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Sembcorp Marine Scores FSO Contract

Shares Investment

Sembcorp Marine has announced that its wholly-owned subsidiary, Sembcorp Marine Rigs and Floater has secured a contract to design and build a new floating, storage and offloading (FSO) vessel for MODEC Offshore Production Systems, a subsidiary of MODEC.

The contract marks the group’s first FSO newbuilding secured on a full turnkey project basis including Engineering, Procurement, Construction and Commissioning. Upon expected delivery in 1Q18, the FSO will be deployed at Maersk Oil’s Culzean field, the largest new oil and gas field to have been discovered in the North Sea for a decade.



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