Felicia Tan Published on Wed, Jun 30, 2021

Sembcorp Marine (SembMarine) has secured an amendment contract from Tupi B.V. on June 30 valued at $175 million ($230 million).

The contract was signed by SembMarine’s wholly-owned subsidiary, Estaleiro Jurong Aracruz (EJA).

The contract will see SembMarine conduct modification work to be completed on the floating production storage and offloading (FPSO) P-71 oil and gas vessel.

The FPSO P-71 will undergo modification and integration at EJA for deployment at Itapu field.

EJA’s scope of work includes modification of existing systems and integration of additional systems to the vessel.

The vessel is expected to be delivered in the last quarter of 2022.

“Our EJA Yard, noted to be one of the largest and most advanced yards in Brazil for offshore products and solutions, is strategically located on the east coast of Brazil to service field developments in the Atlantic, Gulf of Mexico and West African sectors. This project provides an opportunity to showcase EJA’s capabilities to undertake large scale and complex engineering projects with quick design adaptation and superior subsea layout,” says Guhan Thangavelu, president of EJA.

“We thank Tupi B.V. and its partners for choosing Sembcorp Marine and the EJA team to deliver another floater to augment its world-class assets for deployment in deep and ultra-deep waters. Amid the pandemic-induced challenges, we remain committed to the safe and timely execution of the project,” he adds.

Shares in SembMarine closed 1.1 cents lower or 8.4% down at 12 cents on June 30.