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Asia Maritime Blog
TTA builds on Singapore presence

    Sembcorp Marine signs up for Indonesian FSO


    One of Singapore's top two big offshore players Sembcorp Marine, announced its Sembawang

    Shipyard unit, has tied up with Indonesian ship owners and managers PT Scorpa Pranedya to nab a US$300 million Floating Storage Offloading (FSO) tanker conversion contract from Exxon Mobil unit Mobil Cepu to be used for the Cepu Block offshore Java.


    The contract for engineering, procurement, construction, commissioning and hook-up work of a very large crude carrier (VLCC)-sized FSO vessel for the Banyu Urip project in the Cepu Block in East Java, Indonesia. The engineering, procurement, and construction parts of the project are to be completed 27 months after contract award, meaning vessel conversion is expected to be completed by the first quarter of 2014.


    Sembawang Shipyard has lagged somewhat in new order wins in the past two quarters and should have lots of capacity to take on the job.

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