Sembcorp Marine Ltd (“the Group”) is pleased to announce that its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters Pte. Ltd., has secured a contract from TechnipFMC to undertake the Engineering, Procurement and Construction of Hull and Living Quarters for a newbuild Floating Production, Storage and Offloading vessel (FPSO). The contract includes fabrication and integration of various topside modules, as well as the installation of owner-furnished equipment.
The FPSO’s hull is approximately 227m long and 50m wide, with a total oil storage capacity of 800,000bbls and gas production capacity of 8bcm (billion cubic metres) per annum.
Scheduled for completion in the fourth quarter of 2020, the FPSO will be deployed at the Energean-operated Karish and Tanin deepwater field developments in the Eastern Mediterranean, approximately 90km offshore Israel.
The contract is not expected to have any material impact on the net tangible assets and earnings per share of the Group for the year ending December 31, 2018.
Press Release: sembmarine.com