Teekay to Convert Shuttle Tanker at Sembawang Shipyard

  • Business & Finance
Bermuda-based shipowner Teekay has contracted Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard to convert one of its shuttle tankers into a Floating Storage and Offloading (FSO) vessel.
Under the S$56 million contract, Sembawang Shipyard will work closely with Teekay to convert the shuttle tanker Randgrid into an FSO vessel.
Many oil companies’ internal regulations prescribe that shuttle tankers cannot exceed 20 years in age and still operate under their contracts. This year, Randgrid will have 20 years of shuttle tanker operations under her belt.
The vessel is expected to arrive at Sembawang Shipyard in June 2015, with completion in 11 months, after which the FSO Gina Krog will head towards the Norwegian North Sea under a charter contract between Teekay and Statoil.

Major conversion works include installation of a new helideck, hull reinforcements, refurbishment of submersible turret loading (STL) compartment, installation of offshore crane, loading hose reel package, azimuth thruster and replacement of two generators, as well as associated piping and additional cabling works. The yard will also fabricate and install new living quarter decks on the vessel.

As on-time delivery is a priority, this fast track project will require our project team to demonstrate strong commitment to meet deadlines, innovative engineering solutions and close collaboration with the vessel owners to meet stringent North Sea offshore regulations,”said Ong Poh Kwee, Managing Director of Sembawang Shipyard.

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