An affiliate of Sembcorp Marine Ltd.’s has secured a contract from TechnipFMC to undertake the engineering, procurement and construction of hull and living quarters for a newbuild FPSO vessel, the company said on March 28.
Sembcorp Marine Rigs and Floaters Pte. Ltd.’s awarded contract also includes fabrication and integration of various topside modules, as well as installation of owner-furnished equipment.
The FPSO’s hull is approximately 227 m (744 ft) long and 50 m (164 ft) wide, with a total oil storage capacity of 800,000 barrels and gas production capacity of 8 billion cubic meters per annum.
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 (55 miles) 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.
Recommended Reading
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
2024-03-18 - By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
2024-02-13 - In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.
NGL Growth Leads Enterprise Product Partners to Strong Fourth Quarter
2024-02-02 - Enterprise Product Partners executives are still waiting to receive final federal approval to go ahead with the company’s Sea Port Terminal Project.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
2024-04-04 - The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.