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Sembmarine wins design and build contract for FSO vessel

Sembmarine wins design and build contract for FSO vessel
Singapore’s Sembcorp Marine has secured a contract to design and build a new floating, storage and offloading (FSO) vessel for MODEC Offshore Production Systems (Singapore), subsidiary of MODEC, Inc.

The FSO, slated for delivery in the first quarter of 2018, will be Sembmarine’s first FSO newbuilding secured on a full turnkey project basis including engineering, procurement, construction and commissioning (EPCC).

“This is our 24th project working with MODEC and the first new build FSO for Sembmarine Rigs & Floaters. The FSO will be built using our facilities at Tusa Boulevard Yard,” said William Gu Wei Guang, head of Sembmarine Rigs & Floaters, wholly-owned by Sembmarine.

The FSO will be deployed at Maersk Oil’s Culzean field, the largest new oil and gas field to have been discovered in the North Sea for a decade. It was also recently approved by the UK Oil & Gas Authority for development.