WorleyParsons Bags FPSO Engineering Deal from Samsung Heavy Industries

Australian-based engineering company WorleyParsons won a contract from Samsung Heavy Industries (SHI) to provide detailed design and engineering for the topsides process modules of the floating production, storage and offloading (FPSO) vessel for a deepwater oil field located offshore Nigeria.

The project will be executed under Nigeria's local content law, under which WorleyParsons will support efforts to engage and invest in local capacity building and development. The expected revenue to WorleyParsons from this contract is over $100 million.

The contract will be executed largely in Lagos, Nigeria in conjunction with a consortium of Nigerian engineering companies, NETCO/DeltaAfrik/IESL, as approved by the Nigerian National Petroleum Company, with technical support from WorleyParsons Melbourne.

The scope of work includes the modularized topsides crude oil processing facilities, natural gas compression facilities, power generation, compression, metering systems, flare systems and various other utilities in support of the overall operation of the FPSO. The topsides’ weight is 34,000 tons.

“We are delighted that SHI has chosen WorleyParsons to deliver this significant FPSO project in Africa. This important award builds on the successful relationship we have with SHI and represents a strong development of our ability to locally support the offshore oil and gas business in West Africa,” WorleyParsons’ Chief Executive Officer Andrew Wood said in a press release.

SHI said the FPSO - ordered from Nigeria for $3 billion - will have a capacity to carry 2.3 million barrels of crude oil, and the facility will be deployed for offshore crude production in the second half of 2017.

Chee Yew has covered the upstream and downstream sectors of the oil and gas industry in Asia for more than 15 years. Email Chee Yew at cheeyew.cheang@rigzone.com

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