Sembcorp secures IGTC contract

Sembcorp Marine in Singapore is pleased to announce the award of an evergreen favoured customer contract (FCC) from International Gas Transportation Company Limited (IGTC) to provide repairs, upgrades and other marine services for its fleet of LNG ships which are operated by North West Shelf Shipping Service Company Pty Ltd (NWSSSC) on behalf of the North West Shelf Venture participants, BHP Billiton

Petroleum Pty Ltd, BP Australia Shipping Pty Ltd, Chevron Australia Transport Pty Ltd, Japan Australia LNG (MIMI) Downstream Services Pte Ltd, Shell Development (Australia) Pty Ltd and Woodside Petroleum Holdings Pty Ltd. This contract signifies the first time that a major LNG operator has committed to an evergreen long-term maintenance and refit contract.

At a time when Singapore is preparing itself to be a major hub in the LNG sector, the selection of Sembcorp Marine as the evergreen partner of IGTC, is a great boost to Singapore?s marine and offshore industry and reinforces Sembcorp Marine?s global leadership position in the highly specialised LNG carriers? repairs, upgrading and life extension work.

With the signing of this evergreen FCC contract, six Venture-owned Moss-Rosenberg LNG carriers and one membrane LNG carrier are scheduled to undergo major refits and regular maintenance in Sembcorp Marine’s Sembawang Shipyard and Jurong Shipyard from 2009.