Jurong Shipyard Completes FPSO Fluminense

Jurong Shipyard Pte Ltd, a subsidiary of SembCorp Marine has achieved construction completion of the 356,400 dwt Floating Production Storage Offloading (FPSO) Fluminense on schedule to MODEC International LLC.

MODEC International LLC and client SHELL International, Exploration & Production congratulated the shipyard for outstanding performance and in meeting the very tight and challenging delivery schedule.

Mr. Shashank Karve, President and CEO of MODEC International said "Jurong Shipyard's strong management commitment and teamwork are highly commendable and have contributed tremendously to the successful completion of the project on schedule. Despite the very tight schedule, the extensiveness and many challenges faced by the project teams from Jurong Shipyard, MODEC and SHELL, I am very pleased to note that they have worked well and brought about the successful completion of the project."

Said Mr. Tan Kwi Kin, President of SembCorp Marine and Chairman of Jurong Shipyard Pte Ltd, "The successful conversion of the FPSO Fluminense marks another milestone for Jurong Shipyard and strengthens the long-standing relationship the shipyard has with MODEC. Having worked with MODEC on six previous conversion projects, we have come to understand MODEC's stringent requirements in safety, project execution and work quality." Mr. Tan further added "the delivery of this conversion project reinforces the confidence MODEC has in our ship conversion expertise, the quality work, safety standards and our ability to work with MODEC and their customers to deliver the projects on schedule."

FPSO Fluminense

Measuring 363m x 61m x 29m, the 356,400 dwt FPSO Fluminense has a production capacity of 81,000 barrels of oil per day and a storage capacity of 1.2 million barrels of oil. The conversion of this Ultra Large Crude Carrier (ULCC), Ex-Sahara to the present FPSO Fluminense involved significant steel renewal and strengthening, extensive coating and cathodic protection, the installation of process skids, helideck, metering system, flare tower, deck cranes and upgrading of the accommodation. Over 300,000 square meters of the ULCC's cargo tanks were grit blasted and coated. The completed FPSO is also fitted with the world's largest external turret mooring system weighing 1300 tons. The FPSO will serve under a lease to SHELL Brazil Ltda in the Bijupira and Salema Oilfields at the Campos Basin offshore Brazil, some 145 km from Macae. The FPSO is slated to receive the first oil early third quarter 2003 and will operate at a water depth of between 780 to 880 meters.

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