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Jurong's offshore focus pays off

Jurong's offshore focus pays off

Singapore: Hard on the heels of two major offshore contracts clinched earlier this month, Singapore's Jurong Shipyard has announced a deal to convert two existing tankers into Floating Production, Storage and Offloading vessels (FPSOs) for Tanker Pacific Offshore Terminals. Worth close to $60m, the contract involves the conversion of the 92,800dwt Aframax tanker Andaman Sea which is to be renamed FPSO Raroa when conversion work is completed late in 2007. She will then enter into a contract with OMV New Zealand and will be deployed on the Maari Field. A second larger Suezmax unit will also be converted. The 148,250 dwt Freeway will have life extension and conversion work carried out at Jurong and will be renamed FPSO Montara Venture when she is redelivered during the first half of 2008. She will then work on the Montara oil field off the Australian coast for Coogee Resources.

Early in December, Jurong won a $180m deal to design and build a self-elevating heavy-lift jack-up barge for Saudi Aramco Overseas Company. Due to be commissioned in early 2010, the jack-up barge is a four-legged, self-elevating, heavy lift subsea pipeline repair and maintenance unit and will be deployed in water depths of 5-60 metres in the Arabian Gulf. A few days later, Jurong also announced a contract with Noble Drilling for a new ultra-deepwater dynamically position semi-submersible. This deal, worth an estimated $500m, involves the conversion and outfit of an existing baredeck hull. Work will start immediately and the unit is due for delivery during the first quarter of 2009.  [28/12/06]



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