Jurong Wins $80M FPSO Conversion From Kellog Brown & Root

Thursday, May 10, 2001
SembCorp Marine Ltd. said its wholly-owned subsidiary Jurong Shipyard Pte Ltd. won a project worth about $80 million from U.S.-based Kellog Brown & Root Inc. to convert a crude oil tanker into an oil platform. The project, which involves the conversion of a 270,000 dwt crude carrier to a floating production, storage and offloading platform to be stationed offshore from Brazil. After the project's completion in the third quarter of 2002, the platform will have the capacity to produce 150,000 barrels a day of oil as well as gas compression capacity. Jurong Shipyard is also investing $8.8 million for a 70 percent stake in a Brazilian joint venture for conversion and construction of floating production and drilling units for deep water oil and gas exploration and production. The Maua Group will hold the remaining 30 percent stake in the venture, it said. SembCorp said Jurong Shipyard will be using internal funds for the investment and it is thus not expected to have a material impact on its earnings. - (Reuters)
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Wärtsilä to Proceed with first LNG Terminal

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Port of Galveston to Repair Public Pier

Galveston Wharves’ board of trustees today unanimously approved a project to repair pilings and pier deck in the Pier 19 area of the port. The board awarded the contract,

NASSCO Cuts Steel on APT "ECO Tanker"

General Dynamics NASSCO started construction of another ship in its commercial shipbuilding backlog, starting construction of a second “ECO” tanker to be built

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Salvage Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1210 sec (8 req/sec)