Thursday 19 November 2015

Daily Stock News: Sembcorp Marine secured a contract for MODEC Offshore Production Systems

Daily Stocks Update: Sembcorp Marine has reported that its entirely claimed auxiliary, Sembcorp Marine Rigs and Floater has secured an agreement to outline and fabricate another skimming, stockpiling and offloading (FSO) vessel for MODEC Offshore Production Systems, a backup of MODEC.

The agreement denote the bunch's first FSO newbuilding secured on a full turnkey venture premise including Engineering, Procurement, Construction and Commissioning. Upon expected conveyance in 1Q18, the FSO will be sent at Maersk Oil's Culzean field, the biggest new oil and gas field to have been found in the North Sea for 10 years.

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