SembMarine bags 6 contracts worth S$400m

PHOTO: SEMBCORP MARINE

Sembcorp Marine is converting liquefied natural gas tanker Dwiputra into a floating storage and regasification unit, to be renamed Karmol LNGT Powership Africa.SEMBCORP Marine has snagged six new projects valued at a total of S$400 million to provide engineering solutions for offshore gas and wind farm developments as well as cruise ship upgrades.

With the latest contracts, SembMarine has entered the “highly competitive” offshore wind sector in Taiwan, and is also partnering both repeat and new customers, the group said in a filing on Monday morning. One of the contracts is for a floating production, storage and offloading conversion project with the joint venture companies of Shapoorji Pallonji Oil & Gas and Bumi Armada. Sembcorp Marine Rigs & Floaters will convert a very large crude carrier, into an FPSO unit for deployment in the east coast of India. The vessel will produce up to 90,000 barrels of oil per day and have a 1.3-million-barrel storage facility.

Meanwhile, Sembcorp Marine Repairs & Upgrades has added three new gas projects to its portfolio. These entail the conversion of a liquefied natural gas tankerinto a 125,000 cubic metre floating storage and regasification unit for a joint venture between Mitsui OSK Lines and Karpower International; the conversion of NYK Line’s former gas carrierinto a 127,000 cu m floating storage unit for Gasfin Development; and upgrading works on the 173,400 cu m FSRUfor BW LNG.

Source: News Formal (newsformal.com)

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