By ANGELA TAN
Sembcorp Marine's subsidiary Sembawang Shipyard, in a consortium arrangement with PT Scorpa Pranedya, has secured a US$300 million Floating Storage Offloading (FSO) tanker conversion contract from Mobil Cepu Ltd.
Mobil Cepu is a subsidiary of Exxon Mobil Corporation, a contractor for the Indonesian Oil and Gas Regulatory Body (BPMIGAS) for Cepu Block. PT Scorpa Pranedya is an Indonesian shipowning and ship-management company.
Under the contract, the Shipyard is responsible for the engineering, procurement, construction, commissioning and hook-up work of a very large crude carrier (VLCC)-sized floating storage and offloading vessel for the Banyu Urip project in Indonesia.
The vessel is expected to be deployed in offshore Tuban for the Banyu Urip Project, located in East Java, Indonesia.
The engineering, procurement, and construction of the project is to be completed 27 months after contract award.
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