Keppel Group Newsletter Keppelite · 2012-02-27 · Keppelite I September 2009 Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation

Keppelite I September 2009

World’s first DSS™ 38

semi for Brazil 10

Award winning

eco-friendly rigs 16

Keppel College

builds talent 20

Keppel Group Newsletter

SEPTEMBER 2009www.kepcorp.com/ekeppeliteeppel

MICA(P) NO. 2006/12/2008

Keppelite

Twin peaksTwin peaks


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

EditorRoy Tan

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

Contents

CO REG NO: 196800351N

eppel

SUSTAINING GROWTHTwin rigs make history 4

Green transport in Tianjin Eco-City 7

K-REIT Asia ups stake in Prudential Tower 8

Tapping Asian growth opportunities 9

World’s first DSSTM 38 semi 10

Jakarta Garden City launches new collections 12

Singapore’s best office developer 13

Sharpening edge in China

Keppel delivers Caspian’s first ice-class FSO 14

Eco-friendly rigs top engineering awards 16

Innovation rewards 18

Third FSRU in for conversion 19

SPECIAL FOCUSBuilding up talent with Keppel College 20

Meeting of minds 24

Driving industry growth 26

New director for Manchester project 27

Keeping in step counts

EMPOWERING LIVESA balancing act 28

Defence champion 29

Spurring on academic excellence

The race is on! 30

Going the distance 32

Sporting spirits 34

Keppelites AbroadThe world is not enough 35

NURTURING COMMUNITIESViva Brazil 36

Nemo found! 38

Keppel VolunteersBarrage of fun 39

BACK PAGEKeppel acquires Senoko Incineration Plant 40

23

10 16

Cover image: Growing partnership between Keppel O&M and PV Drilling at the naming ceremony ofthe two rigs for Vietnam.


In the recent Grow Beyond talk (see story on page

22), we heard the story of two brothers who stood

by each other through thick and thin to become a

Singapore-proud brand, Charles & Keith.

From very humble origins in a small shoe shop in

Ang Mo Kio, the brothers banded together to

overcome great odds for their sole vision.

And even as they move into the future

acknowledging the important contribution of their

team, Charles did not forget to mention their

mentors in the story.

Sounds familiar? It is the kind of story to which

Keppelites can immediately feel akin.

After all, Tough Men, Bold Visions – The Story of

Keppel began with “two holes in the ground”

(docks in the yard) and a small group of

Singaporeans who believed that together, they

could build a competent team and business,

despite all the challenges against them.

Their story and those of many Keppelites who have

grown with the Group through the years would

be told over and over, just as their Can do! spirit

would be passed on from one Keppelite to another.

It was therefore apt that at the end of the Grow

Beyond talk, our CEO called for Keppelites to step

up as mentors. Mentors play such important roles

in our people initiatives that we have even

developed a structured programme under Keppel

College (see story on page 20) to better equip

Keppelites for the part.

With the scale and spread of our businesses,

Keppelites have rich professional and personal

experience to share. And over and above our

diversity, the Keppel culture bands us and brands

us.

Mentors help us tell and reflect the Keppel story.

They impart the Keppel culture with immediacy

and great passion to new Keppelites, shaping not

only careers but character. In turn, as they enrich

the lives of others, our mentors enjoy a new and

interesting dimension in their work through their

sharing.

Every Keppelite can make a mark and add to the

chapters. The lead roles and the supporting cast

are equally important in contributing to a good

story.

As a young Keppelite, I feel privileged to be in a

company that is interested in guiding and shaping

me to be a contributing member to Keppel and to

society. I am ready to go back to college, Keppel

College, that is.

EditorialSole vision


4 Sustaining Growth


4 Sustaining Growth

For the first time in righistory, two identical jackuprigs have been namedtogether by Keppel FELSa n d i t s c u s t o m e rPetroVietnam Dril l ing &Well Services Corp (PVDrilling).

Twin rigs make history

The naming of the twins,PV Drilling II and PV DrillingIII, was witnessed by SeniorMinister of State (SMS)for Trade & Industry,Mr S Iswaran at KeppelFELS on 9 September2009.

Both rigs are built to Keppel’sproprietary KFELS B Classdesign, which is a choicerig for discerning drillingoperators worldwide.

PV Drilling II has since beendelivered 1.5 months ahead

of schedule, while sister rig,PV Drilling III is also expectedfor ear ly complet ion.Together, they will add to thecurrent count of 28 KFELS BClass units that have enteredthe global offshore marketsince 2000.

The naming of twin rigs, PV Drilling II and PV Drilling III, marks yet another milestone in the deepening relationship between Singapore and Vietnam. They were named at Keppel FELS in thepresence of Senior Minister of State Mr S Iswaran (sixth from right) and Mr Dinh La Thang, Member of Party Central Committee and Chairman of PetroVietnam (fifth from right)


Sustaining Growth 5

Speaking at the namingceremony, PV Drilling’s topexecutives shared plans toexpand the company’s rigfleet.

According to Vietnam Oiland Gas Group’s vicepresident, Mr Do Van Hau,the company plans to invest$1.7 billion until 2025 tobuild and operate an 11-strong fleet of rigs, includingfive land rigs and six offshorerigs. The expansion of the rigfleet will support explorationdrilling in Vietnam.

Mr Hau added that some900 exploration wells will bedrilled over the next 15 years,with around 20 to 30exploration wells to be drilledevery year. Fifteen rigs arenow drilling offshoreVietnam, including 11

Supporting Vietnam’s growth

mobile drilling units andfour stationary rigsworking on Vietsovpetro’soffshore structures.

According to PV Drilling’spresident & CEO, Mr DoVan Kanh, PV Drilling III isexpected to conduct mostlyexploration drilling in BachHo, and has a five-yearcontract with Vietsovpetro.

Mr Kanh also added thatsister rig, PV Drilling II iscontracted for a one-wellcampaign. Talks areunderway for a two-yearcharter on the new jackup.

PV Drilling now owns threejackups. The first unit, PVDrilling I has an ongoingcontract until next Augustand a new charter is beingnegotiated, Mr Kanh added.

We want to position ourselves tocapture Vietnam’s growing marketfor oil and gas services with thesupport of a strong and reliableshipyard that can deliver projectspunctually, on budget and withoutincidents… Having worked withKeppel FELS on several importantprojects, we are convinced that theyare the best people to help us buildour highly specialised rig fleet.Mr Do Van KhanhPresident & CEOPV Drilling

SMS Iswaran said, “The earlycompletion and delivery ofPV Drilling II and III marks yetanother milestone in thedeepening relationshipbetween our two nations. Itwill put Singapore’s maritimecluster in good stead tosupport Vietnam’s growingoil and gas sector.

“Today’s naming of the twinrigs once again underscoresthe strengths and capabilitiesof Keppel and Singapore’smarine and offshore industry.Our shipyards have longestablished a strongreputation for quality andtimeliness. They have alsogained prominence for theirability to offer specialisedservices and handlesophisticated projects.”

Mr Do Van Khanh, President& CEO of PV Drilling said,“We want to position

ourselves to captureVietnam’s growing marketfor oil and gas services withthe support of a strong andreliable shipyard that candeliver projects punctually,on budget and withoutincidents.

“We are very pleased withthe excellent work KeppelFELS has done on PV DrillingII and PV Drilling III. Havingworked with them on severalimportant projects, we areconvinced that they are thebest people to help us buildour highly specialised rigfleet.”

Mr Tong Chong Heong, CEOof Keppel Offshore & Marine,said, “We are excited tomark Keppel and Vietnam’squarter-century partnershipwith the historical naming oftwo jackup rigs for PVDrilling.

Continues on page 6...

We are excited to mark Keppeland Vietnam’s quarter-centurypartnership with the historicalnaming of two jackup rigs forPV Drilling… We are honouredthat PV Drilling has chosen KeppelFELS time and again for theirmilestone projects.Mr Tong Chong HeongCEOKeppel Offshore & Marine

6 Sustaining Growth


“High levels of engineeringand construction efficiencyhave been achieved on thetwin rigs due to our richexperience in building repeatKFELS B Class jackups, andthe excellent team work withour customer. We arehonoured that PV Drilling haschosen Keppel FELS time andagain for their milestoneprojects.”

The KFELS B Class rig is ableto operate in water depthsof 400 ft with a drilling depthof 30,000 ft. Versatility of PV

...continued from page 5.

Drilling III has been furtherenhanced with features likeengines that meet morestringent emission standardsand lower spud can bearingpressure for operation inareas with soft soilconditions.

Designed for maximumuptime with reducedemissions and discharges,the KFELS B Class rigrecently won the PrestigiousEngineering AchievementAward 2009 from Institutionof Engineers Singapore for its

environmentally-friendlyfeatures (see page 16-17).

Keppel FELS has beeninvolved in the Vietnameseoffshore market for 25years having completed theHoang Sa, a 1,200-tonnefloating crane in 1984 andVietnam’s first jackup rig,the Tam Dao I in 1988.More recently, in 2007, itdelivered Vietnam’s firstKFELS B Class jackup, PVDrilling I, ahead of scheduleand within budget to PVDrilling.

Beyond the offshore market,sister company Keppel Landis also Vietnam’s developer ofchoice with eight new realestate projects secured in2007. Meanwhile K e p p e lI n t e g r a t e d Engineering isundertaking two wastewatertreatment plants in Vietnamand has secured an in-principle agreement with theHo Chi Minh City People’sCommittee for Vietnam’sfirst waste-to-energy plant.keppelite

PV Drilling II and PV Drilling III made history being the first pair of jackup rigs named together at Keppel FELS


Sustaining Growth 7

Sino-Singapore Tianjin Eco-C i t y I n v e s t m e n t a n dDevelopment Co., Ltd.( S S T E C ) i s f o s t e r i n gcollaborations with leadingS i n g a p o re t r a n s p o r torganisations to lay thef o u n d a t i o n f o r acomprehensive and effectivegreen transport system in theSino-Singapore Tianjin Eco-City (Tianjin Eco-City).

The green transport systemwhich features publictransport system and electricand hybrid electric vehiclesfor both public and privatevehicles will help improveair quality and reducecarbon emissions in theTianjin Eco-City.

