Sembcorp Marine Lands Modec FSO Gig
- Business & Finance
Singapore-based Sembcorp Marine has, through its wholly owned subsidiary Sembcorp Marine Rigs and Floaters, secured a contract to design and build a new floating, storage and offloading (FSO) vessel for Modec Offshore Production Systems (Singapore), a subsidiary of Modec, Inc.
Scheduled for delivery in the first quarter of 2018, the FSO unit will be Sembcorp’s first FSO newbuilding secured on a full turnkey project basis including Engineering, Procurement, Construction and Commissioning (EPCC). Modec will supply the internal turret and topside modules -vapour recovery unit and metering skid – which Sembcorp will install and integrate.
William Gu Wei Guang, Head of Sembcorp Marine Rigs & Floaters, said: “This is our 24th project working with Modec and the first new build FSO for SCM Rigs & Floaters. The FSO will be built using our facilities at Tuas Boulevard Yard. We thank Modec for placing their confidence and trust in us.”
When completed, the FSO will be deployed at Maersk Oil’s Culzean field in the North Sea, recently approved by the UK Oil & Gas Authority for development.