Sembawang Shipyard won a Floating Storage Production Offloading (FPSO) conversion contract worth S$600 million (US$ 479,884,800) from French firm Saipem.
Sembawang is responsible for the conversion of two Very Large Crude Carrier (VLCC) into two turret-moored FPSOs.
The FPSOs, both owned by Total, will be used for Saipem’s Kaombo project in offshore Angola.
The converted FPSOs 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 million scfd gas compression capacity and a storage capacity of 1.7 million barrels of oil.
The first VLCC is anticipated to ether the Sembawang Shipyard in the third quarter of 2014 while the second VLCC will be in the shipyard in the first quarter of 2015.
The project is expected to take 32 months.