Singapore’s MODEC contracts Sembcorp Marine to build new FSO vessel

22 November 2015 (Last Updated November 22nd, 2015 18:30)

Singapore's MODEC Offshore Production Systems (MOPS) has awarded a contract to Sembcorp Marine (SCM) to design and build a new floating storage and offloading (FSO) vessel.

Singapore’s MODEC Offshore Production Systems (MOPS) has awarded a contract to Sembcorp Marine (SCM) to design and build a new floating storage and offloading (FSO) vessel.

Under the terms of the deal, SCM will engineer, procure, construct and commission the new FSO, whereas Modec will supply the internal turret and topside modules (vapour recovery unit and metering skid) which SCM will install and integrate.

Upon its delivery in 2018, the vessel will be deployed at Maersk Oil’s Culzean field, North Sea, which recently received approval by the UK Oil and Gas Authority for development.

"We have been long-time partners with SCM for our conversion projects and we have seen SCM’s strong track record in delivering quality vessels and rigs."

MOPS president Sateesh Dev said: "We have been long-time partners with SCM for our conversion projects and we have seen SCM’s strong track record in delivering quality vessels and rigs.

"As such, we are pleased to continue our partnership with SCM for this new build FSO meant for operation in the UK sector of the North Sea."

Sembcorp Marine Rigs & Floaters head William Gu Wei Guang said: "This is our 24th project working with MODEC and the first new build FSO for SCM Rigs & Floaters. The FSO will be built using our facilities at Tuas Boulevard Yard."

According to Straits Times, Marco Polo Drilling has recently terminated a contract worth $214m with SCM to build a Pacific Class 400 jack-up drilling rig at PPL Shipyard.

However, the company has refused the reports.