Keppel Singmarine Secures Contract for FSO Vessel

December 18, 2006

World Energy Reports LLC.
Keppel Singmarine Pte Ltd (Keppel Singmarine) has clinched a $87.2m contract to build a Floating Storage Offloading system (FSO) unit for LUKOIL –NIZHNEVOLZHSKNEFT (LUKOIL-NVN), a subsidiary of the Russian oil company, LUKOIL Oil Company. The 28,000 tons (dwt) Ice-Class FSO is a new design by Marine Technology Development Pte Ltd (MTDTM), the design arm of Keppel Singmarine.

The MTD13028FSO-IC FSO is designed with provisions for forecastle deck structure for single point mooring, with double bottom and double sides, with habitable deckhouse and Cargo Oil Control Station (COCS), machinery space and helipad in the aft of the vessel. She is meant for uninterrupted services in receiving crude oil from a stationary production platform through single buoy mooring system, storage of oil on board and finally offloading of oil to shuttle tankers. The growing demand for oil and gas all over the world has encouraged Russian energy sector to expand its oil and gas development, production and exports. Scheduled for delivery in the first quarter of 2009, the non-propelled FSO unit will be deployed to the Caspian Sea where it will receive and store incoming crude oil and offload it to shuttle tankers.

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Related company: » Lukoil Oil Company