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March 29, 2018

Sembcorp secures new FPSO vessel contract

Sembcorp Marine Rigs & Floaters, a wholly owned subsidiary of Sembcorp Marine, has won a contract from TechnipFMC for a newbuild FPSO vessel.

Sembcorp Marine Rigs & Floaters, a wholly owned subsidiary of Sembcorp Marine, has won a contract from TechnipFMC for a newbuild FPSO vessel.

As part of the deal, Sembcorp is responsible for the engineering, procurement and construction of hull and living quarters for the floating production, storage and offloading vessel (FPSO).

The FPSO vessel has a 227m-long and 50m-wide hull. The storage capacity of the vessel is 800,000bbls for oil and 8bcm for gas per annum.

Sembcorp, as per the contract, will work on the fabrication and integration of various topside modules along with the installation of equipment.

The construction of the new FPSO vessel is expected to complete in the fourth quarter of 2020.

“The construction of the new FPSO vessel is expected to complete in the fourth quarter of 2020.”

After completion, TechnipFMC plans to deploy the FPSO vessel at the Energean-operated Karish and Tanin deepwater field developments in the Eastern Mediterranean, which is 90km offshore Israel.

Last month, TechnipFMC has signed an agreement to acquire 51% of Island Offshore Subsea, taking a controlling stake in the company.

The acquisition will give TechnipFMC the ability to provide riserless light well intervention (RLWI) project management and engineering services for plug and abandonment (P&A), coiled tubing, in addition to well completion operations.

Sembcorp Marine offers integrated offshore and marine engineering solutions globally to offshore, marine and energy industries. The company’s customers include oil companies, shipping companies, floating production unit operators and drilling contractors.

Sembcorp currently operates shipyards in the UK, India, Brazil, Singapore and Indonesia.

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