Sembcorp Marine’s Jurong Shipyard wins FPSO conversion deal

Singapore: Sembcorp Marine has announce that Jurong Shipyard Pte has landed a contract to convert a shuttle tanker into an FPSO vessel for OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore. 
The contract is valued at $696m and involves the conversion of Navion Norvegia, a shuttle tanker, with the work including detailed engineering, installation and integration of topside modules, installation of external turret and power generation, accommodation upgrading as well as extensive piping and electrical cabling works. 
The FPSO is due for completion in the third quarter of 2016, and will have the capacity to produce 50,000 barrels of oil per day and 4 million cubic metres of natural gas per day. The vessel is expected to be chartered to Petrobras for a period of 12 years for work on the Libra field in the ultra-deepwater section of Brazil’s Santos Basin. 
William Gu, gm of Jurong Shipyard’s offshore division, said: “We are pleased that Odebrecht Oil & Gas and Teekay have chosen Jurong Shipyard as their strategic partner. The conversion work will be done at our Sembmarine Integrated Yard @ Tuas which will soon commence work on its first FPSO conversion project.” 
Sembcorp Marine has secured $3.7b of new contracts this year. [13/10/14]

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