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.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

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.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Ship Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Ship Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now