Sembcorp Marine Scores Vessel Conversion, Upgrade Deals
- Business & Finance
Singapore’s Sembcorp Marine has secured agreements for a number of vessels, including VLCC, FSRU and FSU conversions, as well as FSRU upgrading works.
The first contract, signed with joint venture companies of Shapoorji Pallonji Oil and Gas Private Limited and Bumi Armada Berhad, would see the company convert a very large crude carrier (VLCC) into a floating production, storage and offloading (FPSO) unit for deployment in the east coast of India. The vessel will produce up to 90,000 barrels of oil per day (BOPD) and have a 1.3-million-barrel storage facility.
The project includes hull repairs and upgrading as well as fabrication of at least three topside modules which Sembcorp Marine will install on the vessel. The work will be done at the Tuas Boulevard Yard, with delivery scheduled in the second half of 2021.
Sembcorp Marine Repairs & Upgrades Pte. Ltd. has also added three new gas projects to its portfolio. These include the conversion of the LNG tanker Dwiputra into a 125,000 cbm floating storage and regasification unit (FSRU) for a joint venture between Mitsui O.S.K. Lines, Ltd (MOL) and Karpower International B.V.; conversion of NYK Line’s former gas carrier LNG Flora into a 127,000 cbm floating storage unit (FSU) for Gasfin Development S.A.; and upgrading works on the 173,400 cbm FSRU BW Magna for BW LNG Pte Ltd.
The company said that all three projects would be undertaken at Sembcorp Marine Admiralty Yard, with scheduled delivery between the end of this year and February 2020.
Sembcorp Marine’s latest deals are a part of a raft of new projects valued at SGD 400 million (USD 287.6 million). These also include cruise ship upgrades, as well as a breakthrough wind farm development contract for Taiwan’s offshore wind sector.
Namely, the company would undertake a makeover of Japan’s largest cruise ship, the Asuka II, operated by NYK Cruises Co. Ltd. Sembcorp Marine Repairs & Upgrades is to install a sulphur oxide (SOx) scrubber unit on the vessel over 45 days at the Admiralty Yard from January 2020.
Finally, Sembcorp Marine Offshore Platforms Pte. Ltd. has landed a contract with Jan De Nul n.v. to fabricate 15 jacket foundations for the Formosa 2 Offshore Wind Farm, located 4km offshore Miaoli County in the Taiwan Strait.