Offshore staff

APL has been awarded a contract from Maersk Contractors for a submerged production system (STP) for Woodside's Vincent FPSO.

The contract is for a disconnectable STP Turret Mooring System, including design, fabrication and commissioning. The STP technology is a flexible turret mooring system for floating production and offtake (FPSO) vessels.

The FPSO will produce about 120,000 b/d oil and 100 MMscf/d, and can stor 1.9 MMboe.

Conversion of Ellen Maersk will be at a Keppel shipyard in Singapore from early 2007. APL's final delivery is expected to take place in Q307.

This contract represents APL's 9th order for the STP.

06-06-06