Keppel Land with a largercombined regional portfolio. We became the onlyprivate operator of waste-to-energy plants inSingapore with our two waste-to-energy plants.The Sino-Singapore Tianjin Eco-City, in whichKeppel leads the Singapore consortium, is alsomaking significant strides forward.

In good times or bad times, we remain firm onour fundamentals with an eye on the future. Thishas enabled Keppel to emerge wiser and stronger.We welcome 2010.

EditorialRebalance, recharge, renew


4 Sustaining Growth


4 Sustaining Growth

Senior management fromthe Keppel Group includingDr Lee Boon Yang, Chairmanof Keppel Corporation,Mr Choo Chiau Beng, CEOof Keppel Corporation,Mr Teo Soon Hoe, GroupFinance Director and SeniorED of Keppel Corporationand Mr Kevin Wong, GroupCEO of Keppel Land, were onsite in Tianjin to mark thisimportant milestone inKeppel’s involvement in theSino-Singapore Tianjin Eco-City (Tianjin Eco-City) project.

Amongst distinguishedguests who joined in the

Breaking ground in Tianjin Eco-CityOn 27 November 2009, the Keppel Group commenced work on its 35.4-ha site inthe Start-Up Area of the Sino-Singapore Tianjin Eco-City, and is the first foreignproperty developer to push ahead with the construction of eco-homes in amasterplanned integrated precinct.

Senior management from the Keppel Group and guests from the Singapore government and Tianjin authorities laying the foundation for Keppel’s quality eco-development in the Tianjin Eco-City

groundbreaking ceremonywere Mr He Lifeng, DeputyParty Secretary of theCommunist Party of ChinaTianjin Municipal Committeeand Director-General ofTianjin Binhai New Area(TBNA) AdministrativeCommittee, Mr CuiGuangzhi, Vice Chairmanof Sino-Singapore TianjinEco-City AdministrativeCommittee (ECAC), othersenior TBNA and ECACrepresentatives andtop management fromTianjin Eco-City Investmenta n d D e v e l o p m e n tCompany Ltd.

With the commencement of worktoday on Keppel’s development,we are making significant stridesforward in our contribution towardsthe vision for a vibrant community ina desirable eco-driven live-work-playenvironment in Tianjin Eco-City.

This will be Keppel’s showcase forsustainable developments in Chinaand we will realise this vision withour competencies and experience.Mr Choo Chiau BengCEO, Keppel Corporation


Sustaining Growth 5

Lending support from theSingapore government wereBG (Retd) Chin Siat-Yoon,Singapore’s Ambassador toChina and BG (NS) TayLim Heng, Deputy Secretary(Development) from theMinistry of NationalDevelopment who alsograced the ceremony.

In his congratulatoryremarks, Ambassador Chinhighlighted that being thesecond flagship co-operationproject between Singaporeand China after the SuzhouIndustrial Park, the smoothand successful developmentof the Tianjin Eco-City hasthe support and attention ofChina’s top leaders.

“With the commencementof work today on Keppel’sdevelopment, we are makingsignificant strides forward inour contribution towardsthe vision for a vibrantcommunity in a desirableeco-driven live-work-playenvironment in Tianjin Eco-City. This will be Keppel’sshowcase for sustainabledevelopments in China andwe will realise this visionwith our competencies andexperience,” said Mr Choo.

Keppel Land has beenappointed project managerfor the Keppel development.

With its successful trackrecord in masterplanningand executing large-scaleintegrated townshipdevelopments in Asia,Keppel Land has broughttogether an internationalteam to lend expertise andshare best practices in thisproject.

The team includes Palmer& Turner Consultants,Rocky Mountain Institute,a renowned US-basedconsultant on sustainablesolutions, Parsons Brinkerhoff,one of the leading engineeringconsultancy firms with vastexperience in China andeco-projects, and EDAW, aninternationally acclaimedlandscape consultant.

In line with Keppel’scommitment to the vision forthe Eco-City, the homes andcommercial properties will bedeveloped according to theTianjin Eco-City’s GreenBuilding Evaluation Standardas well as the Green MarkGold standard of the Buildingand Construction Authorityof Singapore.

The Keppel development isstrategically located alongthe Eco-Valley, the ecologicalgreen spine linking majortransit nodes, residentiald e v e l o p m e n t s a n d

Sino-Singapore TianjinEco-City Investment andDevelopment Co., Ltd.( S S T E C ) s i g n e d aM e m o r a n d u m o fUnderstanding withSamsung C&T Corporation(Samsung C&T) on1 December 2009, tocreate the first-of-its-kindgreen central businessdistrict (CBD), or Eco-CBD,in the Tianjin Eco-City.

SSTEC and Samsung C&Twill use an integratedapproach to urban designand masterplanning overfuture sites of more than68 hectares in the Eco-CBD, and thereafter applysuitable solutions rangingfrom green urban andarchitectural designs togreen buildings andtransport.

This is a bold attemptthat will challenge theconventional norms of

Pioneering an Eco-CBD

e n v i r o n m e n t a ldegradation, pollution andresource-inefficiency thatare often associated withCBDs around the world.

A s a g r e e n f i e l ddevelopment, the Eco-Cityprovides a uniqueopportunity for theshaping of both thehardware and software ofthis Eco-CBD.

Both sides will alsowork together withinternationally accreditedregulatory bodies forrecognition of thisgroundbreaking initiative.

Master developer of theTianjin Eco-City, SSTEC is a50/50 joint venturebetween the SingaporeConsortium led by theKeppel Group, and theChinese Consortium led byTianjin TEDA InvestmentHolding Co Ltd.

commercial centres. It is alsoclose to the commercial sub-centre which is located nextto a planned light rail station,and the Eco-Business Park.

Keppel Corporation andKeppel Land have interests of45% and 55% respectivelyin the Keppel development.keppelite

6 Sustaining Growth


Keppel Offshore & Marine(Keppel O&M), through itssubsidiaries, Keppel Shipyardand Keppel FELS, hassecured contracts worth$160 million.

The contracts are for aFloating Production Storageand Offloading (FPSO) vesselconversion, a Derrick LayBarge completion andthe life extension of asemisubmersible rig.

Mr Tong Chong Heong, CEOof Keppel O&M said, “Asmarket sentiments liven up,

Keppel O&M clinches contractsworth $160 million

we are receiving moreenquiries with some newcontracts materialising in thelast quarter of this year.

“Including these latestcontracts, for the year-to-date, the Keppel O&Mgroup has secured contractstotalling more than$1.7 billion. Overall, thenew contracts have helpedto replenish our orderbook aswe end a peak year ofdeliveries.”

KEPPEL SHIPYARDKeppel Shipyard secured a

contract for the conversionof an FPSO from EmasOffshore Construction andProduction (EOCP), asubsidiary of EOC Limited(EOC).

This is the second projectKeppel Shipyard willundertake for EOCP, havingcompleted the conversion ofLewek Arunothai, an FPSOfor deployment in Thailand.

Mr Lim Kwee Keong, CEOof EOC, said, “We arelooking forward to anothersuccessful project with

Keppel Shipyard. They haveproven to be a reliablepartner to execute ourprojects successfully andsafely. We are glad to haveKeppel Shipyard’s expertiseas we grow our fleet ofpremium FPSOs in theregion.”

The conversion of theSuezmax tanker into an FPSOis expected to be completedin 1Q 2011 and will be ableto produce up to 50,000barrels of oil per day (bopd),and store about 680,000barrels of oil.

The new contracts garnered in 2009 have replenished Keppel O&M’s orderbook as it wraps up a year of record deliveries


Sustaining Growth 7

The converted FPSO unit willbe leased to Premier OilVietnam Offshore B.V. forthe development of theChim Sao field, offshoreVietnam.

The major scope of workfor the conversionincludes refurbishment andlife extension works;accommodation upgrade;fabrication and installationof topside modules andturret mooring system, flaretower, helideck and piperacks; tank coating work;structural steel additionsand new piping systems.It will also feature aninternal turret designedby EOC’s associatecompany, London MarineConsultants.

EOC provides offshoretransport, installation,construction and floatingproduction services thatsupport the entire life cycleof offshore oil & gasproduction. The company isan associated company ofSingapore Exchange-listedEzra Holdings Limited, theleading integrated offshoreservice provider with a broadrange of offshore supportvessels for charter to cater tothe entire oil field life cycle.

Separately, Keppel Shipyardhas also secured a job tocomplete the NorCEEndeavour, a Derrick LayBarge for NorCE Offshore.

Keppel Shipyard willundertake the installation

of various equipment, thefurnishing of a new 284-menaccommodation block, thefabrication and installation ofoutfitting steel, paintingworks, as well as assist in thevessel’s commissioning.

Scheduled for completion in2Q 2010, the 146 metre-long barge will incorporate amodern 1100 metric tonneringer crane and advancedpipe-lay equipment, whichwill enable it to operate fora wide range of offshoremarine construction activitiesin the region.

NorCE Offshore wasestablished through parentcompany Nor OffshorePte Ltd of Singapore. NorOffshore is a joint venture

between Solstad OffshoreASA of Norway andNortrans Invest Ptd Ltd, aSingaporean investmentholding company.

KEPPEL FELSMeanwhile, Keppel FELS haswon a job to repair andperform life extensionworks on MG Hulme Jr, adeepwater semisubmersiblerig for Transocean Ltd.

Work on the rig is expectedto commence in 1Q 2010when the vessel arrives fromWest Africa. The scopeinvolves the refurbishment ofexisting accommodation,installation of a newaccommodation block andhelideck, various machineryoverhauls and inspections.

The vessel will be deployedto operate in Libya forGazprom upon its scheduleddelivery in 2Q 2010.

“We would like to thankour customers EOC, NorCEOffshore and Transocean fortheir continued support andtrust in Keppel O&M and oursubsidiaries. As we continueto pursue new jobs, weremain committed to deliveron our promises and be theglobal industry’s preferredoffshore and marinepartner,” Mr Tong said.

Transocean, the world’slargest offshore drillingcontractor, provides the mostversatile fleet of mobileoffshore drilling units to helpclients find and develop oiland natural gas reserves.keppelite

8 Sustaining Growth


Keppel Verolme hascontinued to meet customerdemand for repair work overthe past few months. With anew contract secured fromSaipem in November, theyard will be kept busy in thecoming year.

This latest contract involvesthe repair and modificationworks of semisubmersiblepipelay vessel, Castoro Sei.Keppel Verolme will overhaulfour thrusters, install newstinger handling supportrails, as well as repair andmodify the onboard gantrycranes and fendering systemof the vessel. Castoro Sei willalso undergo an extensivehull blasting and paintingprogramme.

Giving new life to vesselsScheduled to be completedin the first quarter of 2010,Castoro Sei will be deployedin the Nord Stream gaspipeline project in the BalticSea that links Russia and theEuropean Union.

Mr Harold Linssen, MD ofKeppel Verolme, said, “Thenew contract demonstratesthe confidence Saipem hasin us. We continue toexecute our projectssuccessfully and to theowner’s satisfaction.”

Echoing Mr Linssen’s positivesentiments, Mr TizianoZarbo, Saipem AssetManager for Offshore fleet,said, “We had an excellentworking experience with

Keppel Verolme on therecent drydocking ofSaipem 7000. Consideringthe time constraints andtechnical difficulties involved,we are pleased to againpartner Keppel Verolmewhich has proven to be areliable partner to Saipem.”

In addition, Keppel Verolmealso recently finalised a repairand modification job on ajackup barge, Seajack, ontime and without lost-timeincidents for A2SEA, acompany in the business of

transportation, installationand servicing of offshorewind farms.

Keppel Verolme haddrydocked the barge wherea number of sheaves,shafts and bushes werereassembled and replacedonboard.

Used for offshore windmillinstallations, Seajack has leftfor deployment in the ThanetWind Farm project off thecoast of Kent, England on30 November 2009. keppelite

When completed in the first quarter of 2010, Castoro Sei will be deployed in the Nord Streamgas pipeline project

Keppel Verolme has finalised the repair and modification job for jackup barge Seajack, ontime and safely


Sustaining Growth 9

Keppel IntegratedEngineering (KIE) hasacquired the entire sharecapital of First DCS Pte Ltd(First DCS) from SLI HoldingsPte Ltd (SLI Holdings), awholly-owned subsidiaryof JTC Corporation (JTC), fora cash consideration ofapproximately $88 million.

KIE was the preferred bidderin JTC’s tender for the sale ofFirst DCS. The considerationwas agreed by the partieson a willing seller, willingbuyer basis.

As the largest districtcooling systems provider inSingapore, First DCScurrently services ChangiBusiness Park, Biopolis@one-north and WoodlandsWafer Fab Park with atotal contracted capacitye x c e e d i n g 3 5 , 0 0 0refrigeration tonnes.