On 2 September, SSTECsigned a Memorandum ofUnderstanding (MOU) withthe LTA Academy, set up bythe Land Transport Authorityof Singapore (LTA), on thedevelopment of training andpolicy research programmes

Green transport in Tianjin Eco-City

transport and implementedvarious policies to promotesustainable and greentransport.

“The MOU will provide agood platform for LTAAcademy to share Singapore’sexperience and expertise inbuilding a sustainable andpeople-centred land transportsystem with Tianjin Eco-Cityas well as other Chinesecities.”

The second MOU was signedon the same day withSingapore TechnologiesKinetics Ltd (ST Kinetics),the land systems andspecialty vehicles arm ofSingapore TechnologiesEngineering Ltd.

ST Kinetics will undertake afeasibility study on theimplementation of a greenpublic transport network inthe Tianjin Eco-City, andsimilar studies in the future

Celebrating the partnership are Mr Mohinder Singh (left), Dean of LTA Academy and Mr LimChin Chong (right), COO of SSTEC. Looking on is Mr Yam Ah Mee, CE of LTA

Leveraging the proven track record and experience ofLTA Academy and ST Kinetics further enhances ourconfidence that together we will successfully develop anew benchmark for green transport systems and a modelfor other cities.

Both collaborations are key in our strategy for greentransportation that will demonstrate our commitmentto transform the way people commute for asustainable lifestyle.Mr Goh Chye BoonCEOSino-Singapore Tianjin Eco-City Investment and Development Co., Ltd

for sustainable land transportin the Tianjin Eco-City.

LTA Academy will also takeon a policy advisory role inthe development of landtransport systems for theTianjin Eco-City, tapping onits successful experience inSingapore.

Mr Yam Ah Mee, ChiefExecutive of LTA, said“Singapore has adopted aholistic approach to land

for a green private transportnetwork.

ST Kinetics will also considersetting up a plant in theTianjin Eco-City to produceelectric and hybrid-electricpowertrain kits to serve theEco-City and northernChina, as well as exploresetting up office in the Eco-Business Park.

Mr Sew Chee Jhuen,President of ST Kineticssaid, “ST Kinetics is pleasedto work with SSTEC andthe local authorities toj o i n t l y e x p l o r e t h epotential applications of oursuite of alternative energytechnologies in pure-electric,hybrid-electric and hybrid-hydraulics powertrainsolutions for city buses,commercial and passengervehicles and heavy trucks tomeet the green transportationrequirements of the TianjinEco-City and beyond.” keppelite

8 Sustaining Growth


K-REIT Asia ManagementLimited, Manager of K-REITAsia, announced on1 September 2009 that RBCDexia Trust ServicesSingapore Limited, in itscapacity as the trustee ofK-REIT Asia, has enteredinto a sale and purchaseagreement with APF PropertyInvestments (S) Pte. Ltd. (theVendor), for the acquisition

K-REIT Asia ups stake inPrudential Tower

of levels 20 to 25 of the 30-storey Prudential Tower (theProperty) at a price of$106,286,500.

Prudential Tower has a totalstrata area of 248,541 sf, ofwhich K-REIT Asia currentlyowns 44%, comprising levels10 to 19 and a part of theground floor of the Property.

Col l ie rs Internat iona lConsultancy & Valuation(Singapore) Pte Ltd, anindependent property valuercommissioned by theManager, has valued theProperty at $124,500,000.

Upon completion of theacquisition, K-REIT Asia willown 73% of the total stratavalue of the property. Thestrata area of levels 20 to 25measures 72,215 sf with anet lettable area of about67,300 sf and is currentlyoccupied by six tenants.

On the acquisition, ProfessorTsui Kai Chong, Chairman ofK-REIT Asia ManagementLimited, said, “Our increasedinterest in Prudential Tower,an award winning officedevelopment in Raffles Place,at an attractive price duringthese opportune times willprovide sustainable positivereturns for our unitholders.”

Under the agreement, theVendor will offer K-REIT Asia

income support of up to$5 million for a period of fiveyears commencing from thedate of completion of theacquisition. The acquisition isexpected to be completed inthe fourth quarter of 2009.The Manager of K-REIT Asiabelieves that the acquisitionwill also benefit holders ofunits in K-REIT Asia as:

• a majority control (about73%) of the Property willput K-REIT Asia in a strongerposition to manage theincome generated from thisasset. The provision ofrental income support willlimit the downside risksand provide the certaintyof income for the nextfew years.

About Prudential Tower• 30-storey Grade A office development completed

in 1998

• Situation at the junction of Church Street and

Cecil Street

• Five-minute walk from the Raffles Place MRT station

• Total strata area of 248,541 sf and 181 car park lots

• Leasehold tenure of 99 years with effect from15 January 1996

• Winner of the FIABCI Prix d’Excellence 2003Award (office/industrial category)

• Anchor tenants include The McGraw-HillCompanies, KBC Bank N.V. (Singapore branch),Korea Exchange Bank, Bayerische Hypo-UNDVeriensbank, Prudential Fund Management andThe Executive Centre

K-REIT Asia has upped its stake in PrudentialTower from 44% to 73%

• the acquisition is expectedto be yield-accretive,resulting from theacquisition of the propertyat an attractive pricerelative to the cash flowsthat it generates throughthe sustainable positivereturns from the propertytogether with theminimum net propertyincome from the rentalincome support for fiveyears.

The acquisition will befunded entirely by debtand when completed, willincrease K-REIT Asia’sa g g r e g a t e l e v e r a g emarginally to 31.1% from27.6%. keppelite


Sustaining Growth 9

Urban population growthposes significant and complexchallenges for governmentsa n d i n t e r n a t i o n a lcommunities, particularly soin Asia which is projected tohave 54% of the world’surban population by 2030.

I t w a s a g a i n s t t h i sbackdrop that Dr LeeBoon Yang, Chairman ofKeppel Corporation outlinedthe “Opportunities andChallenges in Asia’sInfrastructure Development”during the Singapore BritishBusiness Council (SBBC)business forum that was heldin London on 3 September.

Dr Lee outlined the multi-foldchallenges posed by rapiddevelopment, urbanisationand its adverse effects onthe environment. However,he also highlighted theimmense infrastructureopportunities that theypresent. For example, theChinese Ministry of Housingand Urban-Rural Developmentwas recently reported asprojecting annual investmentof up to US$160 billion foressential public utilities asthe result of acceleratingurbanisation.

Through the case studiesof some of Keppel’sinfrastructure projects inthe region, namely, theUlu Pandan NEWater Plantand the Sino-Singapore

Tapping Asian growth opportunities

Tianjin Eco-city, Dr Leedemonstrated the complexityo f t h e i s s u e s o finfrastructure developmentand urbanisation thatcommunities and governmentshave to grapple with.

He also underscored thatwith growing understandingof the problems, improvingtechnology, strong public-private cooperation anddialogue, British companiescan tap on like-mindedSingaporean companies’experience in the region to

HRH Prince Andrew, Duke of York sharing views with Dr Lee Boon Yang, Chairman of Keppel Corporation at the Singapore British BusinessCouncil forum gala dinner

explore the opportunities inAsia for sustainable urbandevelopment.

Sir Mark Moody-Stuart, non-executive Chairman of AngloAmerican and ex-chairmanof Royal Dutch Shell andDr Albert Hong, Chairmanof RSP Architects who arethe Co-Chairmen of theSingapore British BusinessCouncil, were the co-hostsfor the Forum. HRH, PrinceAndrew, the Duke of York,KG – UK Special Representativefor International Trade and

Investment hosted at the galadinner after the forum.

The forum was organisedby the Singapore BritishBusiness Council with thesupport of the UK Trade& Investment and theS i n g a p o re E c o n o m i cDevelopment Board toe n c o u r a g e f u r t h e rcollaboration betweenSingapore and Britishbus inesses to tap oninfrastructure businessopportunities in the rapidlydeveloping Asia. keppelite

10 Sustaining Growth


Keppel FELS is on track todeliver Gold Star, the first oftwo DSSTM 38 deepwater rigsto Brazilian operator, QueirozGalvão Óleo e Gás (QGOG)later this year.

Progressing on time andwithin budget, Gold Star willbe the first DSSTM 38 rig toenter the market and supportPetrobras exploration andproduction activities.

Gold Star was named on29 August by Lady Sponsor,Mrs Fiona Steane, spouse ofMr Christopher Steane,Global Head for StructuredFinance of the rig’s financiers,ING Bank.

At the ceremony, Guest-of-Honour, Rear AdmiralLui Tuck Yew, ActingMinister for Information,Communications and theArts said, “Our homegrowncompanies have much tooffer Brazil, and will help topave the way in promotinggreater rapport andmeaningful exchangesbetween our economies.

“With technology innovation,execution excellence and acapable workforce as itshallmark strengths, as wellas its established facilitieshere and in Brazil, I amconfident that Keppel is well-positioned for long-termsuccess in Brazil’s fast-growing offshore market.”

World’s first DSSTM 38 semiThe design is jointlydeveloped and ownedby Keppel’s DeepwaterTechnology Group andMarine Structure Consultants.DSSTM 38 is a compact andcost-effective deepwater rigdesigned to meet operationalrequirements in thedeepwater “Golden Triangle”region, comprising Brazil,Africa and the Gulf ofMexico.

Mr Antonio Augusto deQueiroz Galvão, GeneralDirector of QGOG said,“I wish to congratulateKeppel FELS for successfullymeeting the milestones ofour project on time.

“Confirming our company’ssatisfaction with Keppel’sperformance, we orderedlast year, a sister unit to benamed the Alpha Star,which will be delivered byKeppel FELS in 2011.

“We strongly believe alsothat the success of our secondproject will strengthen thepartnership between Keppeland QGOG towards futureprojects.”

Mr Tong Chong Heong,CEO of Keppel FELS’ parentcompany, Keppel Offshore &Marine said, “Keppel hasbeen doing business withBrazil for more than 30 years,during which we have forgedmany rewarding partnerships.

Together with our Braziliancustomers, we have pushedboundaries to meet theunique challenges ofBrazil’s offshore operatingenvironment.

