The recent developments in the oil- and offshore-markets have some influence on the conversion business. One example for this[ds_preview] is an order for Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard in Singapore. It has secured a Floating Storage and Offloading (FSO) conversion contract worth S$56mill. from Teekay for the Gina Krog Field in the North Sea.
Sembawang Shipyard will work closely with Teekay to convert the shuttle tanker »Randgrid« into an FSO. It is a 20 years old tanker, built at Samsung in Korea, with 124,500 dwt. According to analysts of VesselsValue.com the »Randgrid« has a current value of 10,88mill. US-Dollar.
Major conversion works include installation of a new helideck, hull reinforcements, refurbishment of submersible turret loading (STL) compartment, installation of offshore crane, loading hose reel package, azimuth thruster and replacement of two generators, as well as associated piping and additional cabling works. The yard will also fabricate and install new living quarter decks on the vessel. The vessel to arrive at Sembawang Shipyard in early June. Completion is expected to be in 11 months, after which the FSO »Gina Krog« will head towards the Norwegian North Sea under a charter contract between Teekay and Statoil. Ong Poh Kwee, Deputy President of Sembcorp Marine and Managing Director of Sembawang Shipyard, said: »We are honoured to have been chosen by Teekay for this important conversion project. As on-time delivery is a priority, this fast track project will require our project team to demonstrate strong commitment to meet deadlines, innovative engineering solutions and close collaboration with the vessel owners to meet stringent North Sea offshore regulations.« Terje Rusdal, Vice President Marine & Offshore Projects, Teekay is optimistic: »Sembawang Shipyard was selected by Teekay to be our partner shipyard during the challenging tender process. The shipyard has demonstrated its ability to work in tandem with us right from the project’s initial phase. We are confident that this partnership will be the blueprint of a successful conversion project for both Teekay and Sembawang Shipyard.«
Sembcorp Marine is a marine and offshore engineering group with experience in repair, specialised shipbuilding, building of high-specification jack-up rigs, construction of ultra-deepwater semi-submersible rigs, conversion of floating production and storage facilities. The company has six shipyards in Singapore – Jurong Shipyard, Sembawang Shipyard, SMOE, PPL Shipyard, Jurong SML and Sembmarine Integrated Yard@Tuas.
Teekay Offshore Partners is a provider of marine transportation, oil production and storage services to the offshore oil industry focusing on the deepwater offshore oil regions of the North Sea and Brazil. It owns interests in shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offloading (FSO) units and conventional oil tankers.
