Dyna-Mac has secured a contract worth around S$89m ($71.2m) to build ten units of floating production, storage and offloading (FPSO) topsides modules and one flare tower unit for BW Offshore.
The contract requires Dyna-Mac to prepare shop drawings and fabricate ten units of topsides modules for FPSO vessels, which will operate at Premier Oil’s Catcher oil fields in the UK North Sea.
The FPSO topsides modules are expected to be delivered within the first quarter of 2016.
The Catcher FPSO will have the capacity to process around 60,000 barrels of crude oil per day and store 650,000 barrels. First oil is expected mid-2017.
Dyna-Mac CEO Desmond Lim said: "We are pleased to be entrusted once again by our customer BW Offshore to be part of their significant FPSO Catcher project. We are indeed privileged to have the opportunity to continue to contribute to their expansion of the FPSO fleet.
"This latest contract bears testament to our expertise and established track record, having delivered 233 topsides modules to-date. We are committed to build on our partnership with BW Offshore and to meet their stringent standards of quality, safety and reliability."
The Catcher project includes the drilling of 22 subsea wells in the Catcher, Varadero and Burgman fields, with a peak production rate of approximately 50,000 barrels per day.