“We are pleased that QGOGhas chosen Keppel FELSto support its newbuildprogramme. This not onlyreaffirms the growingacceptance of our DSSTM

Series, but also Keppel’s

status as the Builder ofDistinction in Brazil’s offshoresector.”

In the league of some of theworld’s most advancedsemisubmersibles, DSSTM

Series rigs are designedto maximise uptime withreduced emissions anddischarges.

DSSTM 38, the latest model inthis Series, is rated to drill

Gold Star, the world’s first DSS™ 38 deepwater semi, is the product of the close collaborationbetween QGOG and Keppel FELS


Sustaining Growth 11

depths of 30,000 feet belowmud line in over 9,000 feetwater depth. It has anoperational displacement ofover 38,000 tonnes and canaccommodate 130 men. Italso features both verticaland horizontal riser storageand is configured with eight3000kW azimuth thrustersto keep the rig in position.

Presently under constructionat Keppel FELS, QGOG’ssecond DSSTM 38 unit, AlphaStar, is scheduled for deliveryin mid-2011. keppelite

Celebrating a successful partnership are Keppel and QGOG management, with Lady Sponsor of Gold Star Mrs Fiona Steane (centre) andGuest-of-Honour Minister Lui Tuck Yew (to her right)

QGOG is one of Brazil’slargest private groups inthe oil and gas sector,supported by a 30,000-strong workforce. In anexclusive interview withKeppelite, Mr AntonioAugusto de QueirozGalvão, General Directorof QGOG shares insights tothe company’s strategy toplay a part in the brightfuture of the Brazilian oiland gas industry.

Where does thepotential of Brazil’senergy market lie?Brazil has discovered atremendous amount ofoil in deepwater. In thelast few years, activities in

the deepwater arena inBrazil have been growingdramatically. We feel thatthe future of Brazil is indeepwater.

Why did you chooseKeppel?There is no doubt thatKeppel FELS is one of themost capable shipyards inthe world to build drillingrigs, not just semis but alsojackups. Keppel FELS hasthe best experience withsemis, having built somevery large production unitsfor Petrobras to work inBrazil.

We did our study, consideredthe price and timing, and

most of all the qualityassurance. We feel thatwe have made the rightchoice to work with KeppelFELS.

Why did you choose theDSSTM 38?The foremost reason is thecapacity of the rig. Gold Starcan drill in 9000 ft of water,so it covers 95% of theexploration regions in Braziland almost 100% of thefields that have beendiscovered in Brazil up tillnow. There are designs thatare larger than the DSSTM 38,but the sea in Brazil is not sorough, so this design isexcellent for Brazilianconditions.

Insights to QGOG

Furthermore, Gold Star canalso drill in many otherparts of the world. It is aninternational-class rig; sheis well suited for Brazilianconditions but she can drilloverseas as well. Weforesee a very long futurefor this rig.

Mr Antonio Augusto de Queiroz Galvão



Recently unveiled clusters oflanded houses at JakartaGarden City have met withstrong response from localbuyers. About 61% of the384 total launched unitshave been sold to date atthe integrated townshipdevelopment in Cakung, EastJakarta.

This comes on the backof the development garneringt h e “ W e l l - p l a n n e d ,Environmentally-friendly andTechnologically ModernTownship” Award at theIndonesia Property and BankAwards, which honours thebest in real estate and finance.

The new clusters, AlamandaGarden I & II, are part of 989landed houses under the firstphase, which includes a

Jakarta Garden City launchesnew collections

modern clubhouse withrecreational facilities tocomplement the residents’lifestyles.

Developed by a KeppelLand-led joint venture, thetownship spreads over 270hectares, offering a self-contained live, work, playand learn environmentamid lush foliage boastingtree-lined boulevards,sculptured gardens, andample parks.

Mr Lim Seng Bin, PresidentDirector of Jakarta GardenCity, said, “We are pleasedthat Jakarta Garden City hasreceived positive responsefrom home buyers.

“Our residents will enjoy theconvenience of nearby

amenities and modernfacilities, 24-hour securityin the gated housingclusters and quality publicinfrastructure such as well-built roads, all in a flood-free,green haven.”

Located within a half hour’sdrive from the city centre,Jakarta Garden City offershomeowners easy accessto the town centre forwork or pleasure. The siteis also one of the few largeplots of land available fortownship development inJakarta.

Construction work forPhase One is currentlyunderway. Buyers of theother two clusters, CassiaGarden and ZebrinaGarden, can look forward

to collect their keys to theirnew homes when they arecompleted in the fourthquarter of this year.

To be developed in phasesover 10 to 15 years, thetownship will provide some7,000 landed homes andapartments for middle-toupper-middle incomefamilies.

In Indonesia, Keppel Landhas a strong portfolio ofdiverse projects ranging fromresidential to commercialand hospitality projects.Leveraging its regionalexperience, local networksand market knowledge,Keppel Land is well-positioned to build on itsreputation for quality homesin Indonesia. keppelite

Crowds thronged Jakarta Garden City’s show gallery during the launch of its new clusters of quality landed homes



Following the jointannouncement betweenKeppel Land and EvergroProperties (Evergro) forthe proposed delistingof Evergro from theSingapore ExchangeSecurities Trading Limited(SGX-ST), the Board ofEvergro announced on23 September 2009 thatall resolutions as set out inthe Notice of EGM wereduly passed by theshareholders in accordancewith the requirements ofRule 1307 of the ListingManual.

Accordingly, Keppel Landalso announced that theconditions to its Exit Offerhave been satisfied,resulting in the Exit Offerbecoming unconditional inall respects.

As at press time, theexpected last date andtime for trading of Evergroshares on the SGX-STprior to the delisting is30 September 2009 at5.30 pm and the expecteddate for the delisting ofEvergro shares is lateOctober 2009, or suchother dates and times asmay be announced by theCompany.

Sharpeningedge in China

Following the delisting,employees of Evergro willbe offered appropriateroles which commensuratewith their expertise andexperience. Other details ofthe integration will be rolledout in the next few months.

Mr Kevin Wong, GroupCEO of Keppel Land, hadsaid of the proposeddelisting, “By combiningthe operational expertise,industry knowledge andextensive networks of bothcompanies, Keppel Landwill be in an even strongerp o s i t i o n t o c a p t u reopportunities and growth inChina.

“It provides us with astronger platform tomaximise the potential ofour existing portfolio andcollective strengths as wecontinue to grow KeppelLand as the choice developerof homes in China.” keppelite

Singapore’s bestoffice developer

developments in Singaporeor overseas.”

Last year, Keppel Land hadpicked up 11 awards at theEuromoney Real EstateAwards, which recognisesthe best in the global realestate industry.

The awards system is basedon results pooled from asurvey of senior decisionmakers in the global realestate industry and majorcorporate end-users fromover 50 countries. keppelite

Keppel Land’s sterling office portfolio grows in tandem with Singapore’s reputation as aprestigious business address in Asia


Shareholders welcomed the move to unlockvalue in their Evergro shares

Leading Singapore ind e v e l o p i n g q u a l i t ycommercial properties,Keppel Land was namedBest Office Developer inSingapore at the EuromoneyReal Estate Awards 2009.

Mr Tan Swee Yiow, CEO,Singapore, Commercialsaid on this win, “We aredelighted to receive strongendorsement from the realestate community. It istestament of Keppel Land’scommitment to developq u a l i t y c o m m e r c i a l



Keppel Singmarine hassuccessfully delivered an ice-class Floating Storage andOffloading vessel (FSO) torepeat customer, LUKOIL-Nizhnevolzhskneft (Lukoil).

YURI KORCHAGIN is thefirst ice-class FSO to becompleted and deployed inthe Caspian region. It waschristened at KeppelSingmarine’s sister yard,Caspian Shipyard Company(CSC) in Azerbaijan on26 August 2009.

Completed on-time andwithout accidents in over

Keppel delivers Caspian’s firstice-class FSO

two million man-hoursworked, the vessel has sincebeen deployed to the YuriKorchagin oil field in theRussian Federation sector ofthe Caspian Sea.

A new design by KeppelSingmarine’s technologyarm, Marine TechnologyDevelopment (MTD), the FSOcan withstand ice conditionsof minus 20 degrees Celsiusand ice thickness of 0.6metres.

Mr Hoe Eng Hock, ED ofKeppel Singmarine said,“This project marks a

The ice-class FSO at work at the Yuri Korchagin oilfield in the Caspian Sea

significant milestone for usand our partnership withLukoil. This is the seventhvessel we delivered tothem and also the mostchallenging. It enhanced ourdesign and constructioncapabilities and added to ourtrack record of vesselsconstructed for difficultweather conditions.

“ T h i s c o m p l e t i o ndemonstrates the synergybetween Keppel’s yards andthe close cooperation wehave with our partners. Weare able to leverage ourNear Market, Near

Customer strategy to deliverinnovative solutions to ourcustomers.”

The ice-class FSO wasfirst built as two separatehull sections at KeppelSingmarine in Singapore sothat they could be towedthrough the Volga-Don rivercanal, known for its strictrestrictions on height, widthand draft. The two hullsections, living quarters,h e l i d e c k a n d o t h e requipment were transported11,000 km to CSC whereit was assembled andcompleted.



Witnessing the christening of the FSO at Caspian Shipyard are (right to left), Mr Yan NaingMyint, President of CSC, Mr Hoe Eng Hock, ED of Keppel Singmarine, Mr Kazakov, FirstDeputy General Director and Chief Engineer of Lukoil, HE Dorohin, Russian Ambassador tothe Republic of Azerbaijan, Mrs Kazakova, godmother of the vessel and Mr Barkov, VicePresident of Lukoil

This method of constructinga vessel in sections and thentransporting them throughthe narrow Volga-Don RiverCanal into the Caspian Seafor completion is part ofKeppel O&M’s expertisehaving previously built ajackup rig and asemisubmersible in CSCthrough this method.

With oil storage designcapacity of approximately28,000 tonnes, the FSO ismeant for uninterruptedservices in receiving crude oil

After two years and 10months of working on theYURI KORCHAGIN acrosstwo continents, the firstice-class FSO built byKeppel Singmarine sailedaway from CSC on8 September 2009.

