Jurong books FPSO conversion order

Singapore's Jurong Shipyard (JSPL), a wholly-owned subsidiary of Sembcorp Marine, has secured an approximately S$351 million (US$268 million) contract to convert the Aframax tanker, the MT Arc II (ex MT Arc), to a Floating Production Storage and Offloading (FPSO) vessel, to be renamed FPSO Petrojarl Cidade de Itajai, for Teekay Petrojarl Production AS.

The conversion contract includes detailed engineering, installation and integration of 16 topside modules, installation of spread mooring and power generation systems and accommodations upgrades as well as extensive piping and electrical cabling work.

The FPSO is scheduled for delivery in the first quarter of 2012.

On completion, Teekay Petrojarl Production AS will charter the unit to Petrobras for nine years with options.

FPSO Petrojarl Cidade de Itajai will be installed in approximately 277 meters water depth on the Tiro e Sidon Field offshore Brazil. It will be capable of processing at least 80,000 barrels of oil per day and 70.0 MMscfd of production gas, injecting more than 96,000 barrels of water per day and storing 650,000 barrels of oil. In addition, the FPSO is designed to remain on the field for up to 15 years without dry docking.

FPSO Petrojarl Cidade de Itajai will be the twelfth major FPSO/FPU/FSO/FDPSO conversion project that Sembcorp Marine's shipyards have undertaken for Petrobras, including the P-62, which is currently undergoing pre-FPSO conversion in Jurong Shipyard.