District cooling systemsdistribute thermal energy inthe form of chilled water orother media from a centralsource to multiple buildingsthrough a network ofunderground pipes,eliminating the need forseparate systems in individualbuildings.

A cool buyKIE acquires Singapore’s largest district cooling systems service provider.

These cooling systems aremore environmentallyfriendly as they enablebuildings to consume 10-20% less energy than thoseusing conventional airconditioning. The energy-efficient and space-savingattributes allow such systemsto address the needs of citycentres, large productionplants, hospitals andproperty developments.

Deputy Chairman of KIE,Mr Michael Chia, said, “The

Mr Manohar Khiatani (left), CEO of JTC, and Mr Tong Chong Heong, Chairman of KIE, at the signing ceremony

transaction complementsand broadens KIE’s existingcapabilities in environmentaltechnology solutions andfacilities management.

“First DCS will not onlyprovide an additionalrecurring income stream forKIE, but also allows KIE toexplore more opportunitiesarising from the drive formore environmentallyfriendly and energy-efficientsolutions in Singapore andthe region.

“We are committed todeliver excellent service andmaintain our long standingpartnerships with all of FirstDCS’ customers, includingJTC, who remains a majorcustomer.”

Based on its audited balancesheet as at 31 March 2009,the net asset value of FirstDCS was $63,661,000.Mr Joseph Ng Moi Boonwill remain as CEO and EDof the company. keppelite

10 Sustaining Growth


December proved to be abusy month for Keppel FELSwith the naming of EnscoInternational’s (Ensco)ENSCO 8502 and SeadrillLimited’s (Seadrill) WestVencedor taking placeon consecutive Saturdaymornings. With these twoprojects, Keppel FELS topsout a record year with 13 rigdeliveries.

DEEPWATER LEADERENSCO 8502 is the third ofseven ENSCO 8500 Series®

semisubmersible drilling rigswhich Keppel has beencontracted to buildexclusively for Ensco.

Following her delivery,ENSCO 8502 will commenceoperations in the US Gulf ofMexico in the second quarterof 2010, under a two-yearcontract with NexenPetroleum U.S.A. Inc.(Nexen).

On 5 December 2009, therig was named by LadySponsor, Mrs CambriaReinsborough, wife ofMr Brian Reinsborough,President of Nexen, in thepresence of Guest-of-Honour, Mr Heng Chee How,Singapore’s Minister of State,Prime Minister’s Office.

Mr Daniel Rabun, Chairman,President and CEO ofEnsco, said, “We are verypleased with Keppel FELS’s

Keppel sets 13-rig record for 2009

construction of the ENSCO8500 Series® ultra deepwaterrigs.

“We have already investedmore than half of theUS$3 billion committed tothe ENSCO 8500 Series®

newbuild programme andwe are well on our waytowards having the world’slargest fleet of ultradeepwater semisubmersiblescapable of drilling in waterdepths of 7,500 feet ordeeper.”

Mr Tong Chong Heong,CEO of Keppel Offshore &Marine (Keppel O&M), said,“The Keppel and Enscowin-win partnership hasflourished with solid trust andteamwork developed overtwo decades of collaboration.

Sharing the fruits of their success with the community are Ensco and Keppel, presenting a joint donation of $15,000 to CEO of St Luke’sElderCare, Mr Lee Chee Yeng (extreme right), witnessed by Guest-of-Honour, Minister of State Mr Heng Chee How (second from left)

Mr Daniel Rabun (left), Chairman, President and CEO of Ensco and Mr Tong Chong Heong,CEO of Keppel O&M, celebrating the naming of ENSCO 8502 at Keppel FELS


Sustaining Growth 11

“As a result of ouraccumulated experience andin-depth understanding ofthe ENSCO 8500 Series®, wehave managed to improveconstruction lead time by1.1 million manhours forENSCO 8502, as comparedto the first rig in this Series.This represents a 15% boostin efficiency.

“For the next four ENSCO8500 Series® rigs, we areconfident of timely deliveriesas we support Ensco inlaunching a fleet of quality,high performance ultradeepwater rigs.”

Keppel O&M, through itsglobal network of yardsdelivering on its ‘NearMarket, Near Customer’strategy, constructed 10 ofEnsco’s world-class jackups,which form a substantial partof the rig owner’s premiumfleet of 42 jackups.

When the ENSCO 8500Series® is completed, Keppel-built rigs will make up30% of the driller’s fleet.Construction of theremaining platforms is onschedule, extending from thefourth quarter of 2010 into2012.

Shortly after the celebrations,work at the yard resumed asKeppel FELS struck firststeel for ENSCO 8506 andlaid the keel for ENSCO 8505on 15 December 2009.

WINNING SOLUTIONSMeanwhile, West Vencedor,

the sixth of seven KFELSsemisubmersible drillingtenders (SSDT) built byKeppel FELS for Seadrill, wasnamed on 12 December2009.

The ceremony was graced byLady Sponsor, Mrs MariaLuisa Breisacher-Moshiri,spouse of Mr AlirezaMoshiri, President, ChevronAfrica and Latin AmericaExploration and ProductionCompany.

West Vencedor is expected tocommence developmentdrilling operations offshoreAngola under a five-yearcontract with CabindaGulf Oil Company Ltd, asubsidiary of ChevronCorporation, in the firstquarter of 2010.

Mr Alf Ragnar Løvdal, SeniorVice President of the TenderRigs Division of Seadrill,“Through Seadrill’s 15-yearpartnership with Keppel,we have launched thesuccessful KFELS SSDTTM

series of drilling tendersand established a solidoperational track record inthe market.

“We are very pleased withthe progress of our latestunit, West Vencedor. We areconfident that she wouldcontinue to build on ourtrack record and advance theglobal acceptance of ourdrilling tender solution.”

Mr Wong Kok Seng, ED ofKeppel FELS, said, “The

KFELS SSDT™ has provenits resilience and suitabilityto operate in a variety ofchallenging environmentsworldwide. In addition toSoutheast Asia, this uniquedrilling tender has also beendeployed by Seadrill furtherand deeper in the waters ofWest Africa.

“Our win-win alliance withSeadrill has contributed tothem becoming world’sleading drilling contractor inthe tender assist segment.It has also effectivelypositioned Keppel as theleader and pioneer in thedesign and construction ofdeepwater semisubmersibledrilling tenders.

“We are privileged to partnerour trendsetting customer,Seadrill, and look forward tocontinue supporting themin their fleet expansionprogramme.”

Keppel O&M has constructedfour of Seadrill’s world-classjackups. Construction ofthe seventh SSDT and twojackups at Keppel FELSremain on schedule withexpected deliveries extendingfrom the second quarter of2010 into the second quarterof 2011. When completed,Keppel-built rigs will makeup 35% of Seadrill’spremium fleet. keppelite

Sharing a firm handshake for a long term partnership between Keppel and Seadrill are Mr WongKok Seng, ED of Keppel FELS and Mr Alf Ragnar Løvdal, SVP of Seadrill’s Tender Rig Division

Continues on page 12...



West Vencedor is built toKeppel’s proven KFELSSSDTTM 3600E design whichwas conferred the ASEANOutstanding EngineeringAchievement Award inDecember 2009 for itseco-friendly features andsustainable operations.

Using the latest engineeringmethods and technology, theKFELS SSDTTM designdeveloped by Keppel’sDeepwater TechnologyGroup (DTG), contributessignificantly to environmentalprotection, as well as thesafety of operators involvedin offshore platformdevelopment drilling.

Mr Aziz Merchant, GM

(Group Design & Engineering)of Keppel O&M and Headof DTG, said, “The KFELSSSDTTM design hasrevolutionised drilling tenderoperations, because now wecan use it against a floatingplatform in deep waters upto 2,000 metres.”

In the past, conventionaldrilling tenders could only bedeployed next to fixedplatforms in shallow waters.Keppel FELS achieved abreakthrough with theKFELS SSDTTM, which becamethe world’s first drillingtender to operate in deepwaters.

Before this design wasintroduced, it was virtually

impossible for two floatingunits to operate side by sidein deep sea. The turbulencecaused by strong waves andthe floating units wouldsurely lead to collisions. TheKFELS SSDT’sTM ability tosynchronise random motionbetween the ocean wavesand the floating platform towhich it is attached, makesthis design truly award-winning.

The first of KFELS SSDTTM rig,West Pelaut was designedand built by Keppel FELS in1994. It was conferred thehighly coveted Shell PlatformRig of the year award in2004, 2006 and 2008,attesting to Keppel FELS’sproven track record.

The KFELS SSDTTM project team gained recognition with the ASEAN Outstanding Engineering Achievement Award 2009 win

In recent years, thisversatile design hasdemonstrated its suitabilityto operate in even morechallenging offshoreenvironments, includingthe deepwater ‘GoldenTriangle’ region made upof Brazil, West Africa andthe Gulf of Mexico(GoM).

However, the developmentprocess has not halted onthis winning rig design.DTG is exploring ways toimprove the KFELSSSDT’sTM ability to handlehurricane season in theGoM, as well as increasingthe rig’s deck load to 5,000tonnes from the current3,600.

Engineered for success

...continued from page 11.



Sales momentum forKeppel Land homes remainspositive, fuelled by strongand sustained regionaldemand for luxury propertiesin prime locations.

CHOICE COLLECTIONAbout 80% of 60 launchedunits at Riviera Cove havebeen snapped up by aspiringVietnamese homeownersseeking the good life.

Comprising 96 exquisitewaterfront villas in Ho ChiMinh City’s (HCMC)District 9, choice units atRiviera Cove were unveiled atan exclusive launch atSheraton Hotel over twoweekends.

Riviera Cove is Keppel Land’ssecond villa project in HCMC.The first, Villa Riviera, islocated in the prime An PhuWard in HCMC’s District 2.All 101 units were soldwithin a year of its publiclaunch in 2006.

In view of the enthusiasticresponse, more units inRiviera Cove are expected tobe launched progressively.

EXCLUSIVE PREVIEWHomeowners coveting a sliceof Marina Bay will just haveto wait.

More than 90% of the 90units launched at a privatepreview of Marina Bay Suites

Hot propertieson 25 November 2009 havebeen sold. Due to theoverwhelming demand frominterested buyers, 40 unitswere added to the initialrelease of 50 units.

The preview saw selectthree- and four-bedroomunits at $2,200 to $2,500psf.

Marina Bay Suites is thesecond of two residentialtowers in the Marina BayFinancial Centre. Sisterdevelopment Marina BayResidences was launched in2006 and snapped up inthree days before the publiclaunch.

A 66-storey tower of 221apartments fronting MarinaBay, Marina Bay Suites is theepitome of living in style.

Each apartment has its ownlift lobby to ensure greaterprivacy and is fitted with thehighest quality Europeanfinishing. Residents will also

be able to enjoy luxuriousamenities such as the50m lap pool, yoga decks,massage terraces, as well asSky Lounges and Cabanas.keppelite

Riviera Cove is a hit amongst affluent Vietnamese homebuyers

Marina Bay Suites is the choice residential address at Singapore’s new business hub



ON OFFSHORETECHNOLOGY

Which sector ofrenewable energy wouldbe most relevant toKeppel?We are moving in some waysinto renewable energy. Themost relevant would be usingour offshore knowledge forthe offshore wind business.

We are looking at possibilitiesas our offshore technologyand expertise can betransferred selectively andinnovatively to offshore windfarm installation.

Where do you see is theprimary growth area?There is need for more windfarms to be installatedoffshore in deeper waters.Our technologies can beapplied there.

Take for instance, inAustralia, our subsidiary,Keppel Prince Engineeringin Portland, Victoria, hasbeen the country’s largestproducer of wind towers forwind farms since 2001 and

Fuelling a sustainable futureIn a recent interview with international oil & gas newspaper, Upstream, Mr ChooChiau Beng, CEO of Keppel Corporation shared insights on how the Group’sbusinesses are ready to play an even greater role in sustainable energy development,while maximising business potential and competitiveness in its core segments.



has been rapidly expandingour renewable energysolutions into wave, solarand hydro energy.

Keppel Prince Engineering isstriving to be the leader inAustralia for the fabricationof renewable energycomponents.

ON DEEPWATERPOTENTIAL

How does thedevelopment ofrenewable energysources impact Keppel,with your primarystrength in the oil andgas segment?Currently, renewable energyis not likely to overtake fossilfuels in the foreseeablefuture. There will still beopportunities for theoffshore and marinebusiness, because of thelong-term, demand strengthof energy in oil and gas.

However, oil and gas areresources that will deplete.We will always need to lookfor new sources and todevelop new fields.