During the initial stage ofbuilding the vessel, KeppelSingmarine was faced withspace constraints as theyard was very packed. Toovercome the challenge,Keppel Singmarine had tobuild the two sections ofthe accommodation blockon top of each other tosave space.

Furthermore, the two mainhull strips were built sideby side on the slipwayand temporarily joinedtogether to be launchedfrom the slipway, afterwhich they were separatedagain before they wereloaded on a large transportvessel for its journey toBaku.

Lee Yoong Hoong,project manager of KeppelSingmarine, shared, “Itwas a tough processtransporting sections ofthe vessel to Caspian Sea.To prepare the hull stripsfor the passage throughthe canal, my teammembers and I had tospend about 14 days on atugboat in the cold whenthe FSO sections and

equipment were transportedthrough the very narrowVolga-Don canal.

“We were quite nervous aswe were worried that thehull strips might not passthrough the canal and wewould be stuck there fordays.”

Despite the challenges,meticulous planning andexcellent project managementensured that things wentsmoothly and the hull sectionsand other equipment arrivedat CSC in good condition andon schedule.

From late October 2008, Leeand a few of his projectmembers camped out for 10months in Baku as theypartnered CSC to put togetherthe sections of the vessel.

Lee added, “We receivedvery good support from CSCin the construction of thevessel and we have workedhand in hand to meet thevery tight deadlines and toensure the safe delivery ofthe vessel.

“Knowing Azeri culturewell, the CSC project teamwas able to help us bridgecommunication and culturalbarriers with our customerand vendors. We appreciatetheir commitment and theeffort they have put in tocomplete the vessel.”

Rewarding journey in Caspian

from a fixed ice-resistantplatform (IFP-1) throughsingle buoy mooring system,storage of oil onboard andfinally offloading of oil toshuttle tankers.

It is also designed withprovisions for forecastle deckstructure for soft yokemooring system, doublebottom and double hull, asuperstructure for 32 menand a Cargo Oil ControlStation, machinery space anda helipad in the mid-section.keppelite



For its environmentally-friendly offshore rig designs,Keppel FELS was awardedtop accolades at the

Eco-friendly rigs top engineeringawards

Institution of EngineersSingapore (IES) PrestigiousEngineering AchievementAwards 2009.

KFELS SSDT

The KFELS Semi SubmersibleDrilling Tender (SSDT) andthe KFELS B Class jackupwere singled out for their

Keppel FELS’s SSDT has established a proven track record for strong operational performance over the past 15 years

The purpose-built KFELSSemisubmersible DrillingTe n d e r ( S S D T ) h a srevolutionised the way inwhich drilling tendersoperate, allowing them to bedeployed next to deepwaterfloating platforms for the firsttime.

Its outstanding performancein West Africa attests tothe design’s resilience andsuitability for operation ina variety of challengingenvironments across theworld.

The KFELS SSDT is a zerodischarge vessel. As part ofa stringent drilling wastemanagement system, drillingcuttings which containhydrocarbon contents areseparated by the solid controlequipment and stored incontainers on the KFELSSSDT’s large deck.

This system eliminatesthe dumping of solidwaste into the ocean andreduces the need forfrequent supply boat trips to

offload the waste. Moreimportantly, it minimisesthe risk of an accidentalspillage.

Mr Tan Seng Chuan,Chairman of IES AwardsCommittee, said, “The KeppelFELS SSDT Project has set anew benchmark in the qualityof projects submitted for theIES Prestigious EngineeringAchievement Awards.

contributions to sustainableoperations, as well as thesafety and well-being of rigcrew.

“The breakthroughtechnologies employed inthe project, together with itse n v i r o n m e n t - f r i e n d l yconcepts, makes the SSDT afine example of howto balance the intricaciesof adopting the latesttechnological advancementsto reduce the effect ofharming the environment.This establishes Keppel FELSas the world leader in the

design and construction ofmobile offshore rigs.”

Keppel FELS’s SSDT also hasa very successful andconsistent operationalperformance history andimpeccable Health, Safetyand Environment (HSE)indices and has won theShell Rig Award in 2004 and2006.



The KFELS B Class jackup has a proven trackrecord for global operations and is designedfor maximum uptime with reduced emissionsand discharges.

Economical and readily upgradeable forhigher performance, the KFELS B Class jackuprig incorporates Keppel’s fully-automated,advanced high capacity rack and pinionelevating technology.

The KFELS B Class jackup is enhanced withseveral safety features including anergonomically designed driller control cabin(DCR), a high availability drilling control anda monitoring system.

The main generators at the heart of the rigmeet the stringent Engine InternationalAir Pollution P r e v e n t i o n ( E I A P P )requirements, and the air-conditioningunits also employ non-ozone depletingrefrigerants. Quiet and energy efficient ACdrives are used for all drilling motors andmooring winches.

In addition, the three legs of the KFELS BClass jackup rig are of the ‘reversed – K’braced steel design, which makes the legsless bulky and obstructive underwater, asopposed to conventional jackup rigs in themarket. This causes minimal disruption tothe eco-system, and allows marine life to co-exist with exploration and drilling activities.

KFELS B Class

29 KFELS B Class jackup rigs have successfully entered the market to date including therecently named PV Drilling II

Mr Tong Chong Heong, CEOof Keppel Offshore & Marine,said, “Trendsetting drillingoperators worldwide areseeking more sustainablemeans of mining oil and gas.With our own rig designs, wehave the flexibility to build inunique features to reduce

environmental impact, whileaddressing technologicalc h a n g e s i n d r i l l i n gequipment and processes.

“We are very honoured thatour proven KFELS SSDT andKFELS B Class rig designshave been reckoned among

the greenest engineeringprojects by IES.

“Looking ahead, we arefocused on fostering ourt e c h n o l o g y f o re s i g h tcapabilities to developproducts that will address thefuture needs of drilling

companies and operators.We will also continue toimprove upon our currentdesigns to push the envelopefor sustainable offshoreexploration and productionoperations.” keppelite



Keppel FELS launched itssixth annual InnovationMonth on 7 September2009 to promote continualinnovation and learningamongst its employees.

The theme for this year,“Think, Solve and Do it”,was unveiled by Guest-of-Honour, Mr Tong ChongHeong, CEO of KeppelOffshore & Marine.

Organised by the iQC(Innovation & Quality Circles)Committee, the campaigncomprises a conventionrunning from 14 Septemberto 1 October 2009 where48 iQC teams from variousdepartments and sectionswill present their innovationprojects. An iQC exhibitroadshow at Pioneer Yard,

Innovation rewards

Inspiring others to thinkout of the box for practicalsolutions to improveprocess efficiency and cutcost was National iQC2008 Star Award Winner -Prospector, from theEngineering ProjectSection.

The team shared ontheir project, “ElectronicVCD Circulation”, whichhelped the company saveapproximately $781,000annually.

Using the GlobalEngineering ManagementSystem, data traditionallytransmitted via VCDs wereelectronically circulatedinstead. The processinnovation significantlyshortens the time neededfor approval processes andenables time sufficiency forequipment manufacturing.Overseas offices alsobenefit from the timelyinformation sharing.

Going electronic

annual iQC Convention in thelast five campaigns.

The departments commendedwere Security Department,Engineering CAD Section,Production Hull Section andSub-contract Management.

iQC Secretariat Chairman,Mr Richard Tay, shared,“Innovation is a culture anda mindset at Keppel FELS. Wemust constantly hone it andemploy better means andways to deliver greater valueto our stakeholders.

“From year to year, the spiritof innovation strengthensin Keppel FELS. This isdemonstrated in the growingquality and quantity of theinnovation projects presentedat iQC convention.”

Main Yard and CrescentYard also ran from 14 –23 September 2009.

iQC awards are alsopresented to recognise theachievements of the teams.Up for grabs are Star, Gold,Silver and Bronze awards;and others such asthe “Outstanding iQCTeam”, “Outstanding iQCIndividual”, “Most InnovativePresentation” and “MillionDollar Project” awards. Highlysought after is the “BestExhibit” award given to theteam with the highest pointsscored on innovation, qualityand contents.

At the launch, the Committeegave out the “iQC Platinum”award to commenddepartments or sections which

have contributed consistentlyand outstandingly at the pastiQC Conventions. They musthave achieved at least threeGold and/or Star awards at the

Mr Tong Chong Heong, CEO of Keppel O&M completes the iQC puzzle, at the launch of Innovation Month 2009



Golar Freeze, a LiquefiedNatural Gas (LNG) Carrierarrived at Keppel Shipyard on5 September 2009 forconversion into a FloatingStorage and Re-gasificationUnit (FSRU). This will be thethird FSRU to be convertedby Keppel Shipyard.

When completed, the FSRUwill be capable of storing125,000 cubic meters ofLNG. The vessel will also havea maximum gas send-outcapacity of 480 millionstandard cubic feet of re-gasified LNG per day.

Third FSRU in for conversionChartered by Dubai SupplyAuthority, the FSRU willbe permanently mooredalongside a purpose-builtjetty within the existing JebelAli port in Dubai.

The world’s first two FSRUswere delivered by KeppelShipyard to Golar LNG. GolarSpirit is currently workingoffshore in the GuanabaraBay LNG re-gasificationterminal in Rio de Janeirowhile Golar Winter isdeployed in Pecem, Brazil.keppelite

Golar Freeze is the third FSRU to be converted at Keppel Shipyard. Demand for FSRUs ison the rise as such vessels enable many production processes to be performed offshore

SHIP-SAFE PRACTICESThrough continuous effortsto improve safety, KeppelSingmarine saw two oftheir safety innovationsrecognised at the 12thWorkplace Safety and Health(WSH) Innovations in theMarine Industry Conventionon 27 August 2009.

Organised by the Associationof Singapore Marine Industries(ASMI), Keppel Singmarineclinched Silver and BronzeAwards for its safe shiplauncher and safe ship framelock projects respectively.

The main function of the safeship launcher is to hold onto

the vessel safely until all thekeel blocks are removed forvessel launching. With thislauncher, there will be nomanual transfer of the vesselload to the launching skids.

Team leader of safe shiplauncher project, KarriDiwakar, Senior Manager

(Mechanical) shared, “Theaim of the project is toeliminate the risk ofpremature launching andpersonnel getting trappedwhen the vessel moveswithout warning during thelaunching.”

