Sembcorp Marine secures Libra FPSO conversion

Jurong Shipyard Pte Ltd, a wholly owned subsidiary of Sembcorp Marine, has secured a $696-million contract to convert a shuttle tanker into an FPSO vessel for OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore.

Offshore staff

SINGAPOREJurong Shipyard Pte Ltd, a wholly owned subsidiary of Sembcorp Marine, has secured a $696-million contract to convert a shuttle tanker into an FPSO vessel for OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore.

The contract involves the conversion of theNavion Norvegia shuttle tanker to an FPSO, and includes detailed engineering, installation, and integration of topside modules, installation of external turret and power generation, and accommodations upgrading, as well as extensive piping and electrical cabling works.

Scheduled for completion in 3Q 2016, the FPSO will have the capacity to produce 50,000 boe/d and 4 MMcm (141 MMcf) of natural gas per day, and is expected to be chartered toPetrobras 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.

10/13/2014

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