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October 6, 2011

Sembcorp unit wins FPSO conversion contract from MODEC

Sembcorp Marine's subsidiary Jurong Shipyard has received a S$130m (US$99.1m) contract from MODEC to convert a very large crude carrier (VLCC) called TAR II to a floating production storage and offloading (FPSO) vessel.

Sembcorp Marine’s subsidiary Jurong Shipyard has received a S$130m (US$99.1m) contract from MODEC to convert a very large crude carrier (VLCC) called TAR II to a floating production storage and offloading (FPSO) vessel.

The conversion contract includes the installation of an external turret mooring system and process facilities.

The FPSO is scheduled to be delivered to MODEC in the second quarter of 2013.

The modified VLCC TAR II will then be delivered to OSX Leasing for deployment in offshore Brazil, located in water depths of 110m.

The vessel is designed to operate for 20 years without dry-docking, and it will have a production capacity of 100,000 barrels of oil a day and a storage capacity of 1.6 million barrels of oil.

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