As for the safe ship framelock project, the objective isto ensure a safe, secure andquick way for installation offrame members during sub-block fabrication.

Team leader of safe shipframe lock project, JohnnyKyaw Nyein, QualityAssurance Assistant Managersaid, “Our safe ship framelock helps to ensure the safetyof our workers during theposition and welding offrame member fabrication.”keppelite

Team Safe ship launcher with their silver win

20 Special Focus


Keppel keeps focused oncultivating and growing adiverse talent pool to buildenduring and value-creatingbusinesses.

Like a snug glove that keepsall the fingers of a hand warmat the same time, the newlyestablished Keppel Collegeserves as the centralplatform where leadershipdevelopment and peoplebuilding courses are providedto talents groupwide,allowing the Group todevelop and manage its mostimportant asset in one singlecoordinated effort.

Through continuous trainingand development, Keppelitesare equipped to enhanceKeppel’s competitiveness andbring it to the next level.

EMPLOYER OF CHOICEEven before the inception ofKeppel College, a numberof executive developmentinitiatives have been rolledout groupwide such as the

The Group’s leadership and executive development programmes have beenconsolidated under a new entity – the Keppel College – which seeks to Educate,Empower and Energise talent across the Group. A series of initiatives under theaupices of the College includes the Global Advance Management Programme,General Management Programme, Global Young Leaders Programme, the ProjectManagement Programme and the Grow Beyond Talks.

Global Young LeadersProgramme, Global GeneralManagement Programmeand Grow Beyond Talks tofurther build up target talentpools.

With Keppel’s commitmentto being an employerof choice, experiencedKeppelites are not the onlyones to benefit fromtalent development. Amongthe talent developmentm o d u l e s d e s i g n e dspecifically for new graduateemployees is a two-yearaccredited programmewhich is recognised forprofessional engineers. Suchtraining programmes aredeveloped in-house inconsultation with strategicpartners – from theSingapore government,educational institutes,industry associates toour customers – to ensurea robust and relevantcurricula while complyingwith the standards specifiedby the classification societies.

In addition to trainingprogrammes, a mentorshipscheme has also introducedto help fresh hires assimilateswiftly and smoothly intothe Keppel Culture and theirnew work environment.

PROJECT RUNWAY“Thought -p rovok ing” ,“relevant” and “informative”were some of the positivefeedback received on thethird run of the annualKeppel-NUS ProjectManagement Programme(PMP).

Jointly developed byKeppel College and NUSBusiness School, the PMPseeks to help youngproject managers, projectsuperintendents, projectengineers and key players ina project team refine theirproject management skills.In particular, the PMP isfocused on equippingparticipants to better dealwith “front-end” challengessuch as procurement,

project finance and liabilityissues.

From 11 to 12 August 2009,participants of the PMP wereengaged in lectures by NUSprofessors and rigoroussharing sessions withMs Tina Chin, GM of GroupRisk Management, KeppelCorporation Limited (KCL),Mr Suam Chee Kit, SeniorManager of Group RiskManagement, KCL,Mr Daniel Chang, GM ofProjects, Keppel FELS, andMr Louis Chow, GMof Commercial, KeppelShipyard.

The final day of theprogramme on 21 August2009 saw participantsapply new skills inpresentation of solutions toa panel comprising KCL,Keppel O&M and KeppelIntegrated Engineering(KIE) top managementrepresentatives.

21


On the PMP, Mr Tong ChongHeong, CEO of Keppel O&Mand panel member whopresided over the projectpresentations, shared, “AtKeppel, we are dedicated toempowering our peoplewith the necessary skills tofulfil their currentresponsibilities as well as

prepare them for moreresponsibilities. Programmessuch as the PMP are goodplatforms for Keppelites tolearn management bestpractices from their seniors,external experts as well asfrom each other so thatthey can lead moreeffectively.”

Mr Adrian Tan, Manager ofContracts & Procurement,Keppel FMO, highly-recommends the PMP tofellow Keppelites, “I feelprivileged to be part of thiswell-structured programme.The insights shared by theNUS lecturers and seniormanagement of Keppel

Group have expandedmy understanding ofproject management andempowered me to thinkmore critically about issuesrelated to it.”

Mr Winston Cheng, SeniorProject Superintendent,

Continues on page 22...

Keppelites in teamwork at the second run of the Global General Management Programme held in June 2009

Building up talent

22 Special Focus


Keppel FELS, shares similarsentiments, “The professorsfrom NUS have beena p p r o a c h a b l e a n denlightening. And I find thematerials and informationatta ined at the PMPexceedingly applicable tomy work.”

This run of the PMP trained27 participants from KeppelO&M and Keppel IntegratedEngineering.

BEST FOOT FORWARDLimited education, financialresources and experience –these factors did not stopthe Wong brothers from

bold steps to start what istoday an internationallyacclaimed shoe andaccessories business, knownas Charles & Keith.

Transforming their mother’ssmall shoe enterprise inAng Mo Kio into a fashionretail empire of 187 storesacross 21 countries today,the brothers have come along way, overcoming trialsand tribulations.

To inspire Keppelites withtheir dare, grit and drive forsuccess, Keppel Group HRinvited Mr Charles Wong,founder & CEO of Charles &

Keith International to speakat the recent installment ofKeppel’s Grow Beyond talks.

The “Afternoon withCharles” which took placeon 1 September 2009 wasattended by some 300Keppelites from across theGroup.

Mr Choo Chiau Beng, CEOof Keppel Corporation, saidof the Grow Beyond series,“It is a vital platform forKeppelites to meet withoutstanding individuals suchas Charles. Through suchinteractions, we hope toinspire Keppelites to stand

...continued from page 21.

firm against challenges,venture beyond their comfortzones and strive for greaterheights.”

In down-to-earth manner,Charles shared candidly onthe initial pitfalls andchallenges he faced togetherwith his brother, Keith,before getting their first bigbreak. Giving up was neveran option, despite whateversetbacks the duo met.

Jocundly, Charles added thathis expansion strategy wassimply motivated by afranchisee whose chain ofstores in Indonesia grew

Participants with the facilitators, lecturers and senior management who helped make the Keppel-NUS Project Management Programme an enriching experience

23


Tough men, bold vision

faster than his smaller stringof outlets in Singapore.Determined to ‘outdo’ hisally, the brothers set about tosystematically ‘outperform’themselves; eventually eventhat of their competitors!

Through the years, as thebusiness grew, Charles’business strategy andmanagement style alsoevolved and developed.He learnt to harness thestrengths and abilities of histeam in areas where helacked and grew from hismistakes.

Charles passed on toKeppelites words of wisdominspired by his uncle in hisyouth, “If you never take theleap of faith, you never knowif you will succeed.”

On the talk, ProfessorBernard Tan, IndependentD i r e c t o r o f K e p p e lTelecommunications &Transportation, shared, “Iwas very impressed by howCharles, with limited formaleducation but possessingtremendous drive, intelligence,street smartness and self-belief, was able to start withnothing and build up a largeinternational corporation ofhigh quality in such a shorttime.”

Truly, the story of the Wongbrothers inspired Keppelitesanew on the can do spiritthey are akin to. keppelite Keppelites engaged in lively exchange with Mr Charles Wong



When it comes to sparkingoff new and innovativeideas, there is no betterflint than people of variedb a c k g ro u n d s c o m i n gtogether to share theirthoughts and practices.Dedicated to promotinglearning and contributing toknowledge building, Keppelis pleased to play host toa variety of visitors to ouryards and engage them indialogue.

RAISING STANDARDS ONPEOPLE EXCELLENCEOn 10 September, KeppelOffshore & Marine (KeppelO&M) hosted the KoreanStandards Association, anMOU partner of theSingapore ProductivityAssociation (SPA).

The Korean delegation,comprising 20 governmentofficials and university staffmembers, were seeking toexpand their knowledge ontalent management andsuccession planning.

Mr Wong Sek Loong, SeniorEngineer of Estimation andAssurance, Keppel FELS,g a v e a n e n g a g i n gintroduction to Keppel’sbusinesses and its strategies.Following that, Ms Evelyn Lai,Senior HR Executive ofKeppel O&M, shared onKeppel’s talent managementand succession planningframework.

Meeting of minds

The delegates were impressedwith Keppel’s comprehensivesupport for its multi-national,multi-lingual workforce andits dedication towards skills-upgrading and leadershipgrooming. Indeed, it werethese characteristics thatmade Keppel the “MostAdmired Large Enterprise forEmployment” at the ASEANBusiness Awards 2008.

Mavis Ng, a representativeof SPA, thanked Keppelon behalf of the Koreandelegation, saying, “TheKorean delegates enjoyed thevisit and found the sharingvery useful. The Associationhopes to work with Keppel onmore of such educational visitsin the future.”

VISITING STRATEGIES32 students from WhartonBusiness School’s Executive

MBA (EMBA) Programmealso benefitted from alearning visit to Keppel O&Mon 18 September.

The student delegationcomprising senior positionholders from companies suchas Exxon Mobil, AmericanExpress, Dell and Johnson &Johnson, discussed issuesrelating to Keppel’sinternational business policyand strategy during the visit.

The delegation was on aninternational business trip todistinguished multi-nationalcorporations to improve theirunderstanding of globalbusiness strategies.

Senior management fromKeppel O&M, Keppel FELS,Keppel Shipyard and KeppelCorporation hosted thesession.

The delegation also engagedin animated discussions withKeppel’s senior managementon diverse issues, such ashedging against risks tobusiness strategies forcompeting regionally andinternationally, before beingguided on a tour of thecompany’s yard operations.

LEARNING THE ART OFKEPPEL SHIPYARDI n c o l l a b o r a t i o n w i t hPetrobras, a group ofacademics from the Universityof Fluminense Federal (UFF),a Brazilian University, alsovisited Keppel Shipyard from14-16 September to gatherinformation on currenttechnologies used by theshipyard.

