Port Security Conference

April 14 2003

Jurong completes FPSO
Singapore's Jurong Shipyard Pte Ltd, a subsidiary of SembCorp Marine, has completed construction of the 356,400 dwt Floating Production Storage Offloading (FPSO) Fluminense on schedule for MODEC International LLC.

Measuring 363 m x 61 m x 29 m, the 356,400 dwt FPSO Fluminense has a production capacity of 81,000 barrels of oil per day and a storage capacity of 1.2 million barrels of oil.

The conversion of the ULCC Sahara to the FPSO Fluminense involved significant steel renewal and strengthening, extensive coating and cathodic protection, the installation of process skids, helideck, metering system, flare tower, deck cranes and upgrading of the accommodation. Over 300,000 m2 of the ULCC's cargo tanks were grit blasted and coated.

The completed FPSO is also fitted with the world's largest external turret mooring system, weighing 1,300 tonnes.

The FPSO will serve under a lease to Shell Brazil Ltda in the Bijupira and Salema Oilfields at the Campos Basin offshore Brazil, some 145 km from Macae. The FPSO is slated to receive the first oil early third quarter 2003 and will operate at a water depth of between 780 to 880 m.

MODEC International LLC and its client Shell International, Exploration & Production congratulated the yard on its outstanding performance and on meeting the very tight and challenging delivery schedule.

Shashank Karve, President and CEO of MODEC International said "Jurong Shipyard's strong management commitment and teamwork are highly commendable and have contributed tremendously to the successful completion of the project on schedule. Despite the very tight schedule, the extensiveness and many challenges faced by the project teams from Jurong Shipyard, MODEC and Shell, I am very pleased to note that they have worked well and brought about the successful completion of the project."

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