Where do you think isthe market?Deepwater production inBrazil, Mexico, West Africaand possibly Australia.Anywhere that is deep water.

We see that the new areasto find oil and gas would bevia wells under water. InBrazil, that is called pre-salt.In the US, it is called lowertertiary. And also there aremore requirements in theareas that are less explored,like the Arctic and ice-boundareas.

ON RESOURCENATIONALISATION

On the issue of resourcenationalisation in oil andgas, do you expect thatKeppel will furtherexpand its yardelsewhere?We are working more withnational oil companiesnowadays. Our strategy ofbeing ‘Near market, Nearcustomer’, is bolstered by20 yards and offices aroundthe world which enable usto work within and in linewith national ambitions, andto have more local content.

Where there is oil and gas tobe found and where thereare rules on nationalisation,we may have to set up a yardthere.

What are Keppel’s plansfor Brazil?Our Brazilian yard will be verybusy in the next few years.We are there; we will capturesome work; and where it

makes commercial sense forKeppel as a company and forour shareholders.

Keppel is the highestbidder for the eightFPSO hulls. Why?One of the requirements isthat you must assemble thehulls in one of the Petrobrasyards in the south. To startup a green-field yard isexpensive, and time-consuming and management-intensive. And it takes manyyears for a new yard to makemoney.

ON KEEPINGCOMPETITIVE

What do you need tostay ahead in themarket?You need to have adiversified portfolio, like us atKeppel. We do not just offerone product. We can buildjackups, semisubmersibles,semi-drilling tenders,production units, and alsoundertake FPSO conversionsand ship repair work. We arealso in different markets. Weoperate a property businessand we also build water andwaste-to-energy plants.

Because we are a diversifiedcompany, we are able to rideout the different cycles ineach of these differentproduct markets. This

diversification allows us toeven out the volatility in themarketplace.

Of course, we are notperfectly diversified, but weare diversified enough, thatwe feel we can ride out thecycles. You must haveenough cash to ride out thestorm. The key in business isto survive the crash andmake money in the upturn.

How do you competewith yards that offer lowcost?We must be more efficient incomputing our cost, givingbetter value for money, forthe owner to want to give usthe business. That is thenature of all businesses. Allcompanies compete basedon the value proposition forthe price they ask.

We have to be very consciousof our cost, and make surewe do not spend one centmore than we need toand be competitive. Ourcompetition is global – wecompete with everybody inthe world. keppelite



Regardless of being some16,000 km apart, continentalbarriers are no obstacle toKeppel Offshore & Marine(Keppel O&M) which hasliterally journeyed to theother side of the globe tobe near its market andcustomers in Brazil.

The company’s dealings withBrazil date back to the 1980swhen it undertook variousvessel repair jobs fromPetróleo Brasileiro S/A(Petrobras). Since then,Keppel has establishedimportant and lasting tieswith Brazil and its people,which it continues to enjoy.

Brazil’s preferred partner

An early mover into thecountry, Keppel hascontributed strongly to thecountry’s track record foroffshore and marineconstruction and conversion.It continues to achieve many‘firsts’ through its BrasFELSshipyard, which is the mostcomprehensive offshore andmarine facility in LatinAmerica.

Having proven itscommitment and skill todeliver complex and largescale projects, Keppel hasearned its stripes as thetrusted name in Brazil’soffshore industry.

A TRUSTED SOLUTIONSPROVIDERIn December 2009,Keppel O&M’s subsidiarieswere awarded close to$800 million worth ofcontracts to upgrade andrepair three drillships, as wellas perform pre-conversionwork for a FloatingProduction Storage andOffloading (FPSO) vessel.

These new contracts weresecured in a matter ofmonths after Keppel’s equaljoint venture with J. RayMcDermott, Inc. received aLetter of Intent fromPetrobras and Chevron

Corporation to build andoperate the US$1 billionP-61 Tension Leg WellheadPlatform (TLWP) for thePapa-Terra field in Brazil’sCampos Basin.

TRIO OF NOBLE’SDRILLSHIPSKeppel FELS Brasil securedthe contracts to upgradeand repair three of NobleCorporation’s (Noble)Brazil-based drillships. Thescope of work coversthe fabrication, repair andreplacement of components,including the stern section,accommodation blocks,sponsons and heliport.

The upgrading of Noble’s drillships will create a base load of work stretching into 2013 for the BrasFELS yard



Indeed, BrasFELS is well-prepared to providegreater local content forthe growing amount ofoffshore work in Brazil.

Demonstrating its abilityto carry out projects evenmore efficiently andsafely, BrasFELS recentlybroke the local industry’srecord, achieving eightmillion man-hours workedwithout reportableincidents on the P-56floating productionplatform.

For this outstandingperformance, BrasFELS

Record-breaking safetyon P-56

was recognised byPetrobras at a ceremony inNovember, attended byMr Kwok Kai Choong,President and CEO ofKeppel FELS Brasil andvarious customerrepresentatives.

BrasFELS continues toreinforce safety as itstop priority throughtraining programmes andseminars. This latest safetyrecord attests to thesuccess of the Health,Safety & Environmentmanagement, system andculture it has instilled atthe workplace.

We have been equipping theBrasFELS yard and training ourworkers to take on moresophisticated jobs over the years,transferring expertise, technologyand systems from our Singaporeyards to Brazil.

I am confident that we haveprepared our BrasFELS yard well toparticipate meaningfully in the newjobs from Petrobras and drillersoperating in Brazil and the region.Mr Tong Chong HeongCEO of Keppel O&M

Noble Dave Beard, whicharrived in Brazil earlier thisyear.

PETROBRAS’ FPSO P-58Over in Singapore, KeppelShipyard has been selectedby Petrobras NetherlandsB.V (PNBV) to perform thepre-conversion of P-58, anFPSO vessel bound for theCampos Basin.

Mr Renato de Souza Duque,Services Director ofPetrobras, said, “We knowKeppel very well. They havecompleted many projects forus successfully and havedemonstrated excellentproject management andreliability. We look forward toanother high quality projectfrom them.”

Keppel Shipyard’s scope ofwork on P-58 includesstructural and pipingrenewal, tank coating as wellas refurbishment andupgrading of the livingquarters.

The vessel’s arrival at KeppelShipyard earlier in November2009 was witnessed by adelegation of seniorPetrobras officials led byMr Marco Tulio PereiraMachado, Espirito SantoExecutive Manager andMr José Alberto Bucheb,Exploration & ProductionPre-Salt Manager.

The upgrading of NobleLeo Segerius, Noble RogerEason and Noble Muravlenkowill be done sequentially,beginning with the arrival ofthe first drillship at BrasFELSin Angra do Reis by early2011. These new jobs willcreate a base load of workstretching into 2013 for theBrasFELS yard with deliveriesstarting from the last quarterof 2011.

Mr Tong Chong Heong,CEO of Keppel O&M, said,“Keppel O&M’s network ofglobal yards continues toadvance the group as thechoice partner for thebuilding, repair, upgradingand completion of offshorevessels across the world.

“We are greatly encouragedthat Noble has chosen towork with Keppel FELS Brasilagain. We hope to deepenthis valued relationship andaffirm their trust in ourcommitment to deliver theprojects safely, on time andwithin budget.”

When completed, thedrillships will be deployedoffshore Brazil to meet therequirements of Petrobras’extensive drilling plans.

BrasFELS has recentlycompleted the upgrade ofsemisubmersible NoblePaul Wolff and is currentlyassisting Noble with the finalstages of the company’s Continues on page 18...



Upon completion of KeppelShipyard’s scope in the firstquarter of 2011, the vesselwill sail to Brazil for the restof its conversion, whichincludes completion workson the topsides.

When fully deployed, P-58will have a productioncapacity of 180,000 barrelsof oil per day and a gascompression capacity of6,000,000 cubic metres perday. It will operate in Parquedas Baleias’ north field, inCampos Basin and spreadmoored at a water depth of1,400m.

In addition to P-58,Keppel Shipyard’s ongoingprojects for Petrobras andBrazil include the majorconversion of FPSO P-57,FPSO BW Pioneer andFPSO Maersk Nova, as wellas the modification andupgrading of FPSO Capixaba.

A MODEL EMPLOYERIn transferring its expertiseand systems into Brazil,Keppel O&M has also paidspecial attention to nurtureits local workforce as well astripartite relations.

In a Union-to-Unioninitiative, heads of theMetallurgist Workers’ Unionof Angra Dos Reis, Brazil –Mr Paulo Ignacio Furtuozo,President, and Mr AguilarRibeiro da Silva, Vice-President – were invited byKeppel FELS Union, KeppelEmployees Union andShipbuilding and Marine

Engineering Employees’Union to Singapore for ashort exchange programmefrom 3-5 December 2009.

Focused on sharing theirrespective structures, bestpractices and experience in

P-58 is the latest addition to Keppel Shipyard’s track record of major FPSO projects for Petrobras and Brazil

building industrial relations,both Singaporean andBrazilian Unions engaged inrobust dialogue sessions withthe management led byCEO, Mr Tong.

As part of a well-balanced

programme, the hostingUnions introduced theirBrazilian guests to officialsfrom the Ministry ofManpower, who touched onSingapore’s labour legislations.Mr Furtuozo and Mr Da Silvaalso visited the Employment

Paulo Ignacio Furtuozo (left), President of Metallurgist Workers’ Union, and Atyyah Hassan (right), General Secretary of Keppel FELS Union,in a lively exchange on their union’s best practices




and Employability Institute,e2i, which focuses onenhancing workers’ skills tomatch the changing needs ofthe economy.

Reflecting on the benefits ofthe exchange, Mr Furtuozosaid, “Although Singaporeand Brazil’s socio-economicand cultural landscapes arequite different, the labourunions of both countriesshare similar challenges. Assuch, there is much thelabour unions can learn fromeach other.

“I am particularly impressedby the strong industrialrelations shared betweenSingapore’s unions, workersand management. I amintrigued by how thesedifferent parties co-operateto achieve mutual benefitsand weather economicdownturns.”

A WINNINGPROPOSITIONAs one research analyst putsit, there is a ‘clear buzz’surrounding the Brazilianoffshore industry, mainly dueto the aggressive explorationand production programmewhich Petrobras hasannounced in recent years.This programme calls for atotal of 40 new drilling rigsto be built. The first 12 rigshave been ordered in 2008.

In September 2009,Petrobras issued the tender

for the remaining 28 rigs,with delivery between 2013and 2018 and local contentrequirements. As a result,there is increasing investorinterest in Keppel O&M’swholly-owned yard in Brazil.

Fuelled by this interest, agroup of nine fund managersand analysts visited KeppelFELS Brasil on 7 December2009 to gain a first-handunderstanding of theoperational capability of theBrasFELS yard. Mr Kwok KaiChoong, President and CEO,and Mr Tommy Sam, CFO ofKeppel FELS Brasil gave ageneral overview and tour ofthe yard.

K e p p e l O & M ’s C E O ,Mr Tong said that with an

established yard in Brazil, thecompany expects to get afair share of the Petrobrasorders.

“Our BrasFELS yard is todaythe most comprehensiveoffshore and marine facilityin Latin America, and hasbeen able to help to meetBrazil’s requirements forgreater local content,” headded.

Mr Conrad Werner, theMorgan Stanley researchanalyst who was part of thegroup, commented in hisreport following the visit,“Keppel is well-placed. Wereceived positive feedbackfrom (Brazilian drilling)contractors on Keppel’sBrasFELS yard.

“ T h e m a n a g e m e n t ’spresentation highlighted thekey lessons it has learnt overthe years in building variousproduction vessels forPetrobras. There will be asteep learning curve for anynew player in the market.”

To continue building on itsedge in the market, Keppelis keeping itself abreast ofthe growing competitionfrom shipyards beingplanned and built in Brazil.In response to this and thelarge amount of workcoming on stream, Mr Tongreveals that discussions areunderway with potentialpartners on possibleexpansion opportunities inBrazil. keppelite

Mr Kwok Kai Choong, President and CEO, and Mr Tommy Sam, CFO of Keppel FELS Brasil, fielding questions from the fund managers andanalysts who visited BrasFELS yard



Keppel Telecommunications& Transportation Ltd (KeppelT&T) has appointed BG (NS)Pang Hee Hon as CEO witheffect from 4 January 2010.

He will replace Mr LamKwok Chong, who is leavingthe Keppel Group after29 years to pursue hispersonal interests.

Previously the DeputyPresident (Operations) of STElectronics (Info-SoftwareSystems), BG (NS) Pangoversaw business operationsand international marketing.He was the Chairman of theeGov Chapter in theSingapore IT Federation,which provides feedback oneGov policies and promotesinternationalisation oflocal information andcommunication technologiescompanies.