It is part of a research project,“Mapping of the State of theArt of the Technology of

Students from Wharton Business School gaining insights into Keppel O&M as Daniel Chang, GM (projects), Keppel FELS elaborates



Researchers from a Brazilian University conducting interviews with Keppel Shipyard managers on construction procedures

Mr Sit Peng Sang, CFO of Keppel O&M (second from left), gives shareholders insights into the intricacies of rigbuilding

Construction and Assembly”,to identify information onthe technology in use byconstruction equipmentcompanies in the upstreamsegment of the oil industry inSingapore. .

During the visit, they alsoconducted interviews withspecialists in the differentdepartments and sections,to learn more about themanufacturing process,a s s e m b l y o f m e t a l l i c

s t r u c t u r e s , p i p i n g ,organisation of productionprocesses and HSE (Health,Safety and Environment)policies and practices.

A SNEAK PEEK FORSHAREHOLDERSEager to better understandKeppel’s rig building, ag r o u p o f K e p p e lCorporat ion’s reta i lshareholders visited KeppelO&M on 11 September2009.

The special glimpse startedat Keppel O&M with anoverview of the KeppelGroup’s businesses. Moredetails were shared on theactivities of Keppel O&M’sOffshore, Marine andSpecialised Shipbuildingdivisions as well.

Hosting the shareholders,Mr Sit Peng Sang, CFO ofKeppel O&M, shared hisviews on the offshore andmarine industry’s outlook

and responded to questionsposed by the shareholders onKeppel’s technology forArctic regions, competitivelandscape and the company’smarket position in Brazil.

Having heard about KeppelO&M’s track record andexecution excellence, theshareholders were keent o s e e t h e o n g o i n gactivities at the yard forthemselves.

During the tour of PioneerYard 1, the shareholdersexpressed awe andadmiration as they witnessedthe construction of severalmegastructures – jackupsand semisubmersibles –along the quay. The close-upview of these mammothstructures left deepimpressions.

As the tour drew to a close,many of the shareholdersexpressed their gratitude forbeing able to see theongoings of such animpressive yard and wenth o m e w i t h a b e t t e runderstanding of how a rigis built.

“ I t was a very goodexperience to be able to gainfirsthand knowledge on theconstruction process andview such sophisticatedstructures,” said shareholder,Grace Cheng Mei Ling. keppelite



A world leader in offshoreand marine structures,Keppel Offshore & Marinerecently shared on itsunmatched portfolio ofservices and solutions forthe global oil and energyindustry, as well asgrowth strategies, at twointernational conferences.

POSITIONING FOR THEUPTURNAt the Pareto Oil & OffshoreConference held in Oslo,Norway, on 2 -3 September,Mr Tong Chong Heong, CEOof Keppel O&M reiteratedthe company’s focus toremain the global industry’schoice solutions provider andpartner.

Mr Tong also sharedconcrete actions taken by the

Driving industry growthcompany to remain fightingfit and competitive. Over thepast year, the company hasstepped up efforts toi m p ro v e p ro d u c t i v i t ythrough better utilisation ofhuman capital, as well asoptimisation of its supplychain to achieve better costmanagement.

T h e c u r r e n t i n d u s t r yslowdown offers potent ia la t t r a c t i v e opportunitieswhich Keppel O&M will seizeto further grow and expandits core business.

In addition, Mr Tong toldthe conference audiencethat Keppel O&M isleveraging its experienceand expertise to look intonew growth areas, such asareas relat ing to the

harvesting of offshorerenewable energy.

According to the latestE n e r g y I n f o r m a t i o nAdministration forecast,world energy consumption isprojected to increase by44% from 2006 to 2030. Allforms of energy, includingrenewable energy, will beneeded to meet the growingenergy demand.

SUBSEA INSIGHTSWith Brazil as one of themost vibrant offshore regionsin the offshore industry,Subsea Rio 2009 drewmuch industry interest andwas well attended by some400 participants from15-17 September 2009.

Showcasing its scope of

offshore services andsolutions at the event wasFloaTEC, a 50:50 joint venturecompany between J. RayMcDermott and Keppel FELSto design, build and deliverdeepwater floating productionsystems (FPS).

FloaTEC is also the onlycompany to offer a fullcomplement of FPS solutionsfor its clients – encompassingspar, semisubmersible,and tension leg platformtechnology solutions.

Making an impact at theconference, FloaTECdisplayed its strong trackrecord and its floater designs,which continue to beenhanced to meet new fielddevelopment challenges andconditions. keppelite

Showcasing its deepwater floater designs at Subsea Rio 2009 is FloaTEC, a JV between Keppel FELS and J. Ray McDermott



Andy Bendall

K e p p e l I n t e g r a t e dEngineering, the Engineering,P r o c u r e m e n t a n dConstruction (EPC) serviceprovider for the GreaterManchester Waste DisposalAuthority (GMWDA) project,has appointed Mr AndyBendall, 45, as the ProjectDirector.

With more than 20 years ofproject experience under hisbelt, Andy will be overseeingthe EPC project for one of

New director for Manchester projectthe largest waste andrenewable energy projects inthe UK.

Before joining Keppel, Andywas the Senior ProjectManager for AMEC, aconsultancy, engineering andproject management servicesprovider to energy, powerand process industries,where he oversaw theexecution of a £120 milliongas transmission pipelineproject.

Keeping in step countsAcross the Keppel Group,Keppelites in financepositions were kept abreastof changes in accountingstandards through a half-dayseminar conducted byDeloitte & Touche on24 August 2009.

70 finance staff fromvarious business unitsattended the seminar at theNational Library Board (NLB)building while 180 othersparticipated via webcast.The interactive portalenabled viewers to postquestions to the speakersalmost immediately whilereplays are also readilyaccessible.

Ms Tan Eng Hwa, GM ofGroup Internal Audit followedthe seminar through thewebcast and commended, “Itis very convenient as I canquickly and easily select aspecific topic to replay.”

Mr Goh Weisheng, anaccountant with Keppel T&T,also enjoyed his time at theseminar at NLB. He felt thatthe speakers explained theconcepts of their topics veryclearly and were able tostimulate discussions andencouraged participationamong members of theaudience in a very engagingmanner. He also felt that theinformation presented wasrelevant and useful. keppelite

He was also the MD ofan equipment provider forthe waste managementindustry, as well as themanaging and projectdirector for a maintenanceservice provider.

Andy holds a Bachelor ofScience with Honours inMechanical Engineeringfrom Sheffield HallamUniversity and a Diplomain Business Management.keppelite

Speakers Mr Danny Koh (left) and Mr Robert Tsang from Deloitte & Touche share the latest onaccounting standards with Keppel’s finance staff

28 Empowering Lives


28 Empowering Lives

There are a multitude of waysto pursue a high flying careerwhile building a fulfilling,happy and healthy life atthe same time. KeppelLand’s Welfare Committeeorganised a series of activitiesrecently to help employeesmake work-life balance areality.

STRETCHING STRESSAWAYSince July, some 40employees at Keppel Landhave been enjoying thebenefits of attending yogaclasses fully subsidised by thecompany, held twice weeklyafter work at Keppel Land’soffice at Bugis JunctionTowers.

The participants learn thefundamentals of yoga suchas breathing, meditation,balance, stretching andrelaxation techniques,guided by a certifiedinstructor.

Yoga improves flexibilityand muscle tone, enhancesstrength and endurance,develops better posture,lowers blood pressure,reduces heart beat thusaiding hypertension, andalso concentration.

Lee Hui Boon, AssistantManager of S ingaporeC o m m e rc i a l (B u s i n e s sDevelopment) at KeppelLand enthused, “Yoga allowsus to have a good stretch atthe end of the work day.

A balancing actWhat is even better is theconvenience of being ableto exercise together withcolleagues, all within thesame building!”

JUNGLE FEVERChucking their laptops forropes and helmets, some 30Keppel Land staff and theirfamilies bravely answered the

call of nature to explore thegreat outdoors on 29 August,Saturday.

Nestled within BedokR e s e r v o i r, K e p p e l i t e se m b a r k e d o n ‘ F o re s tAdventure’, a multi-levelaerial obstacle course whereparticipants swing, climb,walk and trapeze from tree

to tree about five metresabove ground, all under thewatchful eye of instructors.

Swinging across water andcrossing rope bridges armedwith helmets, harnesses,karabiners and pulleys safelyin place, Keppelites enjoyeda day of fun amid MotherNature. keppelite

Safety first for these aspiring Tarzans on the treetop trails

Empowering Lives 29


Playing its part to keepSingapore safe and secure,Keppel Shipyard waspresented the meritoriousdefence partner award bythe Ministry of Defence on29 July 2009.

As an employer of choice,Keppel received the awardfor the 18th straight yearat a ceremony marking 25

Defence champion

Minister of State for Defence, Associate Professor Koo Tsai Kee (right) presents the MeritoriousDefence Partner Award to Mr Abu Bakar, Senior GM (Operations) of Keppel Shipyard

A total of 33 book awards,ranging from $200 to$1,000, were presented tothe children of Keppel Credit

Spurring on academic excellenceUnion (KCU) members in aceremony held at KeppelOffshore & Marine on29 August 2009.

A yearly affair, thepresentation of book prizesis one of KCU’s initiativesto provide assistance to

members and to encourageacademic excellence. Theprizes are awarded tooutstanding PSLE, GCE ‘N’,‘O’ ,‘A’ level, polytechnic andlocal university examinationsachievers,

“The Book AwardsCeremony is our way ofemphasising to ourmembers’ children thateducation is important,” saidProfessor Bernard Tan,Chairman of KCU, in hisspeech at the Ceremony.

He added, “Education doesnot stop after we finish ourstudies. We have to keep onlearning to keep up with thechanging world, no matterhow old we are.” keppelite

years of Total Defence forSingapore.

From in-camp trainingsto mobilisations, KeppelShipyard has activelysupported and recognisedthe efforts of OperationallyReady National Servicemen(NSmen) employees to carryout their National Serviceduties effectively.

33 book awards were given to the children of Keppel Credit Union members in 2009

30 Empowering Lives


A broken mainsail, burstcooling water pipe andmalfunctioning watermaker– every sailor’s nightmare.

Yet, the Uniquely Singaporecrew demonstrated their CanDo! spirit to overcome allodds and moved up from lastposition to finish a creditable7th place in La Rochelle,France.

