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Thome at the vanguard of FPSO conversion rush

Singapore: Thome Offshore Management (TOM), a wholly owned unit of ship manager Thome Group, has signed a wide-ranging service agreement with Vanguard Field Development Solutions of Singapore (Vanguard), a leading offshore industry service company, to provide FPSO conversion and project management services.

Vanguard is an independent offshore services company with a strong track record in FPSO/FSO conversion, supply and operation.

As part of the new agreement, Thome Offshore has clinched a deal to assist with the conversion of an aframax tanker into an FPSO, and to operate that FPSO once delivered to the field.

Vanguard, with Thome's assistance, has already identified two other oil tankers currently trading that are suitable for future conversion into FPSOs, which will be deployed on oil and gas fields.

Vanguard Field Development Solutions will undertake the conversion of the Aframax tanker Vanguard Viking1 (double hull, 101,972 dwt, built 1991) at a Singapore shipyard with work expected to start in December 2007

The converted unit is expected to be delivered to Vanguard, her owners, by the end of 2008.  [22/08/07]

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