Sembcorp Marine Ltd has announced that its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters Pte. Ltd., has secured a contract from TechnipFMC to undertake the Engineering, Procurement and Construction of Hull and Living Quarters for a newbuild Floating Production, Storage and Offloading vessel (FPSO). The contract includes fabrication and integration of various topside modules, as well as installation of owner-furnished equipment.
The FPSO’s hull is approximately 227 m long and 50 m wide, with a total oil storage capacity of 800 000 bbls and gas production capacity of 8 billion m3/y.
Scheduled for completion in the fourth quarter of 2020, the FPSO will be deployed at the Energean-operated Karish and Tanin deepwater field developments in the Eastern Mediterranean, approximately 90 km offshore Israel.
The contract is not expected to have any material impact on the net tangible assets and earnings per share of the Group for the year ending December 31, 2018.