Sembawang Bags Teekay's FSO Conversion Project

April 22, 2015

 Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage and Offloading (FSO) conversion contract worth S$56 million from Teekay for the Gina Krog Field in the North Sea.

 
Sembawang Shipyard will work closely with Teekay to convert the shuttle tanker Randgrid into an FSO. The yard will also fabricate and install new living quarter decks on the vessel.
 
The ship is expected to arrive at Sembawang Shipyard in June 2015, with completion in 11 months, Sembcorp Marine said.  The ship will be used in the Norwegian North Sea under a charter contract between Teekay and Norwegian oil and gas firm Statoil. 
 
Major conversion works include installation of a new helideck, hull reinforcements, refurbishment of submersible turret loading (STL) compartment, installation of offshore crane, loading hose reel package, azimuth thruster and replacement of two generators, as well as associated piping and additional cabling works. The yard will also fabricate and install new living quarter decks on the vessel.
 
The above contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2015.
 
Ong Poh Kwee, Deputy President of Sembcorp Marine and Managing Director of Sembawang Shipyard, said: “We are honoured to have been chosen by Teekay for this important conversion project. As on-time delivery is a priority, this fast track project will require our project team to demonstrate strong commitment to meet deadlines, innovative engineering solutions and close collaboration with the vessel owners to meet stringent North Sea offshore regulations.
 

Logistics News

Port of Auckland Commences Upgrade of Bledisloe North and Fergusson North Wharves

Port of Auckland Commences Upgrade of Bledisloe North and Fergusson North Wharves

APM Terminals to Accelerate Port Development in Andhra Pradesh

APM Terminals to Accelerate Port Development in Andhra Pradesh

DOE Grants Lake Charles LNG Additional Time to Commence Exports

DOE Grants Lake Charles LNG Additional Time to Commence Exports

Baltic Index Rises, Sees Gains Across All Vessel Sizes

Baltic Index Rises, Sees Gains Across All Vessel Sizes

Subscribe for Maritime Logistics Professional E‑News

BNSF and CSX launch a new coast-to-coast link to boost freight services
Oil prices rise after Ukraine attacks on Russian energy sites
Boeing Defense and striking machinists announce Monday's return to negotiations