Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has won a contract worth about Sing$600 mill from Saipem for the conversion of two VLCCs into FPSOs for the Kaombo project in Offshore Angola (see above).
The first VLCC, ‘Olympia’, is expected to enter Sembawang Shipyard in the third quarter of this year, while the second VLCC, ‘Antartica’, will be in the shipyard during first quarter 2015.
The total conversion will take 32 months. Both vessels were formerly owned by Euronav.
Under the terms of the contract, Sembawang is responsible for the conversion of the two sister ships into twin turret-moored FPSOs for the project located about 150 km from the Angolan coast.
The two converted FPSOs, owned by Total, will each have an oil treating capacity of 115,000 barrels per day, a water injection capacity of 200,000 barrels per day, a 100 mill scfd gas compression capacity and a storage capacity of 1.7 mill barrels of oil.