rss icon Subscribe
desktop mobile

Sembmarine Inks LoI with Shell for FPU

Floaters. Photo: Sembcorp Marine Ltd.

By Aiswarya Lakshmi

Sembcorp Marine announced that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters has signed a Letter of Intent (LOI) with Shell Offshore for the construction of the hull and topside as well as the integration of the Vito floating production unit (FPU).

If the project moves forward, the Vito FPU will be a new facility located in the Mississippi Canyon, approximately 150 miles south of New Orleans, Louisiana, USA, in water depth of 4,050 ft.
Comprising a single topside module supported by a 4-column semisubmersible floating hull, the Vito FPU is designed with a throughput capacity of 100,000 bpd of oil and 100 MMSCFD of gas.
Final contract award will be dependent upon Shell and its partners sanctioning the project.
The LOI is not expected to have any material impact on the net tangible assets and earnings per share of the Group for the year ending December 31, 2017.

Dec 6, 2017

 

Contracts

Nisomar Awarded First Launch Services Contract

(Photo: Nisomar)

The new data-driven maritime services company Nisomar confirmed a launch services partnership

ABS Partnership Enhances Safety in Ghana’s Offshore Industry

Photo: ABS

ABS, a leading provider of classification and technical services to the marine and offshore

Austal, JR Kyushu Jet Ferry Developing New Vessel Concept

Render of the proposed 80 meter trimaran high speed passenger ferry concept for JR Kyushu Jet Ferry, announced in Japan (Image: Austal)

A Memorandum of Understanding (MOU) between Austal Australia and JR Kyushu Jet Ferry will see the

Energy

OPEC, Allies Look at Plans for Prolonged Oil Supply Restraint

OPEC and allied producers are looking at a "continuity strategy" for oil supply management, OPEC's secretary general said on Wednesday, signalling plans for further cooperation

Seadrill Bondholders Propose Alternative Debt Restructuring

(Photo: Seadrill)

An unofficial committee of Seadrill's unsecured bondholders has submitted a binding alternative

Skangas to Source LNG at Import Terminal on Isle of Grain

Photo: Grain LNG

Skangas has announced that it has signed a Letter of Intent (LoI) with National Grid Grain LNG.

Maritime Apps