Japanese company Modec has contracted out the project to build a floating storage and offloading (FSO) vessel for Maersk Oil’s £3billion Culzean gas development in the North Sea.
Singapore’s Sembcorp Marine said it had secured the work to design and build the FSO, with the project being handled by its wholly-owned subsidiary Sembcorp Marine Rigs and Floaters (SMRF).
Scheduled for delivery in the first quarter of 2018, the vessel will be Sembcorp’s first FSO new-build secured on a full turnkey project basis.
The contract, the value of which was undisclosed, covers engineering, procurement, construction and commissioning.
Modec will supply the internal turret and topside modules, which Sembcorp will instal and integrate.
SMRF head William Gu Wei Guang said: “This is our 24th project working with Modec. The FSO will be built using our facilities at Tuas Boulevard Yard (Singapore).”
When completed, the FSO will be used on the largest new oil and gas field to have been discovered in the UK North Sea for a decade.
The new FSO will have receiving capacity for up to 25,000 barrels of condensate a day and storage for up to 350,000 barrels of oil equivalent (boe).
Culzean – about 145 miles off the coast of Aberdeen – has resources estimated at 250-300million boe and is expected to produce enough gas to meet 5% of total UK demand when it hits peak production in 2020/21.
The project is expected to create 400 jobs and support about 6,000 existing roles. First gas is expected in 2019.
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