Before joining ST Electronics(Info-Software Systems), BG(NS) Pang served as the Headof Joint Logistics Departmentin Singapore’s Ministry ofDefence, where hedirected the implementationof enterprise-wide ITsolutions for supply chainmanagement, electronicprocurement and finance.

He also held other principalcommand and staffappointments within theSingapore Armed Forces,including Assistant Chief of

New key executives for Keppel T&Tthe General Staff (Logistics)G-4 Army, Assistant Chief ofthe General Staff (Plans) G-5Army, Commander of DivisionArtillery Headquarters andDeputy Assistant Chief of theGeneral Staff (Ops Planning)G-3 Army.

BG (NS) Pang graduatedfrom Harvard Universitywith a Masters in PublicAdministration. He has aBachelor of Science andBachelor of Commerce fromUniversity of Birmingham.

Mr Teo Soon Hoe, Chairmanof Keppel T&T, said, “TheBoard and I would like tothank Kwok Chong for hisgood work during his threedecades of service in theKeppel Group. We also takethis opportunity to welcomeHee Hon into the Keppelfamily. With his experience inIT and logistics, we areconfident that he will bringthe Keppel T&T group to thenext level.”

Meanwhile, Keppel T&T hasalso appointed Ms ChanShui Har as Deputy CEO incharge of all finance mattersand investments with effectfrom 11 January 2010.Ms Chan, who has been withKeppel for 22 years, waspreviously the Deputy CEO ofEvergro Properties. She is amember of the Institute ofCertified Public AccountantsSingapore. keppelite

BG (NS) Pang Hee Hon is new CEO of Keppel T&T



Reiterating its commitmentto raise the bar on safety,Keppel Offshore & Marine(Keppel O&M) signed thePledge for Zero Charter atthe Marine Industries CEOSummit on 25 November2009.

Addressing the Summit,Mr Gan Kim Yong, Ministerfor Manpower, commendedKeppel O&M for takingthe lead on workingtowards achieving a zero-injury workplace andimplementing the Pledgefor Zero initiative acrossthe group.

Organised by the WorkplaceSafety and Health Council,the event saw strongsupport from close to 200management representativesfrom the marine industries,including CEO Mr TongChong Heong and other

Set on safety

Keppel O&M seniormanagement.

It was announced thatKeppel FELS and Keppel

Keppel O&M is committed to working with all stakeholders to achieve a zero-injury workplace

Companies from theKeppel Group scored wellfor good governance onceagain, in the second roundof the Governance andTransparency Index (GTI)study.

Conducted by The BusinessTimes (BT) and the

Good governanceCorporate Governance &Financial Reporting Centreof the National Universityof Singapore, KeppelCorporation and KeppelTelecommunications &Transportation ranked thirdand sixth respectively.

Keppel Land and MobileOne

also scored favourably atthe 10th and 40th positionsrespectively, among morethan 700 companies thatwere assessed.

The GTI replaces theCorporate TransparencyIndex published by BT since2000, which evaluated

companies on financialtransparency based onannual announcements.

The new methodology of theindex takes into accountboard and remunerationmatters, accountability andaudit, as well as shareholdercommunication. keppelite

Shipyard will participate inthe programme, MarineIndustries Safety EngagementTeam (MIndSET), whenlaunched next year. Developed

by the Association ofSingapore Marine Industries,MIndSET will bringparticipating yards togetherto share best practices. keppelite



Sandstorms, strong windsand soaring temperaturesreaching over 40°C. Manywill balk at such workingconditions, but not the16 Qatar-bound graduatesfrom Keppel IntegratedEngineering’s (KIE) latestOperations and Maintenance(O&M) training programme.

KIE is executing two large-scale environmental projectsin Qatar. The foremost isthe Domestic Solid WasteManagement Centre(DSWMC), which is thefirst integrated wastemanagement centre in theMiddle East and where thelatest group of 16 employeeswill be posted to.

Fiery focusThe second project isthe Doha North SewageTreatment Works, Qatar’slargest wastewatertreatment & reuse andsludge treatment facility. KIEwill be operating andmaintaining both facilitiesfor 20 and 10 yearsrespectively.

KIE has developed anintensive four-month trainingprogramme to equip traineeoperators with theoreticalknowledge, as well as thepractical application of whatthey have learnt throughon-the-job training.

Mr Thomas Kwok, GM ofOperations (Qatar), said,

“KIE’s Senoko Waste-to-Energy (WTE) Plant and TuasWTE Plant provide ampleopportunities for the traineesto use what they have learntin the classrooms. A hands-on approach is especiallyimportant for O&M.”

Trainees are given insightsinto the different operatingcomponents and cycles of aWTE plant, with strongemphasis on the safetyaspects. At the graduationceremony in November, MrKwok reiterated, “It is verydifferent in Qatar as thefacilities are much larger andthe conditions are harsher. Itis important that you notonly look after your safety,

but also look out for yourbuddy out there.”

The best trainee of thegroup, Jherson Reyes Naval,said, “Although we are fromdiifferent countries, thistraining programme hasbrought us closer. Heading toa new environment, we arenaturally concerned but wehave our seniors and oneanother for support. It will bechallenging, but I am sure wewill all do fine.”

The working conditions inQatar may be daunting, butfor Jherson and the rest ofthe trainees, the focus is onthe tasks ahead. keppelite

The Qatar-bound trainees convert theory to practical hands-on training at the Keppel Seghers Tuas WTE Plant



Awards garnered by projects such as Riviera Cove are testament to Keppel Land’s building excellence in Singapore and overseas

In Indonesia and Vietnam,Keppel Land continues todistinguish itself as adeveloper of premierproperties through itsdedication to detail andquality. Its leading positionwas reaffirmed recentlywith the garnering of twoprestigious local awards.

GOLD CLASSThe Golden Dragon Awards2009 saw four Keppel Landdevelopments named asproud winners – The Estellaand Riviera Cove in Ho ChiMinh City (HCMC), andSedona Suites in Hanoi andHCMC.

Jointly conferred by Vietnam’sMinistry of Planning &

Winning assets

Investment and reputedbusiness publications,Vietnam Economic Times andThoi Bao Kinh Te, the Awardsrecognise foreign directinvestment enterprises forproduct and service excellenceas well as their contribution tothe country’s economy.

Located in prime districts 2and 9 respectively, The Estellaand Riviera Cove will provideluxurious apartments andwaterfront villas to meetVietnam’s rising demand forchoice homes in accessiblelocations.

Both developments willfeature a comprehensiverange of facilities and 24-hour security.

Host to many multi-nationalcorporations, governmentbodies and leisure travelers,both Sedona Suites in Hanoiand HCMC are regarded asleading providers of hospitalityservices in Vietnam andenjoys near-full occupancy.

Sedona Suites Hanoi is aproud third-time recipient ofthe Golden Dragon Award.Adjacent to Westlake,Hanoi’s largest lake, thedevelopment comprises 175serviced apartments andvillas.

Located along Le LoiBoulevard in the heart of theCBD, Sedona Suites HCMCcomprises 89 servicedapartments and is the

hospitality component ofSaigon Centre, Keppel Land’smixed-use development.

JAKARTA’S BESTIn Indonesia, Jakarta GardenCity bagged the ‘BestMiddle Class ResidentialDevelopment’ title at theInternational Real EstateFederation (FIABCI) Indonesia– BNI Prix d’ExcellenceAward ceremony on12 December 2009.

To be developed over 10 to15 years, the 270-ha eco-township has also beenshortlisted to representIndonesia globally at the61st FIABCI World Congress,which will be held in Bali,Indonesia in May 2010. keppelite

24 Special Focus


KEPPEL CORPORATION

JanuaryMr Choo Chiau Beng,previously CEO of KeppelOffshore & Marine (KeppelO&M), assumed the role ofCEO of Keppel Corporationfrom Mr Lim Chee Onn.

MayKeppel Corporation appointed

Driving a difference in 2009Despite this year’s challenging economic climate, the Keppel Group remainedcommitted to deliver value to stakeholders. Operational efficiencies wereenhanced to improve productivity across business units. Keppel continues tosharpen its competitive edge in all key business to meet global needs for energy,quality homes and a clean living environment.

Mr Alvin Yeo, Senior Partnerof WongPartnership LLP, as anIndependent Director on theBoard.

JuneDivestment of KeppelCorporation’s entire stakein Singapore PetroleumCompany to PetroChinaInternational (Singapore) PteLtd was completed.

JulyDr Lee Boon Yang joined theKeppel Corporation Board asnon-executive Chairman.

Keppel Corporation andKeppel Land took upinterests of 45% and 55%respectively in a 35.4-hasite located in the 4-sq kmStart-Up Area of the Sino-Singapore Tianjin Eco-City

(Tianjin Eco-City), and willdevelop eco-homes andcommercial developmentsthere.

AugustCEO of Keppel O&M,Mr Tong Chong Heong, wasappointed as ExecutiveDirector to the Board.

The Keppel Group of

Delivering identical twin rigs PV Drilling II and PV Drilling III, Keppel FELS maintains its global leadership in rig design, construction and repair

25


Keppel AmFELS completed aseries of five jackups on timethrough its delivery ofOffshore Intrepid to ScorpionOffshore.

FebruaryDelivery of jackup DeepDriller 8 to Aban SingaporePte Ltd marked thecompletion of a series of fiverigs. Built to its proprietary

DSSTM 51 semisubmersible(semi) design, Keppel FELSalso completed DevelopmentDriller III for Transocean.

MarchThe 20-day early delivery ofjackup Greatdrill Chetnaearned Keppel FELS close to$1 million bonus fromMercator Offshore Limited.

Keppel O&M was awardedprojects worth $300 millionto build a derrick lay barge,modify a Floating ProductionStorage and Offloading(FPSO) vessel and completea deep drilling semi.

MayKeppel FELS achieved anearly delivery of jackupCOSLSTRIKE to China OilfieldServices Limited.

JuneKeppel Shipyard unveiledplans to build a trainingcomplex dedicated toequip its workforce withsafety knowledge andcompetencies, the first of itskind in Singapore.

Keppel FELS delivered thesecond 8500 Series® semi,ENSCO 8501, to Ensco,incident free.

Keppel O&M securedcontracts worth $30 millionfor the upgrade and repair ofthree semis in KeppelVerolme and Keppel FELSBrasil.

companies established jointventures to invest in TianjinEco-City.

NovemberThe Keppel Group was thefirst foreign propertydeveloper to break ground inTianjin Eco-City, when itcommenced work on its35.4-ha site in the Start-UpArea.

OFFSHORE & MARINE

JanuaryMr Tong, formerly MD andCOO of Keppel O&M,succeeded Mr Choo as CEOof Keppel O&M.

Keppel FELS delivered thefirst jackup rig of 2009,Maersk Resolve, to MaerskDrilling (Maersk) while

Keppel Shipyard delivered BW Pioneer, the first FPSO to operate in the US Gulf of Mexico, to BW Offshore


26 Special Focus


Keppel O&M’s network of global yards continues to advance the group as the choice partnerfor the building, repair, upgrading and completion of offshore vessels across the world

Prudential Tower enjoys the distinction of being one of the few office developments inSingapore to win a FIABCI Award

JulyKeppel Singmarine deliveredKogalym, an Ice-Classrescue vessel, andLANGEPAS, an offshoresupport vessel (OSV) toLUKOIL-Kaliningradmorneft(LUKOIL). It also handed overan OSV, Sea Commanche, toGulfMark Offshore, Inc.

Conversion of FPSO ArmadaPerdana was completedfor repeat customerBumi Armada Berhad atKeppel Shipyard.

AugustKeppel Shipyard was oncourse to complete theconversion of Floating,Storage and Offloading (FSO)vessel, Ratu Songkhla, forM3nergy JDA Sdn Bhd.

Keppel O&M securedcontracts worth $85 millionfrom repeat customersGOLAR LNG, Four VanguardServiços E Navegaçao Lda,Keppel Smit Towage,Seadrill Limited (Seadrill) andDiamond Offshore.

Keppel FELS delivered thesecond of three DSS 21deepwater semis, MaerskDiscoverer, to Maersk.

Keppel Singmarine completedYURI KORCHAGIN, an Ice-Class FSO, on time and withno incidents, for LUKOIL inthe Caspian region.

SeptemberOn track for earlydeliveries, Keppel FELS andPetroVietnam Drilling & Well


Services Corp (PV Drilling)named identical twin rigs PVDrilling II and PV Drilling IIItogether, a first in rig history.

OctoberA Letter of Intent for theP-61 Tension Leg WellheadPlatform was awarded toFloaTEC, LLC, a joint venturebetween Keppel O&M andJ. Ray McDermott, Inc.

Keppel Shipyard was ontrack to deliver the first FPSOfor the US Gulf of Mexico,

BW Pioneer, to BW PioneerLtd.

