FPSO US$674-million Contract for Sembcorp Subsidiary

Sembcorp Marine’s subsidiary Jurong do Brasil Prestacao de Services Ltda (JDB) awarded FPSO module contract by Tupi B.V.

The contract is for the construction of a total of 8 modules and module integration works for 2 Floating Production Storage and Offloading vessels (FPSO) P-68 and P-71 from Tupi B.V., a consortium owned by majority shareholder Petrobras Netherlands B.V., together with BG Overseas Holdings Ltd and Galp Energia E&P B.V.

As part of the agreement, Tupi B.V. has a similar contract option to construct 4 modules and modules integration for a FPSO to be exercised within 18 months of the contract signing.

Under the contract, the FPSOs P-68 and P-71 will have identical work scopes, comprising the fabrication of 4 modules for each FPSO and module integration works. Scheduled for completion in 60 months, the P-68 and P-71 will be deployed in the Tupi field offshore Brazil. Each FPSO will have a production capacity of 150,000 barrels of oil per day (bopd).

The fabrication of the modules and the integration of the FPSOs will be carried out in Sembcorp Marine’s wholly-owned Brazilian subsidiary Estaleiro Jurong Aracruz.