Sembcorp wins $270MM conversion for FPSO to work offshore Brazil

Source: Sembcorp Marine

Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured an approximately US $270 million (S$351 million) contract to convert the Aframax tanker, the MT Arc II (ex MT Arc), to a Floating Production Storage and Offloading (FPSO) vessel, to be renamed FPSO Petrojarl Cidade de Itajai, for Teekay Petrojarl Production AS. 

The conversion contract involves the conversion of the oil tanker to an FPSO that includes detailed engineering, installation and integration of 16 topside modules, installation of spread mooring and power generation systems, accommodation upgrading as well as extensive piping and electrical cabling works. 

Scheduled for delivery in the 1st quarter of 2012, FPSO Petrojarl Cidade de Itajai will constitute part of the Tiro e Sidon field development plan. On completion, owner Teekay Petrojarl Production AS will charter the FPSO to Petrobras for 9 years with options. 

FPSO Petrojarl Cidade de Itajai will be installed in approximately 277 meters water depth on the Tiro e Sidon Field offshore Brazil. It will be capable of processing at least 80,000 barrels of oil per day and 70.0 MMscfd of production gas, injecting more than 96,000 barrels of water per day and storing 650,000 barrels of oil. In addition, the FPSO is designed to remain on the field for up to 15 years without dry docking. 

FPSO Petrojarl Cidade de Itajai will be the 12th major FPSO/FPU/FSO/FDPSO conversion project that Sembcorp Marine’s shipyards have undertaken for Petrobras, including P-62 that is currently undergoing pre-FPSO conversion in Jurong Shipyard.

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