Keppel FELS deliveredGreatdrill Chitra and GoldStar, ahead of schedule,within budget and with noincidents, to GreatshipGlobal Energy Services PteLtd and Queiroz Galvão Óleoe Gás respectively.

NovemberKeppel O&M securedcontracts to upgrade andrepair two Noble

27


Corporation drillships forUS$304 million in Brazil. Inaddition, two contractsworth about $165 millionwere awarded by Petrobrasand Saipem S.p.A to KeppelShipyard and Keppel Verolmerespectively.

DecemberKeppel FELS won a contractto build Vietnam’s first semidrilling tender for aboutUS$200 million.

Contracts worth $160 millionw e r e a w a r d e d t oKeppel O&M for an FPSOconversion, a derrick laybarge completion and lifeextension of a semi.

Marking the last delivery ofthe year, Keppel FELS handedover West Vencedor, the sixthof seven KFELS semi drillingtenders, to Seadrill.

Adding on to the earliertwo Noble drillship jobs,Keppel FELS Brasil won thethird contract to upgradeand repair a Brazil-baseddrillship for US$152 million.

PROPERTY

MayA Director of Keppel Landsince 1985, Mr Choobecame Chairman of thecompany’s Board.

JuneKeppel Land raised grossproceeds of approximately$707.6 million through anine-for-10 renounceablerights issue.

AugustMs Ng Hsueh Ling joined K-REIT Asia as CEO andDirector. Having relinquishedhis position as CEO, Mr TanSwee Yiow remained as anED on the board.

NovemberK-REIT Asia completed theacquisition of six strata floorsat Prudential Tower,increasing its stake from44% to 73%. It also issuedabout 666 million new units

in a one-for-one rights issueto raise $620 million.

DecemberDelisting of EvergroProperties from SingaporeExchange was completed.


As with Shanghai’s One Park Avenue, Keppel Land will combine expertise, industry knowledge and extensive network to capture growthopportunities in China’s property sector

28 Special Focus


INFRASTRUCTURE

MarchKeppel Seghers was awardeda $30 million contract toprovide technology andservices to a waste-to-energy(WTE) plant in Shandong,China.

AprilAn Engineering, Procurementand Construction contractworth about $518 million tobuild an Energy-from-WasteCombined Heat and PowerPlant in Greater Manchester,UK, was clinched by KeppelSeghers.

JulyKeppel Seghers secured acontract worth approximately$22.3 million to providetechnology to a WTE plant inTianjin, China.

AugustMr Tong assumed the roleof Chairman of KeppelIntegrated Engineering (KIE),while Mr Michael Chia, MD(Offshore) of Keppel O&M,was appointed DeputyChairman.

KIE acquired the SenokoIncineration Plant, establishingitself as the only privateoperator of incinerationplants treating general wastein Singapore.

NovemberThe Keppel Seghers TuasWTE Plant commencedcommercial operations andis Singapore’s first WTEplant to be built under the


The Keppel Seghers Tuas WTE Plant is a strong symbol of the Group’s commitment to developing Singapore as an environmental hub

29


To make the Tianjin Eco-City a world-class model of sustainable development, SSTEC is working with international partners for top-notch expertise and innovative ideas

Public-Private Partnershipinitiative.

Keppel Telecommunications& Transportation (KeppelT&T) and Al Rajhi HoldingGroup partnered to form theworld’s first Shariah-compliant data centre fund.

DECEMBERKIE acquired Singapore’slargest district coolingsystems service providerFirst DCS Pte Ltd forapproximately $88 million.

Keppel T&T appointed BG(NS) Pang Hee Hon as CEOwith effect from 4 January2010.

TIANJIN ECO-CITY

JanuarySino-Singapore TianjinEco-City Investment and

Development Co., Ltd.( S S T E C ) s i g n e d aM e m o r a n d u m o fUnderstanding (MOU) withSembawang Engineers &Constructors to conductfeasibility studies fordevelopment of a US$1 billionsolar polysilicon productionplant in the Tianjin Eco-City.

JuneSSTEC signed MOUs withthree Singapore companiesto launch its first eco-business park.

JulySSTEC secured partnershipswith leading regionaldevelopers – ShimaoProperty Holdings Ltd fromChina, Farglory Group fromTaiwan and Mitsui FudosanCo. Ltd from Japan – todevelop more than 6 sq kmin the Tianjin Eco-City.

AugustSSTEC marked itsincorporation and Mr HeLifeng, Deputy Secretary ofthe Communist Party ofChina Tianjin MunicipalCommittee, was appointedChairman of its board.

The company also signed anMOU with STSE EngineeringServices Pte Ltd to explorecollaboration in provision ofPneumatic Waste CollectionPrivate Connection Systems.

SeptemberThrough MOUs withleading Singapore transportorganisations, SSTEC is layingthe foundation for aneffective green transportsystem in the Tianjin Eco-City.

OctoberSSTEC joined hands with

Malaysia’s Sunway CityBerhad to pursuedevelopment of a more than40-ha site in Tianjin Eco-City.It will also partner Philips inenergy-efficient lighting andconsumer lifestyle solutions.

NovemberIn a joint venture with GEMSEducation, the world’s largestK-12 (Kindergarten to Grade12) education company,SSTEC plans to co-developGEMS’ first flagshipinternational school in China.

DecemberSSTEC signed an MOU withSamsung C&T Corporationto explore creating the first-of-its-kind Eco-CBD in theTianjin Eco-City. keppelite



Kazakhstan declared itsindependence almost twodecades ago on 16 December1991. Since then, the nationhas worked hard to pursue aliberal trade regime, increaseemployment and income,and develop its economy,especially its marine, oil andgas industry.

Kazakhstan has theCaspian Sea region’s largestrecoverable crude oil reserveswith estimated combinedonshore and offshore provenhydrocarbon reserves of40 billion barrels. This rankseighth in the world.

As the country realises itsvast production potentialfurther, construction of moreoffshore infrastructure andequipment will be requiredto support and sustain thedevelopments.

A PIONEER INKAZAKHSTANAgainst this backdrop, in

Celebrating milestonesThis month, as Kazakhstan celebrates its national independence, Keppel O&M’soverseas subsidiary, Keppel Kazakhstan reaffirms its commitment to support thedevelopment of the country’s hydrocarbon sector.

2003, Keppel Offshore &Marine (Keppel O&M)founded a shipyard, KeppelKazakhstan in the seaport ofAktau City. It was among thefirst Singaporean companiesto operate in the country.

The move is in line with its‘Near Market, Near Customer’strategy to service the oilmega-majors operating inthe country. Together withits sister yard theCaspian Shipyard Companyin Azerbaijan, KeppelKazakhstan enables KeppelO&M to better serve itscustomers operating in thatregion and strengthens thegroup’s presence in theCaspian.

Today, Keppel Kazakhstan isthe preferred shipyard forthe Kashagan field. KeppelKazakhstan has a trackrecord of having constructeda series of seventransportation barges forAgip Kazakhstan North

Caspian Operating CompanyN.V. (Agip KCO) to servicethe Kashagan field.

Currently, the yard isconstructing pipe rackmodules and pontoons for theKashagan field development.The construction of two newpontoons for Agip KCO hasalso recently commenced.Each measures 76m by 6mby 2.2m.

This follows the successfuldelivery of a highly complexpipe rack module and thelaunch of a pontoon for AgipKCO in November 2009.Recognising the yard’sexecution excellence andcommitment, Agip KCOcommended KeppelKazakhstan in a letter ofappreciation.

In the letter, Agip KCOContract Holder andOffshore Infrastructure andCivils Manager, said, “Thankyou for all the hard work to

deliver the pipe racks ontime, complete, and mostimportantly, safely. This wasan excellent achievement.The efforts of your wholeworkforce are appreciated.”

Focused on the future,Mr Yick Ping Wong,President of KeppelKazakhstan shared, “Keppelremains committed togrowing with Kazakhstanand supporting thegovernment’s developmentagenda.

“We will continue tocontribute our expertise andknow-how to build up acompetitive and competentworkforce. This willtranslate into the creation ofmore jobs and the evolutionof the local offshoreconstruction industry, all ofwhich will provide strongsupport for development ofthe country’s oil and gassector.” keppelite




Repeatedly hailed as the‘No.1 Golf Course in China’by US Golf Digest and winnerof more than 60 golfing

Spring sensationawards since its inception in1998, Spring City Golf andLake Resort (Spring City)has become a must-visit

destination for both leisureand professional golfers.

Located in the scenicYunnan province, mediarepresentatives from morethan 60 print, broadcast andweb content organisationsacross the region convenedat Spring City for the fifthChina-International MediaGolf Tournament from 3 to6 December 2009.

The golfers engaged infriendly competition on thegreens, amidst breathtaking

views on the Lake andMountain Courses designedby Robert Trent Jones Jr., andJack Nicklaus respectively.The Challenge Trophy wentto the Chinese teamGuo Hong Qi E, who edgedout four other teams.

Spring City played theperfect host and organisedsightseeing trips to famousattractions, including theStone Forest, Jiu Xiang Cave,Expo Garden, as well as a HotSprings Night at BrilliantResort & Spa.

Media participants had a swinging good time at Spring City

As part of continuous effortsto keep abreast of greenbusiness strategies and bestpractices, Keppel Land’sEnvironment ManagementCommittee organised a visitto the Zero Energy Building(ZEB) to enhance theirknowledge of cutting-edgegreen building solutions.

Completed in October 2009,the ZEB is the first buildingin Southeast Asia to befully retrofitted with greenbuilding design features andtechnologies. It is estimatedto be about 40-50% moreefficient than an officebuilding of a similar layout.

Led by Mr Augustine Tan,CEO of Singapore Residential

Building green capabilitiesat Keppel Land, andMr Kwok Yan Hoe, KeppelLand’s EnvironmentalChampion and Deputy GMof Corporate Development,the team studied featuressuch as photovoltaic solarcells, solar chimney, singlecoil twin fan ventilationsystem and green walls.

Arissa Tan, Project Executiveof Keppel Land, found thevisit educational andinsightful. She said, “Thesession gave me a betterunderstanding of howenergy efficiency can beachieved through innovativeyet simple methods, whichwe can explore applying toour upcoming residential orcommercial projects.” keppelite ZEB is a test-bed for innovative building designs and energy-efficient building solutions



Winter will soon be less harshfor the team working at theÅmotfors Energi CombinedHeat and Power Waste-to-Energy (CHP WTE)Plant, which is being builtby Keppel IntegratedEngineering (KIE) in Sweden.

As the series of coldcommissioning tests for theplant’s various componentsapproach completion, theKIE team has embarked onthe initial stage of hotcommissioning work and thefirst waste firing is scheduledfor February 2010.

The hot commissioning willbe followed by a series ofadjustment works and tests,after which the plant will behanded over to the client.

Just last winter, only theskeleton of the ÅmotforsEnergi CHP WTE Plant wasbuilt. Since then, mechanicalconstruction of the maincomponents such as theboiler and the flue gascleaning system were carriedout in severe winterconditions that extendedeven into the summermonths.

No winter’s tale at ÅmotforsWith freezing temperaturesthat dropped below -20°Ccoupled with heavy snow,site manager Frank van Putquipped that ironically thecoldest winter he had everexperienced was duringthe summer months inÅmotfors.

When completed in 2010,the Åmotfors Energi CHPWTE Plant will offer state-of-the-art combustion and KIE’sin-house energy recoverytechnology.

With the capacity to processclose to 70,000 tonnes ofwaste per year, the plant willhelp meet the energy needsof a nearby paper productionfactory, neighbouringindustries and buildingsthrough process steam,electricity and districtheating.

The Åmotfors Energi CHPWTE Plant will not only helplocal businesses reduce theirdependency on traditionalenergy sources, but alsocontribute to the local wastemanagement needs andglobal climate changeefforts. keppelite

Since construction began under severe winter conditions, work has progressed to the hotcommissioning stage with the Åmotfors Energi CHP Plant set to be operational by spring2010



FloaTEC, LLC, the jointventure of Keppel FELS andJ. Ray McDermott has beenawarded a contract byChevron USA Inc. for thefront-end engineering anddesign (FEED) of the hull,mooring and risers for theproposed Big Footdevelopment facility.

The proposed facility willbe installed in 5,187 feetof water approximately200 miles from New Orleansand 35 miles south of

Toehold in Big Foot fieldFloaTEC, LLC awarded FEED contract for Big Foot field in the Gulf of Mexico.

Chevron’s producing Tahitifield.

The goal is to develop BigFoot with a dry-tree floatingdrilling and productionfacility. The hull would beFloaTEC, LLC’s proprietaryextended tension legplatform (ETLP), withassociated foundation piles,tendon mooring systems andtop tensioned risers.

