Sembcorp Marine’s wholly owned subsidiary Jurong Shipyard secured a USD 696M contract to convert a shuttle tanker into a floating, production, storage and offloading (FPSO) vessel for OOGTK Libra & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore.
The contract involves the conversion of the Navion Norvegia shuttle tanker to an FPSO that includes 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. Scheduled for completion in the third quarter of 2016, the FPSO will have the capacity to produce 50,000 barrels of oil per day and 4MCM of natural gas per day. It is expected to be chartered to Petrobras for work on the Libra field in the ultra-deepwater section of Brazil’s Santos Basin.
Operating as an early well-test unit, the FPSO will be on a 12-year charter once it begins its contract in late 2016.
