Sembcorp Marine has won a raft of new projects valued at S$400 million that leverage the group’s wide-ranging engineering solutions for offshore gas and wind farm developments as well as cruise ship upgrades.
Sembcorp Marine Rigs & Floaters Pte. Ltd. has signed agreements with joint venture companies of Shapoorji Pallonji Oil and Gas Private Limited and Bumi Armada Berhad 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.
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 flagship 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 Mr William Gu.
Additionally, Sembcorp Marine Repairs & Upgrades Pte. Ltd. has added three new gas projects to its portfolio, namely:
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 Pte Ltd.
All three projects will be completed at Sembcorp Marine Admiralty Yard, for delivery between the end of this year and February 2020.
Sembcorp Marine’s president and CEO Mr Wong Weng Sun said: “Despite the challenging market conditions, we have been steadfastly pursuing the available pockets of opportunities. I am very pleased that our teams have translated several of these opportunities into new contracts.
“As we respond to current market enquiries and customer requirements, Sembcorp Marine will continue to innovate and improve our capabilities, so that we can sustain our long-term competitiveness by having the best solutions for the evolving global offshore, marine and energy industries.”