Mr Eric H. Namtvedt,President, FloaTEC, LLC, said,

“We are very pleased tosee our ETLP designscontinue to offer superiorvalue to Gulf of Mexicooperators and to be giventhe opportunity to workalongside an industry leadersuch as Chevron. I amconfident that FloaTEC, LLC,with the support from ourJV parents Keppel andMcDermott, will provideaccess to unique and largeresources and capabilitiesand execute a quality FEEDfor our client.” keppelite

A leading logistics player inFoshan, China, KeppelLogistics (Foshan) (KLF) offersa wide array of logisticssolutions such as freightforwarding, port logistics andThird-Party Logistics (3PL)services.

Stepping up its capacity tomeet the growing demand inwarehousing space and 3PLservices, KLF has commencedbuilding a new distributioncentre in Foshan’s NanhaiDistrict, starting with agroundbreaking ceremonyon 13 December 2009. TheNanhai Distribution Centre(NHDC) will be KLF’s thirddistribution centre inFoshan.

Delivering more with expansionMr Vincent Ko, CEO ofKLF, said at the ceremony,“With the upturn of theglobal economy and Chinabeing a major economicpowerhouse, NHDC will bewell-positioned to capitaliseon rising demand in logisticsoutsourcing, enabling KLF tobecome a market leader inthe South China region.”

Envisioned to be a modernlogistics hub, the centre isstrategically located alongthe main transportationroutes of Foshan city andmajor industry clusters tohelp KLF penetrate thebooming markets in the LEDlighting, plastic materials andautomotive industries.

When completed, NHDC willoffer four warehouse blockstotaling 33,000 sm with a fullrange of logistics supportfunctions such as a Very-

Narrow-Aisle racking system,silo bulk storage and re-packaging facilities, as wellas green features forresource-efficient operations.keppelite

Nanhai Distribution Centre will be equipped with advanced warehouse features to meet highspeed access/retrieval and multi-type cargo storage requirements

Mr Eric Namtvedt, President, FloaTEC, LLC



The port city of Nantongholds great potential andbusiness opportunities, asnoted by Dr Lee Boon Yangand Mr Choo Chiau Beng,Chairman and CEO ofK e p p e l C o r p o r a t i o nrespectively, during a recentvisit on 28 November 2009to Keppel Nantong.

Mr Lee Tai Kwee, President ofKeppel Nantong, gave seniormanagement an update onthe yard’s capabilities,strategies and challenges,as well as investmentopportunities in China.

During his visit, Dr Lee also

Calling onNantong

met Mr Ding Dawei, Mayorof Nantong MunicipalPeople’s Government. Thegentlemen discussed howKeppel is positioned tosupport China’s emergingoperators in the offshoreindustry, as well as inproperty and wastewatertreatment plant projects inNantong.

Since taking over in 2005,Keppel has transformed the16-ha inactive yard into awell-equipped state-of-the-art facility for theconstruction of a variety ofoffshore support vessels andstructures. keppelite

Dr Lee Boon Yang (centre) and Mr Choo Chiau Beng (right) were received by Mr Lee Tai Kwee,during their visit to Keppel Nantong

In business, time is of theessence, and customersappreciate the efficientand effective approachtaken by Keppel FELS tohelp them achieve resultsand meet challenges in thishighly competitive market.

There were barely 10 daysto complete additionalworks requested by ChinaOilfield Service LimitedCompany (COSL), on therepair and upgrade ofthe jackup rig, Bohai IV,before the rig’s scheduleddeparture.

But with the specialattention paid by KeppelFELS’s management tothe project, as well as thededication of everyonewho worked on the projectunder the leadership ofthe yard management,the job was completedsafely and on time.

Recognising the ingenuity,professionalism and hard

Safe and swiftservice

COSL’s jackup rig, Bohai IV, undergoingrepair works at Keppel FELS

work put in by the team,Mr Song Guangli, RigManager of Bohai IV,commended Keppel FELSwith a letter of appreciationfor a job well done. keppelite



Committed to continuallyimprove its service andcapabilities, Subic Shipyard &Engineering (Subic Shipyard),an associate of KeppelPhilippines Marine, hassuccessfully upgraded andexpanded its facilities.

The inauguration of theextended graving dockand jetty, newly openedtraining centre and recentlyrenovated administrationbuilding was officiated bythe Board of Directors on2 December 2009.

“This capital investment is inline with Keppel Offshore &Marine’s ‘Near Market, NearCustomer’ strategy. Thesenew facilities will enable usto provide more optionsand solutions to meet ourcustomers’ needs,” sharedMr Mok Kim Whang,President of Subic Shipyard.

Mr Mok and his team’sdedication and Can Do!a t t i t u d e h a v e b e e ncredited for the efficientimplementation of the yardexpansion programme andits completion ahead ofschedule.

The newly extended 550mby 65m, 550,000 dwtcapacity drydock can nowa c c o m m o d a t e n e wgeneration super largecontainer vessels, containerships, bulk carriers and verylarge crude carriers (VLCC).

Expanding for the futureSubic Shipyard’s two quaysare now 351m and 312mlong after the jetty’s extensionby 175m. A 100m 35-tonnejib crane has been added toincrease operational efficiencyin servicing double-bankedPanamax and Capesizevessels for future afloat repairjobs in the yard.

Part of the expansion plan,the new two-storey trainingcentre will provide employeeswith skills in welding andelectrical works. In addition,modular office work areashave been introduced tomaximise working space.

Subic Shipyard providesrepair, conversion andbuilding services for shipowners and oil rig operators.

The yard specialises in coaltranshipper conversionwork with at least sevencompleted projects. It alsocarries out routine and

specialised machineryreconditioning works andsteel fabrication for land-based, marine and offshorestructures. keppelite

Subic Shipyard Chairman Mr Nelson Yeo and Vice-Chairperson Ms Doris Magsaysay-Hoofficiated the inauguration of the expanded Subic Shipyard

The newly extended Pacific Dock will allow Subic Shipyard to provide more options and solutions to meet customers’ needs



On 27 November 2009, a BPdelegation visited KeppelShipyard to meet seniormanagement, as well as theBP team on site.

Led by Ms Rebecca Wiles,MD of BP Norway, thedelegation also inspected an internal turret being builtfor its Skarv FloatingProduction Storage andOffloading unit. Its ratedmooring loads make this thelargest turret in the world.keppelite

Visiting the world’s largest turret

Marina at Keppel Bay ishome to several renownedF&B establishments thatenhance the waterfrontdining experience with theirdelectable cuisines.

Its tenant, Takumi Tokyo, hasbeen named amongst theTop 10 Best JapaneseRestaurants in Singapore atthe AsiaOne People’s ChoiceAwards organised bySingapore Press Holdings.

Part of a well-establishedrestaurant group in Japan,Takumi Tokyo in Singapore isthe chain’s first outlet inSoutheast Asia. It offers fine

Delectable delightsJapanese cuisine cooked inthe traditional styles ofteppanyaki and robatayaki.

Mr Andy Kiu, Director ofTakumi Tokyo, said, “Thisnomination is recognition ofTakumi Tokyo’s food quality,level of service and mostimportantly, our uniquelocation which greatlyaugments the entire diningexperience for our customers.”

Head down to Takumi Tokyoat Marina at Keppel Bay anddiscover why it is one of thebest in Singapore for Japanesecuisine! For reservations,please call 6271 7414. keppelite

Takumi Tokyo at Marina at Keppel Bay – where fine Japanese dining experience awaits



Vice-Principal of Keppel BaySailing Academy (KBSA) TanThong Meng, or Meng as heis affectionately known, ispart of the select group of 11who completed the RoyalYachting Association (RYA)Sea Survival Instructors’ (SSI)Course held in Portland, UK.

The certification means thatKBSA is now qualified toprovide the RYA Sea Survival

Ocean’s elevenCourse as part of itscurriculum. Prior to this,Meng had attained RYA’sYachtmaster Offshore andYachtmaster Instructorcertifications.

Over two weeks in October2009 under the sponsorshipof Keppel, Meng wentthrough the SSI Course,which is designed to equipparticipants with crucial

A former teacher, Tan Thong Meng (left), Vice-Principal of KBSA, shares his passion for sailing through encouraging and motivating fellowenthusiasts

knowledge to survive in anemergency at sea. Survivaltechniques both in a life raftand the water formed a vitalpart of the course. Othertopics included search andrescue operations anddealing with hypothermia.

Participants also wentthrough a two-hour practicalsession in a pool toexperience first-hand

potential problems whenassisting others on board alife raft, whilst fully kitted outin wet weather gear andlifejacket. An instructor fromthe Royal Navy provided tipsto overcome such situations.

One of the challenges duringthe course was to endurethree agonising hours amidstwaves more than one-metrehigh and buffeted by windsof some 35 knots, before theparticipants were air-liftedback to base.

Meng intends to use his newskills to enhance safetystandards at KBSA, as wellas share the valuableknowledge with buddingsailors. He also hopes toinspire sailors to practicegood seamanship, in linewith KBSA’s vision ofnurturing a sailing fraternityand promoting the activity asa leisure and professionalsport in the region.

An integral part of Marina atKeppel Bay, KBSA is the firstin Singapore to provide RYA-accredited courses and oneof the largest RYA trainingcentres in Asia. With thisi n d u s t r y - l e a d i n gaccreditation, sailingenthusiasts can be assuredthat the curriculum iscomprehensive and meetsstringent standards. keppelite

38 Empowering Lives


Held at the Reflections atKeppel Bay show galleryagainst the stunningbackdrop of Marina atKeppel Bay lighting up thenight sky, Group CorporateCommunications hosted ayear-end party for mediaand analyst friends on4 December 2009.

Renewing tiesKeppel Group’s seniormanagement, as well asbusiness partners andassociates, also joined thegathering, fostering newbonds and strengthening oldties. keppelite


1. Mr Dale Wainwright, Asia Correspondent of TradeWinds catching up with Ms Wang Look Fung, GM (Corporate Communications) of Keppel Corporation2. In high spirits: (from left) Mr Michael Chia, MD (Offshore) of Keppel Offshore & Marine and Deputy Chairman of Keppel Integrated Engineering, Mr Gurdip Singh, Contributing Editor ofOffshore Magazine and Mr Vincent Wee, Journalist of The Business Times3. Mr Andrew Tan, CEO of National Environment Agency networking with Ambassador Tony Siddique4. Toast to friendship: (from left) Mr Conrad Raj, Editor-at-Large of TODAY, Ms Aw Kah Peng, Chief Executive of Singapore Tourism Board, Mr Ronnie Lim, Energy Editor of The Business Timesand Ms Irene Ngoo, Breaking News Editor of Straitstimes.com5. Strengthening bonds: (from left) Mr Vikram Khanna, Associate Editor of The Business Times, Ambassador Michael Tay, ED of Russia-Singapore Business Forum and APEC Secretariat, Mr ConradRaj and Mr Lai Ching Chuan, GM (Corporate Development/Plannning) of Keppel Corporation6. Mingling with journalists from various newspapers and Channel NewsAsia

1

2

3

4

5

6


Empowering Lives 39

Committed to being anemployer of choice, Keppelconstantly seeks ways tobetter manage talent andcater to the developmentneeds of employees. Recentevents provided platforms forhuman resource (HR)managers and practitionersto share best practices andacquire new skills. Aworkshop was also held toimpart knowledge toKeppelites with mentoringresponsibilities.

EXCHANGING GOODPRACTICESKeppel College’s symposiumon 23 November 2009was an occasion for HRofficers across the Group tocome together and exchangeviews on good practices.Grouped into teams,participants discussed severalissues including global andcross-cultural workforce

Strengthening peoplemanagement skills

management and employeedevelopment.

Guest speaker Mr JoydeepBose, President and GlobalHead of HR at OlamInternational, shared hisinsights on talentmanagement and other goodpractices. With the insightsand diverse experiencesshared during the symposium,the event proved enriching toall participants.

Keppel also meets withcompanies outside theGroup for exchanges ongood HR practices. Koreanpetroleum and refinerycompany, S-Oil Corporation,paid a visit to Keppel on24 November to learn aboutKeppel’s comprehensiveapproach to peoplemanagement. During thevisit, S-Oil representativeswere briefed on the

Company’s initiatives inhuman capital developmentand framework forsuccession planning, as wellas HR managementprogrammes.

LEARNING TO MENTORMentoring, like any other lifeskills, needs to be honed.With the objective ofequipping Keppelites whohave taken up mentoringroles within the Group, aKeppel College workshopwas held on 18 December tobrief the participants onKeppel’s mentoring schemeand to share the role andresponsibility of an effectivementor.

