Sembcorp touts strong execution of multiple projects in 1H2022

Aug. 12, 2022
Year-to-date, Sembcorp Marine says it has successfully completed and delivered on several key offshore projects.

Offshore staff

SINGAPORE  Year-to-date, Sembcorp Marine says it has successfully completed and delivered on several key offshore projects, according to the company's latest results report.

A highlight was the delivery of Transocean’s Deepwater Atlas, the world’s first eight-generation ultradeepwater drillship, at end June. It is the first-ever high-specification drillship to be designed and constructed in Singapore, based on the Sembcorp's Jurong Espadon 3T drillship design. The vessel is the first of two Transocean drillships built by the group and the only ones in the world to feature 3-MMlb hookload hoisting capacity and well control systems able to accommodate 20,000-psi drilling operations. The drillships are capable of operating at 12,000 ft water depth and drilling to depths of 40,000 ft, a breakthrough in the industry.

Other notable projects completed in first-half 2022 include:

  • The Energean Power newbuild FPSO vessel for deployment at Technip Energies’ Karish Field in the Mediterranean Sea;
  • Fabrication of six production topsides and four bridges for TotalEnergies EP for the Tyra redevelopment project off the coast of Denmark; 
  • The Johan Castberg newbuild FPSO delivered to Equinor for harsh-environment operation in the Barents Sea in Norway;
  • Fabrication of 15 wind turbine jacket foundations for Jan De Nul for installation at the Formosa 2 offshore wind farm located offshore Miaoli County in the Taiwan Strait; and 
  • An offshore substation and reactive compensation station for Ørsted’s Hornsea 2 offshore wind farm in the UK North Sea.     

Vessel services

Sembcorp's Repairs & Upgrades business serviced 96 vessels in first-half 2022.

The group saw continued demand for repair and upgrade of LNG carriers. Year-to-date, the group completed 10 LNG carrier repairs and refits.

The group also upgraded two FSRUs and two LNG reliquefaction plant retrofits with ballast water management system installation.

Other vessels serviced include cruise liners, container vessels, cargo and bulk carriers, crude oil tankers and naval vessels.

Ongoing projects

In late June, the company had five more projects scheduled for delivery by the end of the year, with a further seven projects to be progressively delivered from 2023 to 2026. 

Sembcorp is close to completing the construction of the largest LNG bunker vessel built in Singapore for Mitsui O.S.K. Lines (MOL) and charterer Pavilion Energy. Successfully launched in April, the newbuild 12,000-cu.-m vessel is scheduled to undergo sea and gas trials prior to its scheduled delivery in fourth-quarter 2022.

The design of the world’s first green ammonia-fueled tanker for the Grieg Maritime Group by Sembcorp Marine’s wholly owned subsidiary LMG Marin has received approval-in-principle from DNV.

The company also has made good progress on the FEED of an FPSO facility for Altera’s Dorado FPSO project in offshore Australia with the hope of securing an engineering, procurement and construction (EPC) contract.     

New contracts and developments    

In March Sembcorp secured a contract from Maersk for the construction of a wind turbine installation vessel (WTIV) for deployment to U.S. offshore windfarms Empire 1 and 2. The WTIV is designed to operate at a high level of efficiency and to handle the next generation of larger wind turbines.

In July the company entered into an EPCI contract with a major energy company for a gas topsides project in Australia. Work on the topsides will be for four years, commencing 2022.

Sembcorp is actively working on multiple tender opportunities in the operations and maintenance, offshore wind/renewables and new energy segments as well as offshore vessels upgrading projects.

On April 27, Keppel Corp. Ltd. and Sembcorp Marine Ltd. have entered into definitive agreements for the proposed combination of Keppel Offshore & Marine Ltd. and Sembcorp Marine.