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    Sembawang and SMOE to build new FPSO topside facilities

    Yard News // March 4, 2005
    Sembawang Shipyard Pte Ltd and SMOE Pte Ltd, the offshore engineering unit of SembCorp Industries, have signed a Letter of Intent with ConocoPhillips China to fabricate and integrate topsides for a new build floating production, storage and offloading (FPSO) vessel for a major oil development in Bohai Bay, China.

    Estimated at more than US$200 million, the project is scheduled for completion in mid-2008.

    The FPSO facility is bound for shallow-water Bohai Bay where ConocoPhillips China is developing the massive Peng Lai 19-3 Phase II Oil Development Project in cooperation with CNOOC Ltd.

    Sembawang Shipyard (SSPL) will be executing the project in partnership with SMOE under a 50/50 joint venture arrangement.

    SSPL and SMOE have collaborated previously in similar partnership arrangement and successfully delivered three FPSO projects, including the FPSO topsides currently under construction for the Erha Field Development in Nigeria.

    Under the project, SSPL and SMOE will provide the secondary structural steel materials and fabricate 15 FPSO topside modules, one flare tower and seven pipe-rack modules, as well as integrate the facilities onto the hull of the FPSO vessel and commissionthe facilities prior to the vessel's departure for China. The topsides, weighing approximately 35,000 tonnes, will have a processing capacity of 190,000 barrels of oil per day with 510,000 barrels of fluid handled per day.

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