Jurong shipyard inks FPSO conversion

The work involves the conversion of the oil tanker to a FPSO that includes detailed engineering, installation and integration of 16 topside modules, installation of spread mooring and power generation systems, accommodation upgrading as well as extensive piping and electrical cabling works.

Scheduled for delivery in the first quarter of 2012, the converted tanker will be renamed FPSO Petrojarl Cidade de Itajai andwill constitute part of the Tiro e Sidon field development plan. On completion, owner Teekay Petrojarl Production AS will charter the FPSO to Petrobras for nine years with options.

FPSO Petrojarl Cidade de Itajai will be installed in approximately 277m water depth on the Tiro e Sidon Field offshore Brazil. It will be capable of processing at least 80,000 barrels of oil per day and 70.0 MMscfd of production gas, injecting more than 96,000 barrels of water per day and storing 650,000 barrels of oil. In addition, the FPSO is designed to remain on the field for up to 15 years without dry docking.

The new FPSO will be the 12th major FPSO/FPU/FSO/FDPSO conversion project that Sembcorp Marine’s shipyards have undertaken for Petrobras, including

P-62

that is currently undergoing pre-FPSO conversion in Jurong Shipyard.