Jurong Shipyard, Singapore, has secured US$132 million contract to convert the Very Large Crude Carrier (VLCC) tanker, the ‘PSVM’ (ex ‘Bourgogne’), to a Floating Production Storage and Offloading (FPSO) vessel for MODEC.
This conversion contract involves the installation of an external turret mooring system and process facilities, which include gas turbine generators, oil separation, gas injection / gas lift and water injection system. The vessel is scheduled for delivery to MODEC in early 2011. The FPSO is designed to operate for 20 years without dry-docking and it will have production capacity of 150,000 barrels of oil per day and a storage capacity of 1,600,000 barrels of oil. The FPSO will be delivered to BP for deployment in the Plutão, Saturno, Vênus and Marte Fields in Block 31 offshore Angola, located in water depths of between 1,500 and 2,500 metres.
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