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Sembawang bags $69m conversion contract

Sembawang bags $69m conversion contract

Singapore: Sembcorp Marine subsidiary, Sembawang Shipyard, has secured a S$99m ($69.1m) contract from Brazils's Dynamic Producer to convert a 111,567dwt tanker into a DP Floating, Drilling, Production, Storage and Offloading (FDPSO) vessel. The FDPSO, to be named Dynamic Producer, will have a crude oil drilling and storage capacity of 300,000 bbls and be able to comfortably house a complement of 106 persons upon delivery in last quarter of 2009.

The new FDPSO is to be operated by the Petroserv Group subsidiary  on long-term charter to Petrobras at the Espirito Santo, Campos and Santos Basin off the Brazilian Southeast Coast.
"Sembawang Shipyard has been selected by Petroserv to be our partner shipyard in this milestone project as the shipyard has clearly demonstrated its strong track record in handling sophisticated FPSO conversion and offshore work, especially vessels equipped with dynamic positioning capabilities," said Petroserv vp and director Roberto Jessourun "We are confident that the shipyard will deliver a quality FDPSO vessel for our deployment in Brazil.''

"We thank Petroserv for this important award as it reaffirms Sembawang Shipyard's strong track record in the specialised FPSO conversion sector and market leadership in dynamic positioning offshore vessels," said Ong Poh Kwee, Sembawang Shipyard md. "The buoyant offshore market offers exciting opportunities for both the shipyard and owners and we look forward to a long-term collaborative partnership with Petroserv."  [10/09/08]