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SINGAPORE : Jurong secured S$130m conversion job
Publish Date : 05-Oct-2011
Sembcorp Marine\'s wholly-owned subsidiary, Jurong Shipyard, has secured a contract worth S$130 million to convert a Very Large Crude Carrier (VLCC) tanker, the MV \'TAR II\', to a Floating Production Storage and Offloading (FPSO) vessel for MODEC.
The contract involves the installation of an external turret mooring system and process facilities, which include gas turbine generators, oil separation, gas injection/gas lift and water injection system.
The Planned delivery to MODEC is expected in the second quarter of 2013.
The contract is not expected to have any material impact on the net tangible assets and earnings per share of Sembcorp Marine for the year ended December 31, 2011.
MODEC is an international general contractor specializing in engineering, procurement, construction and installation of floating production systems including Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Tension Leg Platforms (TLPs), Production Semi-submersibles, Mobile Offshore Production Units (MOPUs) and other new technologies which will meet the challenges of various types of gas production floaters. The Company also provides Floating Production System operation and maintenance services around the world.