Amid loud cheers from a100,000-strong crowd whichlined the banks of Humberin UK, the ten-boat Clipperfleet had crossed the startingline of the 35,000-mileClipper 09-10 Round theWorld Yacht Race. Emotionsran high on race start day forthe crew and their familiesand friends who came tosupport them on theirchallenge of a lifetime.

In this first leg from Hullto Rio de Janeiro, Brazil, theKeppel-sponsored UniquelySingapore yacht is carrying afull crew of 20 includingKeppel Ambassador ThomasPang, GM (CorporateDevelopment), KeppelOffshore & Marine andNicole Ho who is Singapore’scircumnavigator in the race.

The fleet quickly split afterleaving Hull and UniquelySingapore found itself inninth, then last place due toseveral onboard problems.

The race is on!Uniquely Singapore is 7th into La Rochelle, France.

Prior to race start, JimDobie who helms UniquelySingapore as Skipper sharedthat the team was upbeata n d b r i m m i n g w i t hconfidence. But, as the raceprogressed and problemskicked in, Jim reported thathis crew was staring to feeldejected about being at theback of the fleet.

“This is where the mindgames come in to seewhether you start to pushthe boat and crew hard, ortake it easy knowing it’s onlythe first race,” Jim explained.

True to Keppel’s Can Do!spirit, the team pulledtogether and tried to wringevery last knot of speed fromtheir boat to seventh positioneventually.

All ten yachts finished therace and berthed in LaRochelle, in the span ofabout six hours with TeamFinland leading the pack.

As at press time, the results,however, are provisional,pending the Race Committee’sdecision to protest two of theyachts, Hull & Humber (2nd

position) and Cork (3rd

position), for contraveningsailing instructions – andwhat that might mean to thepoints each team will winfor race 1 (from Hull toLa Rochelle).

Uniquely Singapore off to a credible start in the Clipper 09-10 Round The World Yacht Race

Empowering Lives 31


After a short break wherethe crew took advantage ofthe sunshine in La Rochelleto get on with the businessof deep cleaning, debriefmeetings and general yachtmaintenance that is part of

Sail for a causeThe four Keppel Ambassadors will combine efforts toraise funds in aid of children’s charities, which will gotowards improving the lives of underprivileged childrenand promoting education.

The funds collected will be deposited in a special accountand the total sum will be tallied when the race iscompleted in July 2010 and presented to the charities,which will be unveiled then.

Please send all cheque donations (payable to “KeppelCorporation Limited”) to:Keppel Corporation LimitedGroup Control & Account (Sail for a Cause)1 HarbourFront Avenue #18-01, Keppel Bay Tower,Singapore 098632Visit www.marinakeppelbay.com for more information.

Thomas Pang, the first offour Keppel Ambassadors tocrew on Uniquely Singaporein the Clipper 09-10 Race, islooking forward to meetingKeppelites when the fleetarrives in Rio de Janeiro,Brazil.

For one who has participatedin marathons, Thomasshared that the sailing raceis to him more challengingthan competing in amarathon.

He said, “In a marathon, youcan choose to drop out ofthe race halfway. But whenyou’re out at sea, there’s noway out. You really have to

push yourself to moveahead and rely on yourteam mates for survival.”

Believing in the importanceof team work, he isgeared up to give of hispersonal best, and towork with fellow teammates onboard to strivefor a podium win.

In a candid moment,Thomas also divulged thathis biggest challenge is tocook for a large grouponboard the UniquelySingapore yacht withoutthe aid of a full-sizedkitchen and equipment.

Tenacious Thomas

Yes he Can-do! Sending Thomas off were fellow Keppel Ambassadors along with his wifeKah Peng behind him

and into the Atlantic Oceantowards Rio de Janeiro,Brazil. The voyage willtake about three weeks andthe fleet is expected toarrive in Brazil between 18 to20 October.

any challenging ocean race,the race is on again.

On 22 September 2009, theyachts began their first oceancrossing as they sail throughthe notorious Bay of Biscay

Follow the adventures ofUniquely Singapore atwww.marinakeppelbay.comand send well wishes to thecrew at [email protected]. keppelite

Ms Wang Look Fung, General Manager of Keppel Group Corporate Communications,(in black jacket), with Uniquely Singapore’s skipper Jim Dobie (left) and Leg 1 crew before thestart of the race in Hull

32 Empowering Lives


Into its second month,Keppel Games 2009continues to be a heatedarena of tough competitionas the three teams – Atlantic,Caspian and Pacific – step upefforts to gun for top spot.

At the moment, they areneck-and-neck for theultimate championship. Inthe lead is Pacific followed byCaspian with Atlantic trailingclosely behind.

Keppelite brings you theupdates on the recentlyconcluded games – darts,pool and bowling.

RIGHT ON TARGETKeppelites stung theiropponents with a stunningarray of sharp shots at

Going the distancethe Keppel IntegratedEngineering Darts Challenge,held at Serangoon GardenCountry Club on the30 August 2009.

After edging out a couple ofworthy opponents, Caspian2 and Atlantic 3 went head-to-head for the bronzemedal. As Caspian 4 hadsecured a place in the finals,this game was exceptionallypressurising for Caspian 2as its win would giveCaspian the combined scorenecessary to take home theKIE Darts Challenge Trophy.Holding up well against theadded stress, Caspian 2closed the game to takehome the bronze.

In the finals, the clash

between Caspian 4 andPacific 3 certainly was nerve-wrecking. Led by KIE’s dartsensation, Sukaimi Ramli,Pacific 3 took control earlybut nearly lost its lead whenit committed a series ofmisfires. Undaunted, Pacific

3 soon regained its footingand surged ahead totriumph.

POOL PARTYOn 6 September, 12 teamslocked horns in the KeppelEnergy 8-Ball Pool Challenge.

Keppel’s dart sensation, Sukaimi Ramli, leads Pacific 3 to victory in the KIE Dart Challenge Trophy Sheena Neo of the champion team, Pacific 4, arms for a winning shot

274Pacific

249Caspian

224Atlantic

Score board as of 13-09-09

Empowering Lives 33


Competitors sharpened theircue sticks as the pool hallechoed with the crackle ofbreaking racks and poppingof cue balls.

Fighting for third positionwere Caspian 3 and Atlantic1. The battle was characterisedby strong defensive plays,especially by Caspian 3. Bykeeping its cool andconsistently blocking itsopponent’s shots, Caspian 3successfully kept Atlantic 1at bay and eventuallytriumphed.

Pacific 2 and Pacific 4 met inthe finals. Both teams wereclosely-matched, especially in

the women’s singles event. Inthe electrifying showdownbetween Sheena Neo ofPacific 4 and Stella Tan ofPacific 2, Stella had thechance to close out thegame but a stroke of badluck saw her white balltailing the black ball intothe pocket thus concedingthe game and championshipto Sheena. Having takenthe men’s singles anddoubles games as well,Pacific 4 emerged thechampions.

STRIKINGPERFORMANCESSpectators were bowled overby the smooth deliveries of

Stunning deliveries by Keppelites at the Bowling Challenge

the players in the KeppelTelecommunications &Transportation BowlingChallenge, which took placeat Orchid Country Club on13 September.

Each competing teamcomprised five members,including one reserve player.All teams had to play threegames, and the cumulativescore of the gamesdetermined the winner.

Atlantic 1 – a frontrunner inall three games – garnered animpressive 2,196 pin-falls totake first place while comingin a close second with 2,069pin-falls was Atlantic 4.

In the fight for third place,Atlantic 6 pulled ahead ofPacific 2 after the secondgame.. Undaunted, the thirdgame saw Pacific 2 surpassits 74 pin-fall gap withAtlantic 6 to clinch thirdplace.

A s f o r i n d i v i d u a lperformances, the title ofthe Best Male Bowler wentto Pacific’s Raymond See,who averaged 201 pin-fallsper game. The Best FemaleBowler was awarded toAtlantic’s Ainon Hj Md Taib,who posted the best femalehigh-score in a single game.keppelite

34 Empowering Lives


Having spawned a strongfollowing of more than3,000 across the KeppelGroup, Keppel RecreationClub (KRC) continues toorganise new activities inwhich foster camaraderieamong Keppelites.

ROARING PERFORMANCEKRC’s Dragon Boat teams,known as the KeppelDragons, made a roaringsplash in the 10th AnnualJurong Island Dragon BoatRace (JIR), held on 15 August2009.

One of the two men’steams bested 23 teams totake second place in the‘corporate open’ category,trailing the winning team byjust 0.07 seconds.

Sporting spirits

The other men’s team,comprising largely new andfirst-time rowers, secured aspot in the ‘corporate open’semi-finals. And for the firsttime in two years, KRCmanaged to send an all-women team to compete inJIR.

For many amateur rowers,participation in JIR openedtheir eyes to the importanceof teamwork, coordinationand dedication in competitivedragon boating.

Ng Pek Shim, Senior FinanceOfficer of Keppel Logistics,who took her first stroke ona dragon boat 11 monthsago, said, “The race was agood opportunity for us touncover our weaknesses so

that we can improve onour performance. I enjoyedtraining for the competition;not only did it help me keepfit, it also gave me to chanceto learn from and share withKeppelites from across thegroup.”

To train with theKeppel Dragons, [email protected].

CONSISTENT DELIVERIESThe 7th annual KRC BowlingLeague saw 16 teams lockedin friendly competition, in a22-week long tournamentlasting from 26 February to6 August.

A platform for employees toenhance work-life balanceand foster friendships with

members of other parts ofthe Keppel family, some 140participants put their bestfoot forward and bowled instyle and skill.

With a number of strongteams contending neck-to-neck throughout thecompetition, the BowlingLeague kept participants andsupporters on the edge oftheir seats.

Eventually, Team Amberemerged overall champion.In second and third placewere Team Stormer X-tremeand Team Fastrax respectively.keppelite

Keppel Dragons rowed to triumph at the 10th Annual Jurong Island Dragon Boat Race Team Amber takes top spot in the 7th KRC Bowling League

Empowering Lives 35


Keppelites Abroad

The world is not enoughAzerbaijan may once haveproduced more than half theworld’s oil in the mid 20th

century, but its oil field wasmore recently made famouswhen James Bond wasattacked while on a tour ofthe oil pipelines in the movie“The world is not enough”.