Mr Choo Chiau Beng, CEOof Keppel Corporation,gave an opening address atthe workshop where heemphasised the importanceof building up the Group’s

human capital asset. He alsohighlighted that mentoringhas always been part of theKeppel culture and remindedthe participants of the pivotalrole of mentoring in guidingnew hires.

During the one-dayworkshop, participantsgained a better understandingof the purpose and principlesof mentoring, as well aspotential ways to build apositive relationship withtheir mentees throughgames and activities suchas role-playing.

Gari Lee, Assistant Managerfrom Group Internal Audit,said, “The workshop gaveme a clearer idea of theattributes of a good mentor.I am also more aware of thescope and expectations ofmentoring.” keppelite

The exchange between HR management from Keppel and S-Oil Corporation highlighteda number of noteworthy practices that can be emulated

Participants sharing their experiences in people management at the HR symposium

40 Empowering Lives


Hello 2010!

“I am determined towork towards a morebalanced lifestyle andimprove my skills ingolf. With a stroke ofluck, 2010 just mightbe the year I get a holein one!”

Doreen LeeSenior Manager, Property Management,

Keppel Land

“I look forward to ayear of excitementin 2010, starting withthe much-anticipatedarrival of the Clipper09-10 Round the Worldfleet in January. Also,in 2009, Marina atKeppel Bay developeda variety of new sailingprogrammes andembarked on quite a few eco-initiatives. I hope that

we will continue to build on this progress.”Trevor FongGeneral Manager,Marina at Keppel Bay

As we reminisce and bidfarewell to 2009, it is also atime to reflect and chart newpaths. Looking toward thejoys and challenges of 2010,

we invite Keppelites fromacross the Group to sharetheir plans, hopes andaspirations for the yearahead. keppelite

“I am sure many have

been jolted by the

financial crisis of 2009

to re-think how

businesses should be

run, as well as our

expectations towards

our careers. Having

endured the whiplash

of the crisis, let us be

stronger and wiser and work towards a fruitful

2010.”

Sally Tan

Marketing Communications Manager,

Keppel Bay Pte Ltd

“My New Year

resolution is to practise

healthy living. I want to

maintain work-life

balance, eat healthily

and exercise regularly.

And through these

habits, perhaps I can

achieve Gold in my

next Individual Physical

Proficiency Test!”

Tan Ting Feng

Trader,

Keppel Energy

Empowering Lives 41


“In 2010, I will make time

to stop and smell the roses

more often. Also, I want to

pursue a new hobby, travel

widely and hopefully have

someone special to do

these things with.”

William Solomon

Engineer,

Keppel Integrated Engineering

“I want to upkeep myfitness level. This is sothat I can be in my bestform to take on 2010’schallenges! I also hopeto put to good use theknowledge and skills Irecently acquired frommy logistics and supplychain courses.”

Yee Cheng FoongAssistant Manager,Keppel Logistics

“Struck by wanderlust,

I hope to travel more

frequently and in

particular, tour France

and Israel. In addition,

I want to finally catch

a performance by

Cirque Du Soleil!”

Agnes Wu

Commercial Officer,

Keppel Shipyard (Tuas)

“I have always wanted toconquer Mount Kinabalu’smain peak, Low’s Peak, buthave put it off time andagain. This year, I amdetermined to make goodefforts to fulfil this dream.”

Quek Shian PinEngineer,Keppel Singmarine

“I want to take upmore accounting andfinancial courses toupgrade myprofessional skills.Also, I would like tospend more time withmy family and friends,as well as be activelyinvolved in communityoutreach initiatives.Most importantly, in2010 and beyond, Iwant to be more disciplined in everything I do.”Liang QiyangAccountant,Keppel FELS

42 Empowering Lives


Can Do amidst pressure

Uniquely Singapore in the race from Cape Town, Africa towards Geraldton, Western Australia

As they sail towards home inearly January 2010, theUniquely Singapore crew issetting their sights on amagnificent finish in Leg Fourof the Clipper Race fromGeraldton, Western Australiato Keppel Bay, Singapore andthen Qingdao, China.

The team came in seventhposition in the last race intoAustralia. Since departingCape Town, South Africain November across theSouthern Ocean, the crewmet several setbacksincluding unpredictableweather conditions andincessant changing windspeeds.

Even with their bestfoot forward, the crewfound themselvessuccumbing to MotherNature and slipping downthe fleet position.

Uniquely Singapore skipperJim Dobie admitted that thecrew found their change infortunes difficult to dealwith, especially after tastingtheir first podium win in thirdposition for the race fromBrazil to South Africa.

“There were certainly a fewunhappy faces amongst thecrew when we started to loseground to the rest of thefleet,” said Jim. “But we

Empowering Lives 43


regrouped and refocused,pushing as hard as we couldto try and regain the placeswe had lost. However,sometimes things just don’twork out the way you wantthem to.”

Keeping a positive mindset,Jim shared, “The lesson in allof this is never to give up. Onthe Uniquely Singapore, wetake Keppel’s Can Do!approach around the world.”

UNIQUELYSINGAPOREANAs excitement builds up forthe Singapore stopover inJanuary 2010, no one feels thepressure more than KeppelAmbassador Karan Teo.

A Marketing Executive withKeppel Seghers, Karan willbe part of the UniquelySingapore crew who willbe racing from Geraldton,Western Australia toSingapore, and continuingtowards Qingdao, China.

Weather wise, the crew willface extreme sun and heatracing through Australianand Singaporean waters,followed by freezingtemperatures in Qingdao.Despite the challenges,Karan is looking forwardto making Keppel andSingapore proud.

Keppelite spoke to theKeppel Ambassador beforeshe embarked on her sailingadventure.

What are your thoughtsand feelings sailing onUniquely Singapore?So far, this is probably thebiggest adventure of my lifeand I am looking forward toit. I am concerned aboutthe extreme temperaturechanges on this leg, which issaid to be one of thetoughest in the Clipper Race.However, I hope to stretchmy own limits to discovermore about myself.Sometimes only under harshcircumstances can one realisehis or her full potential.

What will you share withthe Clipper crew which isunique to Singaporeduring the stopover?I cannot wait to show themKeppel Bay, although I am

Karan (right) in a practice sail along with fellow Keppel Ambassadors Bart Kregersman (left) and Adrian Tan (centre)

sure they will be wowedupon arriving in Marina atKeppel Bay. Many of themalso want to know moreabout the Keppel Bay SailingAcademy and view theyachts Venture andEndeavour.

This is because I could notstop talking about themduring my remaining Clippertraining in UK! And ofcourse, I’m not going to letthe crew off without lettingthem taste our exotic foods(think durians). They have totry them first before they canhate them right?

Any words of wisdomfor fellow Keppelites?I thank my fellow colleaguesfor being supportive in my

participation in the ClipperRace. I have received manywell wishes and numerouspats on the back. Certainopportunities pop up onlyonce in a lifetime, so grabthem with both hands andfollow your heart!

What do you think areyour strengths that willbenefit the crew toincrease chances of morewins?Within a team environment,I prefer to listen. I see myselfplaying a supportive role tothe Round-the-Worlders, asthey will be more familiarwith the boat and tasks. Ihope to provide a differentperspective to problemsolving.


44 Empowering Lives


HOME COMING ATKEPPEL BAYCatch the much anticipatedarrival of the internationalClipper Race fleet at Marinaat Keppel Bay from 23 Januaryto 2 February 2010.

The countdown to thehomecoming of UniquelySingapore is on.

Marina at Keppel Bay is thehost port for the 10-stronginternational Clipper Racefleet in the Singaporestopover for the thirdconsecutive time.

This year’s stopover promisesto be a thrilling event forboth sailing and non-sailingenthusiasts, with excitingactivities that will stimulatethe senses.

The Clipper Race fleet’sarrival will be celebrated atthe Marina at Keppel Bay onSaturday, 23 January 2010before departing for

Qingdao, China on Tuesday,2 February 2010.

More information on theSingapore stopover and

Uniquely Singapore canbe found at www.mar inakeppe lbay. com/uniquelyspore. keppelite

Be part of the electric atmosphere come January 2010 as the international Clipper Race fleet sail to Keppel Bay


Empowering Lives 45


Celebrating camaraderieamongst colleagues, KeppelCorporation and KeppelIntegrated Engineering (KIE)had organised year-endgatherings for theiremployees. Organisers ofboth events came up withcreative and unique ways ofringing in the New Year.

BACK TO SCHOOLGoing back in time, KIEemployees revisited theirschool days at the company’sDinner and Dance (DnD)held at Meritus MandarinSingapore on 21 November2009. Dressed in schooluniforms, some of whichwere revamped with a touchof imagination and humour,the participants had muchfun and laughter at the DnDthemed “Back to School”.

Deputy Chairman of KIEMr Michael Chia, who wasthe event’s Guest-of-Honour,also revisited the milestonesachieved by the KIE groupover the past year in hisopening address, leaving nodoubt that the night ofrevelry was well deserved byall those who attended.

GOOD COMPANYRounding up a busy year withfun and cheer, Keppel GroupHuman Resources organiseda year-end luncheon atKeppel Corporation on23 December 2009.

Festive tidings

Management from otherbusiness units were invitedto partake in the festivitiesas well.

CEO of Keppel Corporation,Mr Choo Chiau Beng, gavea brief speech recapping theyear’s significant events andconcluded with his wellwishes to everyone gathered.

Prior to the event, eachdepartment at theheadquarters had pooledtogether efforts to constructa Christmas tree made ofrecycled materials. Thesetrees were then displayedat the luncheon andrepresentatives elaboratedon the rationale behind thedesign and materials used.Group Legal’s tree, made

Organising committee of the KIE DnD shows the camera how to have a good at the event themed “Back to School”

of old Keppelite copies,emerged the winner.

The attendees had alsoeagerly anticipated the Bingogame as there were prizes tobe won. Proceeds from sales

of the Bingo cards would bedonated to charity. Theluncheon proved to be anenjoyable occasion wheremanagement and employeeinteraction was fostered.keppelite

The eco-Christmas trees competition was one of the highlights of the Keppel Corporationyear-end luncheon

46 Empowering Lives


Keppelites Abroad

Self-discovery in ShanghaiLeaving Singapore forShanghai on her firstoverseas posting, Goh Su Ye,Assistant InvestmentManager at Keppel LandInternational Limited, got ona journey of discovering herroots and strengths.

Living in China’s mostpopulous city since July2008, Su Ye is part ofKeppel Land’s LeadershipDevelopment Programme forEmerging Leaders, whichaccelerates the developmentof high calibre executives.

Although already fluent inMandarin, the 28-year-old

only learnt to appreciatethe beauty of the languageduring her posting. “I amreminded of my grandfatheron numerous occasions –more so of his failed attemptsat infusing his Chinese rootsin me when I was a child,”she candidly shared.

“Interacting with myChinese counterparts hasmade the CulturalRevolution, the civil war, theearly communist regime andpoverty of old China real tome. I can better understandmy grandfather’s deeplyingrained patriotism to acountry he calls his own

even though he left Chinawhen he was 14 years old.”

Su Ye’s role in businessdevelopment is to supportKeppel Land’s focus inproperty development. Thisincludes identifying andevaluating new real estateopportunities, particularlysourcing for potential landdeals for new development.

Currently, Keppel Land hasan impressive high-endresidential portfolio indowntown Shanghai, withprojects such as One ParkAvenue and 8 Park Avenuein the prime Jing’an District,

and Villa Riviera, a 168-unitvilla development.

The company is alsodeveloping a 26.4-ha site inXinchang Town in NanhuiDistrict, which is poised to bea key hub within Shanghai’scargo development andmanufacturing zone.

On the rewards of anoverseas stint, Su Ye findsherself fortunate to beable to “walk the grounds”,both literally and figuratively.

She elaborated, “Gainingfirst-hand experiencewhen dealing with localconsultants, contractors andofficials is invaluable. This issomething I would not havehad the opportunity to learnat the headquarters (HQ).”

Indeed, it is this positiveattitude of wanting tounderstand the local culturethat has enabled thisKeppel Scholar to adopt alevel-headed approach inmanaging personal andprofessional expectations.

“It is important for us tounderstand constraints onthe ground before we can beeffective in supportingoperations from the HQlevel,” she added. keppelite

Carving out a niche away from home, Suye’s (extreme right) Singaporean friends visit the exuberant executive in Shanghai

Empowering Lives 47


Amidst hectic lifestyles andthe approaching festiveseason of indulgent feasting,business units in the KeppelGroup organised a variety ofevents to promote healthylifestyle habits amongst theiremployees.

