Sembawang Shipyard won $53.5 million contract from Bergesen Worldwide Offshore to convert the Ultra Large Crude Carrier, BW Enterprise to an FPSO (Floating, Production, Storage & Offloading). Bergesen Worldwide Offshore will own and operate the FPSO in the Gulf of Mexico under a 15-year term agreement with Pemex. This is the first FPSO to be deployed in the Gulf of Mexico and will serve as a hub in the area and act as an export terminal. The contract calls for the 360,000 dwt tanker to be converted into an FPSO with 600,000 bpd handling inclusive of 200,000 bpd processing capacity with gas export capability. The shipyard will carry out detailed engineering…