Contractors Unlimited

Sembcorp Marine's SMOE Secures Contract For The Construction Of The Ekofisk Accommodation Topside For The North Sea

Sembcorp Marine SMOE, a wholly-owned subsidiary of Sembcorp Marine, has secured an estimated S$550 million contract from ConocoPhillips Skandinavia AS, Norway to build the Ekofisk accommodation topside to be installed in the North Sea.

The contract entails the provision of engineering, procurement and construction of a 10,000-metric-tonne accommodation topside that lodges 552 personnel. Other deliverables include two bridges, a bridge connector and a helideck. The platform will also feature a built-in centralised telecommunications centre and a control tower.

An initial two months of engineering design work on the accommodation cabins, led by a team of senior SMOE design engineers, will be carried out in Norway. Construction of the project is expected to commence in the third quarter of 2010 with delivery scheduled for 2013 installation. On completion, it will be deployed at the Greater Ekofisk Area, which is located approximately 300 kilometres offshore Stavanger. At location, the topside will sit above a water depth of 80 metres.

The contract is not expected to have any material impact on the earnings and net tangible assets per share of Sembcorp Marine for the year ending December 31, 2010.

SMOE is a fully-owned subsidiary of Sembcorp Marine and is a recognised leader in the engineering and construction of offshore production platforms and floating production facilities for the global oil and gas industry. With a proven track record of more than 30 years, SMOE is capable of delivering the full range of turnkey solutions in engineering, procurement and construction through to transportation, installation and commissioning. Its offshore engineering expertise includes the construction of fixed platforms, floating production systems, offshore installations and the fabrication, integration and pre-commissioning of FPSO topside modules.

Sembcorp Marine is a leading global marine and offshore engineering group, specialising in a full spectrum of integrated solutions in ship repair, shipbuilding, ship conversion, rig building, offshore engineering and construction.

Globally renowned for its rig building and offshore conversion expertise, Sembcorp Marine has over the years established a proven track record in jack-up design and building, fast-track semi-submersible construction, the production of offshore platforms, and the conversion of floating production and storage facilities for major oil and energy companies.

Offering a complete suite of turnkey services to serve the offshore oil and gas industry, the company's specialised capabilities range from the engineering, procurement and construction of offshore production platforms and floating production systems, to the fabrication, integration, pre-commissioning, as well as offshore hook-up and commissioning of topside process modules and production modules for fixed platforms and mega FPSOs.

Sembcorp Marine is also recognised as an industry leader in ship repair and a niche player in the design and newbuilding of a wide variety of vessels, from 2,600 TEU containerships, bulk carriers, cable-laying vessels to ice-breaking tugs.

With operations in the strategic hubs of Singapore, China, Brazil and the USA, Sembcorp Marine offers one of the largest marine and offshore engineering facilities with a combined dock capacity of 1.89 million deadweight tonnes (dwt) in the region. By leveraging on complementary facilities and capabilities, the Group's shipyards work in synergy to provide customers a full range of integrated customised solutions - ranging from conceptualisation and design, engineering, procurement and construction, through to commissioning and delivery.

Published 19/03/2010

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