FOOD ENCOUNTERSOn 3 December 2009,Group Human Resourcesorganised a Healthier FoodProducts Bazaar at KeppelCorporation’s office, as partof its efforts to encourageKeppelites to develophealthier eating habits. Thebazaar was an instant hitwith employees and sawbrisk sales of food rangingfrom organic mushroom flossto fruit cider.

The next day, Keppel Land’sWelfare Committee organisedan Amazing Food Race inChinatown. A spin-off fromthe popular Americantelevision show, the eventaimed to foster team spiritwhile allowing participants tosample local delicacies.

Mr Cheng Heng Wei,Deputy Project Director(Marina Bay Financial Centre)of Singapore Commercial atKeppel Land, sums up hisexperience, “Through thisactivity, colleagues from

Health is wealthdifferent departments aregiven a chance to bondoutside the workingenvironment.”

ACTIVE LIVINGIn addition to moderateeating, active living is anessential part of a holisticlifestyle. At KeppelRecreation Club’s annualFun Bowl on 22 November,infectious laughter andenthusiasm permeated thefriendly competitionamongst veterans andbeginners alike.

Al-Rashidi Mahmud, Health,Safety and EnvironmentOfficer at Keppel Shipyardand one of the event’s topbowlers, said, “At the end ofthe day, it’s not the prizesthat matter most but thefriendship and camaraderiefostered.”

Over at Keppel FELS, the yardwas abuzz with pugilisticactivity on its ACTIVE Dayon 18 December. Led by ateam of professionalfitness instructors, Keppel FELSemployees and subcontractorspunched and kicked toenergetic music. Theparticipants were executing aseries of basic kick-boxingmoves, designed to helptrainees get trim and fit.

Keppelites enjoyed an afternoon of team-building, friendly competition and delicious food

Led by senior management, Keppelites flexed and stretched at Keppel FELS ACTIVE Day 2009

Mr Chandru SirumalRajwani, GM (QualityAssurance/Commissioning)of Keppel FELS, shared, “It isonly with good health that

we are able to be at ourmost alert and productive,allowing us to live life to thefullest.” keppelite

48 Nurturing Communities


Children eagerly gathering around Black Peter to get a bite of the traditional Dutch cookies that were being handed out

HE Mr Johannes Wilhelmus Gunivortus Jansing (right), Dutch Ambassador to Singapore, andMrs Irma Oortman (left), President of Hollandse Club, wtih Sinterklaas at Marina at Keppel Bay

Typically a winter celebrationin the Netherlands, theSinterklaas holiday came tosunny Marina at Keppel Bayon 21 November 2009.

Sinterklaas comes to townwho consider this as theirmost significant tradition.Usually celebrated in earlyDecember, the feast isespecially loved by childrenas it is a chief occasion forgift-giving.

Organised by the HollandseClub, the festive atmosphereat the Marina washeightened with excitementfrom the 300-strong crowdas they eagerly awaited thearrival of Sinterklaas and hisBlack Peters.

HE Mr Johannes WilhelmusGunivortus Jansing, theDutch Ambassador to

Also known as SaintNicholas Day, it was a highlyanticipated event bythe Dutch expatriatecommunity in Singapore


Singapore, graced the eventas Guest-of-Honour.

Following tradition,Sinterklaas and his helpersarrived by water and werewarmly greeted by thesinging voices of childrencrooning Dutch Christmascarols along to a band. Thechildren were delighted withthe stunts performed by theBlack Peters onboard thevessel.

Delicious Dutch cookies werehanded out as Sinterklaaswent around the promenademingling with the crowd. Theenjoyable celebration of thewell-loved holiday at Marinaat Keppel Bay will make forlasting memories for the localDutch expatriate community.

“We are delighted to holdour traditional Dutchoccasion at Marina at KeppelBay for the second year. TheMarina’s accessibility andambiance make it an ideallocation and platform toshare our cultural heritagewith Singaporeans,” said MrsIrma Oortman, President ofthe Hollandse Club.

Mr Trevor Fong, GM ofMarina at Keppel Bay,shared, “The Sinterklaasevent is one of the many thatadd to the vibrancy of theMarina.” keppelite

Nurturing Communities 49


K-REIT Asia CEO Ms Ng Hsueh Ling meets a young friend as she distributes gift bags tounderprivileged families

In line with Keppel’sstrategic thrust of nurturingcommunities, Christmas wasonce again made meaningfulwith worthwhile charityinitiatives by Keppel Landand K-REIT Asia.

GIFTS FROM THE HEARTKeppel Land broughttogether organisationsrepresenting causes rangingf r o m h e l p i n g t h edisadvantaged, conservingthe environment andprotection of animals, atits annual Charity Bazaar on23 November 2009.

Booths by Animal ConcernsResearch and EducationSociety, Nature’s Niche,United Nations DevelopmentFund for Women andKeppel’s adopted charity,Association for Persons withSpecial Needs (APSN), had

Season of goodwillmerchandise and informativematerials on display.

Organised by Keppel Land’sEnvironment ManagementCommittee, the bazaarprovided employees and

Bugis Junction Towerstenants the opportunity topurchase gifts whilesupporting good causes.

An avid shopper at the event,Ms Rose Tong, Head of

Marketing (Retail) of RafflesQuay Asset Management,acquired several itemsincluding paintings by APSNstudents. She shared, “Oursupport of their effortsthrough our purchases willgo a long way in buildingtheir self-esteem andencourage their integrationwith mainstream society.Moreover, these itemsmake excellent Christmasgifts too!”

SPREADING CHEERK-REIT Asia employeesplayed the role of SantaClaus on 11 December 2009,distributing gift bags tofamilies in need.

Packed with basic necessitieslike rice, noodles and Milo,the residents of four blocksof single-room flats alongEast Coast Road appreciatedthe gesture of goodwill.

“It is great to see how ourefforts have culminated andthat the gift bags havereached the hands of thosethey were meant for,” saidthe event organiser, Mr ChuaHsien Yang, Assistant GM ofInvestment, K-REIT Asia.

Ms Ng Hsueh Ling, CEO ofK-REIT Asia, was pleasedwith the outcome. “I’mhappy that we’ve managedto spread some Christmascheer and that’s the mostimportant takeaway fromthe event.” keppeliteKeppel Land employees and Bugis Junction Towers tenants lending support for a good cause at the Charity Bazaar



It is no wonder thatSingaporeans are embracingthe arts increasingly. Withclose to 30,000 arts andcultural activities held in the

Patron of the arts

past year, culture vulturesare spoilt for choice.

The Singapore CulturalStatistics 2004-2008

published by the Ministry ofI n f o r m a t i o n ,Communications and theArts and National ArtsCouncil (NAC), showed anupward trend of culturalphilanthropy in the artsscene.

In recognition of corporationsand individuals who havecontributed towards thepromotion and organisationof arts activities in Singapore,the NAC conferred awardsat the prestigious annualPatron of the Arts Awardceremony on 26 November2009.

The Keppel Group has beenactive in the development ofthe arts in Singapore andoverseas for over twodecades. In partnershipwith the NAC, the Group

Acting Minister for Information, Communications and the Arts, RAdm (NS) Lui Tuck Yew (left)presented Keppel Corporation’s Director (Group HR), Mr Chee Jin Kiong, with theDistinguished Patron of the Arts Award

developed Singapore’s firstsustained arts sponsorshipinitiative known as KeppelNights.

The scheme offers heavilydiscounted tickets for pre-selected shows to makethe arts more accessibleto students, heartlanders,senior citizens and theirfamilies.

Since the launch of the year-long scheme in August 2008,it has received positiveresponse from the public. Ina survey conducted duringthe second half of theinitiative, 50% of theaudience had either never oroccasionally attended a paidarts event. Encouraged bythe results, the Companyextended Keppel Nights untilJanuary 2010. keppelite

Deck the halls with boughs of jazzJeremy Monteiro’s ASwinging Jazzy Christmasconcert, sponsored byKeppel Group for the thirdyear running thrilleda u d i e n c e s a t t h eEsplanade with toe-tappinggrooves and great Christmastunes.

The 18-piece big bandcomplemented the vocals ofjazz diva Carmen Bradfordalong with musical guestslike Claresa Monteiro andDavid Gomes.

Jeremy Monteiro is consideredone of Singapore’s top jazz

exports, performing insuccessful shows acrossEurope this summer andcollecting an impressivenumber of collaborationsthroughout his career withthe likes of Simon &Garfunkel, Charlie Hadenand James Moody. keppelite

Nurturing Communities 51


Gift of life

volunteers


Keppel

The second run of the KeppelGroup Blood Donation Drive2009 took place over fourdays in December. With thedrive coinciding with theholiday season, corporateefforts become crucial inhelping to meet the bloodbank’s needs.

Organised by the KeppelScholars Alumni Association

( K S A A ) a n d K e p p e lVo l u n t e e r s ( K V ) , i ncollaboration with theSingapore Red Cross Society,the blood collection tookplace at four locations -Keppel Bay Tower, BugisJunction Towers, KeppelShipyard (Tuas) and KeppelOffshore & Marine Tower.

Explaining KSAA andKV’s motivation behindorganising the BloodDonation Drive, LiangQiyang, Director (SpecialProjects) of KSAA, said“Singapore needs 300packets of blood daily andeach person’s donation couldhelp save up to three lives.As such, we thought it wouldbe worthwhile to encouragethe practice of donatingblood amongst Keppelites.”

Happy for the chance to dohis part for the community,Tan Kean Yap, ProjectManager at Keppel Shipyard(Tuas), said, “It is hearteningto see so many Keppelites atthis event. This gift from uscan affect another person’schance to live. As such, I urgeall Keppelites to make blooddonation a way of life. Everydrop counts.”

Grantingwishes

It is an annual traditionfor Keppel Land to helpgrant the Christmaswishes of children fromKeppel’s adopted charity,the Association forPersons with SpecialNeeds.

The children are invitedto write their wishes ontags that are hung onChristmas trees in thebuildings managed byKeppel Land. Keppelitesand tenants in thesebuildings are invited toplay Santa by selecting awish tag and purchasingthe gift accordingly.

First-time donor Kristine Rodis, Finance Officer at Keppel Singmarine, found the blooddonation exercise a meaningful experience

For first-time donor KristineRodis, Finance Officer atKeppel Singmarine, theexercise was a meaningfulexperience. She said, “Allin all, it was pleasant. It was

not as painful as I expectedit to be. I’m glad to havehad this opportunity tohelp others, especiallysince this is the season ofgiving!” keppelite

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Prin

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Keppel to build Vietnam’s first SSDTProven KFELS SSDT™ 3600E design to premiere offshore Vietnam in 2011.

Keppel FELS has secured thecontract to build Vietnam’sfirst semisubmersible drillingtender for PetroVietnamDrilling and Well ServicesCorporation (PV Drilling) forabout US$200 million.

Targeted for delivery in thefourth quarter of 2011, thistender assist rig will be builtto Keppel’s award-winningKFELS SSDT™ 3600E design.

Mr Tong Chong Heong, CEOof Keppel Offshore & Marine(Keppel O&M), parentcompany of Keppel FELS,said, “We are pleased thatPV Drilling has chosen toreinforce our strongpartnership with a contractto build a landmark rig forthem.

“They have made the rightchoice in selecting theKFELS SSDT™ 3600E, whichhas a proven track recordfor operational performanceand Health, Safety andEnvironment. We areconfident that this rig willperform to their highestsatisfaction, and lookforward to deliver her ontime, within budget andwithout incidents.”

This versatile design hasgained momentum in theinternational market for its

resilience and suitability foroperations in a variety ofchallenging environmentsacross the world, includingoffshore Vietnam.

Keppel FELS has deliveredfive such units since 1994, allof which have been deployedin both shallow and deepwaters off Southeast Asiaand West Africa.

Keppel FELS has beeninvolved in the Vietnameseoffshore market for about

25 years. During this time, ithas completed severalmilestone projects includingthe Hoang Sa, a 1,200-tonnefloating crane in 1984 andVietnam’s first jackup rig, theTam Dao I for VSP in 1988.

Prior to the new tender assistrig, Keppel FELS was alsoengaged to build PV Drilling’smodern fleet of threeKFELS B Class jackup rigs.The rigs have been deliveredahead of schedule and withoutstanding safety records,

the latest being PV Drilling IIIin November 2009.

Developed by Keppel O&M’sDeepwater TechnologyGroup, the multi-awardwinning KFELS SSDT™3600E was recentlyrecognised for its eco-friendly features, which havecontributed significantly tosustainable operations, aswell as the safety andwell-being of rig crew.Read more on page 12. keppelite

Deepening Vietnam-Singapore ties - Inking the contract for Vietnam’s first SSDT to be built in Singapore, are PV Drilling’s President Mr Do VanKanh and Keppel Offshore & Marine’s CEO Mr Tong Chong Heong

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