A year before the movie wasmade, Lau Kuat Pin hadalready staked out Azerbaijan,

having worked there since1998 to help start upCaspian Shipyard Company(CSC) in Baku, the capital cityof Azerbaijan. The shipyardis just a few kilometres fromwhere the Bond scene wasfilmed.

From Project Engineer to nowthe Vice-President of CSC,KP, as he is more familiarlyknown, has seen the

transformation of Baku andthe CSC yard over 11 years.

He shared of his early livingexperience in Azerbaijan, “Ilived in a four-storey buildingwithout lifts, the stairwayswere always clogged withdirt and debris, collection ofgarbage was unpredictableand there were plenty offlies. Inside the apartment,we had old and massiveRussian style furniture. Gasfor cooking and hot waterwere switched on based ona schedule from zone tozone.”

Today, things are verydifferent. Baku hasdeveloped in affluence,being an oil and gasproducing country that hasbenefited from the upwardspiral in crude oil prices. Henow stays in a very decent-sized and well-equippedservice apartment withcondominium facilities.

He recalled the teethingproblems when the yard wasjust starting out. “I had tograpple with the Russiansystem. There was nocomprehension of on-time,on budget. It took some timeto set up systems andprocedures as well as adaptto cultural, and languagedifferences when workingwith multi-nationals.

“It was a huge challenge andsubsequently a hugefulfillment to be able todeliver the 20 over projectsCSC had undertaken, on-time and on-budget.”

However, the road along theway was bumpy. He added,“Unexpected factors like theSeptember 11 terrorist attackand subsequent invasion ofAfghanistan and Iraq causedmany uncertainties.”

To overcome the challengeshe faced, he said, “Westayed calm, and stretchedour analytical, decisionmaking and diplomatic skillsto hold the team togetherand concentrated on doingour jobs well. It was vital tofoster and build relationshipwith the local governmentaland regional authoritiesto create and maintainharmonious relationshipswith the local community aswell. “

At 54 years of age, KP hasseen more than most.H o w e v e r, A z e r b a i j a ncontinues to evolve, withrapid changes to theinfrastructure, modernskyscrapers set againstRussian castles, and he iskeen for CSC to support andbe part of the growth andtransformation as well. keppelite

KP (left) and his family at the maiden tower, a landmark in Baku. Built in the 12th century, it ispart of the inner city that now makes up part of modern day central Baku

36 Nurturing Communities



Energy and euphoriawashed over the KeppelBay waterfront on 6-7September, as Brazilians andBrazil-lovers in Singaporethronged the Reflections atKeppel Bay show gallery tocelebrate the nation’s 187th

Independence Day and the‘Brazil Dream’.

TOAST TO INDEPENDENCEReflections at Keppel Bay

Viva Brazilwas the venue of choice forthe Brazilian Embassy as ithosted the celebrations forBrazil’s national day.

Held on 7 September,Associate Professor Ho PengKee, Singapore’s SeniorMinister of State for Law andHome Affairs was there totoast to the excellent relationsbetween Singapore and Brazilwith Ambassador of Brazil to

Singapore, H.E. Paulo Albertoda Silveira Soares.

Keppel senior managementwere also present at thecelebrations, testament tomore than 15 years ofrelations with Brazil. KeppelOffshore & Marine built itsfirst semisubmersible forBrazil in 1994 and deliveredits latest project just lastmonth (see page 10). The

Reflections at Keppel Bay’s show gallery plays host to the Brazilian Dream as Singaporeans and Brazilians alike celebrate Brazilian culture

BrasFELS shipyard, set up in2000 in Angra Dos Reis, hasdelivered two mammothsemisubmersibles withanother on the way,significantly contributing toBrazil’s oil production.

It was indeed a day tocelebrate as Brazilianexpatriates, governmentofficials, other embassyofficials as well as business

Nurturing Communities 37


Associate Professor Ho Peng Kee, Senior Minister of State for Law and Home Affairs andAmbassador of Brazil to Singapore, H.E. Paulo Alberto da Silveira Soares celebrate strongbilateral ties

leaders gathered to mark theoccasion.

BRAZILIAN DREAMOrganised for the first timein Singapore, the ‘BrazilDream’ is a lifestyle eventconceptualised to giveSingaporeans a broaderexperience of what Brazil canoffer the world beyond itsrenowned beach parties andfootball luminaries.

Supported by the SingaporeTourism Board, the party

delivered a multi-sensoryBrazilian experience in themidst of Keppel Bay, abefitting venue, completewith haute couture,gourmet, music and culturalextravaganzas.

From authentic SagatibaCaipirinha drinks, gourmetbarbecues with succulentWagyu beef to heart-t h u m p i n g C a p o e i r aperformances, the Sundayafternoon offered atantalizing treat for the

senses at the bay frontproperty.

As dusk approached,Brazilian colours andambience bathed Reflectionsat Keppel Bay in a new glowof vibrancy, adding to thebeauty of Singapore’smost coveted waterfrontresidential precinct.

Another crowd pleaserwas the brilliant fire danceperformance. Temperaturesrose as the fire dancers twirled

their burning batons along tothe lively drumbeats by localpercussion sensation, WickedAura Batucada.

Other performances includedbossa nova played bytwo-piece Brazilian band, TheObaOba, as well as CapoieraMaculelê and Samba deRoda dance performancesfeaturing Brazilian artists.keppelite



Scores of sea creatures fromthe popular clown fish toclams have made Keppel Baytheir homes, adding colourand vibrancy in Singapore’sunderwater world!

The coral community is ableto thrive due to the cleanwaters at Marina at KeppelBay, which attests to its‘Clean Marina Award’,conferred by the MarinaIndustries Association ofAustralia.

The Marina is also the firstand only marina in Asia tobe awarded the ‘CleanMarina’ status under theClean Marinas AustraliaProgramme. This programmeis a voluntary accreditationsystem to promote cleanenvironmental practices inthe marina industry business.

In line with Keppel Land’senvironmental focus, effortsare in place to sustain andcalibrate the growth of themarine life. The growth willbe charted through regularphotographic captures,which will be posted onwww.marinakeppelbay.com.keppelite

Nemo found!

Plans in the pipeline include working together with marine conservation societies to sustain and promote growth of marine life in Keppel Baywaters

Nurturing Communities 39


volunteers


Keppel

Barrage of funThe blistering Saturdaymorning sun did not deterKeppel Volunteers andparticipants from theAssociation for Persons withSpecial Needs (APSN) fromheading out to the MarinaBarrage for a day of fun,learning and exploration.

From the Centre for Adults(CFA), an employmentdevelopment and supportservice centre for adults

aged 19 years and above,participants were brimmingwith excitement to visitSingapore’s newest watercatchment area.

The first reservoir in thecity, the Marina Barrage isa dam spanning theMarina Channel, and willbe a new source of watersupply for S ingaporewhich also serves as floodcontrol.

Participants learnt aboutSingapore’s efforts inenvironmental sustainability,at the Sustainable SingaporeGallery (SSG) th ro u g hinnovative, attractive anduser-friendly interactivemultimedia features.

Each of the six gallerieswithin the SSG shared aunique aspect of Singapore’ssustainable efforts, showinghow a small country with

limited resources meetsthe needs of a fast-developing society in anenvironmentally-friendlymanner.

The troop also admired afeature wall that was entirelymade of NEWater bottles.NEWater is used water thathas undergone stringentpurification processes,resulting in potable water.This marks an achievement inSingapore’s green efforts,also ensuring that we have asustainable water supply asthe recycled water can bereused many times over.

Another impressive featurewas the mini barrage modeldemonstrating how theMarina Barrage works. Themodel demonstrates theintricate concept andoperations of the dam.

The participants were thentreated to a live viewingof what happens whenprecipitation occurs andwater builds up behind thebarrage, as well as watchingthe pumps at work.

All in all, it was a morningwell spent, with all participantsbeing enriched in more waysthan one. keppelite

Keppel Volunteers and participants watched a live demonstration of the mini Marina Barrage model

BackPage40


Prin

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Keppel acquires Senoko IncinerationPlantK e p p e l I n t e g r a t e dEngineering Limited (KIE) hascompleted the acquisition ofSenoko Incineration Plant(SIP) from the SingaporeGovernment on 31 August2009. SIP is owned bySenoko Trust, which isindirectly wholly-ownedby KIE through the K-GreenTrust..

With this acquisition, whichis funded internally, KIE willbe the only private operatorof incineration plantstreating general waste inSingapore.

SIP’s capacity to treat2,400 tonnes of waste perday, will enable KIE totreat more than a third or35.8% of Singapore’s totalvolume of waste sent forincineration, according to2008 statistics.

Mr Michael Chia, DeputyChairman of KIE, said,“Our agreement with theSingapore Government forincineration services willcreate steady recurringincome and generate strongcash flow for Keppel, whichis particularly attractive in thecurrent times of economicuncertainty.”

KIE will provide incinerationservices for 15 yearscommencing 1 September

2009 to the NationalEnvironment Agency. KIE,through its wholly-ownedsubsidiary, Keppel SeghersEngineering Singapore PteLtd, will also maintain andrepair SIP, and upgrade theflue gas treatment system ofthe plant.

In accordance with thetender terms, the SingaporeGovernment divested SIPthrough a trade sale insteadof a public listing of a

Senoko Incineration Plant will enable KIE to treat more than a third of Singapore’s waste sent for incineration

business trust due to marketconditions.

The purchase price of SIPwas mutually agreedwithin the indicative price ofS$462 million between KIEand the SingaporeGovernment on a willing-buyer, willing-seller basis.

MANAGINGSINGAPORE’S WASTEWith increasing affluenceand population, waste

generation is a growingproblem in Singapore.W a s t e - t o - e n e r g yincineration is an importantpart of Singapore’s wastemanagement success.

As an effective solution, itreduces the volume of thewaste, while heat energyproduced from the combustionprocess is used to generateelectricity. Ferrous metals fromthe ash residue are alsorecovered for recycling. keppelite

Documents

Keppel Group Newsletter Keppelite · 2012-02-27 · Keppelite I September 2009 Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation