Sembcorp Marine wins FPSO conversion job for project in India
- Business & Finance
Singapore’s offshore rig builder Sembcorp Marine has won a contract with Shapoorji Pallonji and Bumi Armada to convert a VLCC into an FPSO for a project in India.
Sembcorp Marine Rigs & Floaters has signed agreements with joint venture companies of Shapoorji Pallonji and Bumi Armada to convert Ariake, 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.
Sembcorp Marine said on Monday that 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 its Tuas Boulevard Yard, with delivery scheduled in the second half of 2021.
“We are excited to work with Shapoorji Pallonji and Bumi Armada on the Ariake FPSO conversion, which will enhance Sembcorp Marine’s visibility in the Indian offshore oil and gas sector,” said Sembcorp Marine Head of Rigs & Floaters William Gu.
Sembcorp Marine has also added three new gas projects to its portfolio.
These include conversion of LNG tanker Dwiputra into a 125,000cbm 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 127,000cbm floating storage unit (FSU) for Gasfin Development S.A.; and upgrading works on the 173,400cbm FSRU BW Magna for BW LNG.
In addition, the company has won new projects for wind farm developments as well as cruise ship upgrades.
The company said that this batch of new projects is valued at S$400 million.
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