Sembmarine wins contract to build FPSO for Energean-operated field

The vessel could be worth US$1.36b, according to previous calculations.

Sembcorp Marine’s subsidiary, Sembcorp Marine Rigs & Floaters, won a contract from TechnipFMC to undertake the Engineering, Procurement and Construction of Hull and Living Quarters for a newbuild Floating Production, Storage and Offloading vessel (FPSO). The company did not disclose the price of the deal.

Singapore Business Review previously reported that Energean Oil & Gas (Energean) has handed out a contract worth US$1.36b for the floating production, storage and offloading (FPSO) unit for its proposed Karish gas field development off Israel to TechnipFMC. The news came on the back of Energean’s press release in relation to its US$1.275b bank facility agreement to finance the Karish project.

According to an announcement, the contract includes fabrication and integration of various topside modules, as well as the installation of owner-furnished equipment.

The FPSO’s hull is approximately 227m long and 50m wide, with a total oil storage capacity of 800,000bbls and gas production capacity of 8bcm (billion cubic metres) per annum.

The FPSO is scheduled for completion in the fourth quarter of 2020, and then it will be deployed at the Energean-operated Karish and Tanin deepwater field developments in the Eastern Mediterranean, approximately 90 km offshore Israel.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia