According to Sembcorp Marine, the entire Whale field FPU topside, like the Vito FPU, will be integrated and commissioned on ground level at Tuas Boulevard Yard to minimize work-at-height risks for the workers. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. The companies awarded by MEA get the opportunity to work closely together with a transnational team of Marine Energy experts on both the technical advancement of their technology, as well as the development of their commercial strategy and business plans. Sembcorp Marine's (Sembmarine) subsidiary Sembcorp Marine Rigs & Floaters Pte. Vito is located 241kilometres south of New Orleans, Louisiana. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. Sembcorp Marine bags Shell's floating production unit contract An artist's impression of the Whale Floating Production Unit (FPU). Sembcorp Marine has emerged victorious for the Shell Vito project. The deepwater oilfield is jointly owned by Shell Offshore (63.11%) and Equinor (formerly Statoil, 36.89%), and operated by Shell Offshore. SINGAPORE (Oct 25): UOB KayHian is keep its ratings for Sembcorp Marine unchanged for now despite reports the yard had won the Shell Vito project. The deepwater field is operated by Shell (60%), which is partnered by Chevron U.S.A. (40%). Shell Vito. Shell executed a contract with Sembcorp Marine subsidiary Sembcorp Marine Rigs & Floaters for the construction of the hull and topsides, as well as the integration of the Vito FPU. Sembcorp Marine Ltd( SHELL VITO Project ) Apr 2020 - Present 10 months. Other than the Whale and Vito FPUs, Sembcorp Marine’s project track record in the Gulf of Mexico includes previous deliveries of eight semi-submersible drilling rigs and one semi-submersible hull. “We are very grateful to Shell for recognising our yard capabilities and entrusting us with the Whale FPU project, which comes after our successful bid for the Shell Vito FPU last year,” Sembcorp Marine Head of Rigs & Floaters William Gu said. Located in more than 4,000 ft water depth over four blocks in the Mississippi Canyon area, approximately 150 miles southeast of New Orleans, the development will consist of eight subsea wells with 18,000-ft in-well gas lift. It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp Marine’s Tuas Boulevard Yard, the builder said. The deepwater oilfield is jointly owned by Shell Offshore (63.11%) and Equinor (formerly Statoil, 36.89%), and operated by Shell Offshore. It has secured both the fabrication and integration contracts for the project, beating its Korean and Chinese competition. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. Sembcorp on Monday shared that the Vito contract covers installation of Shell-furnished equipment, and follows a Letter of Intent between the two parties announced on December 5, 2017. It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp Marine’s Tuas Boulevard Yard. The Whale FPU construction and integration project is not expected to have a material impact on the net tangible assets per share and earnings per share of Sembcorp Marine for the year ending Dec 31, 2019. The agreement is subject to final investment decision for the full Whale project, expected to be made next year by Shell. Vito. Whale FPU will take advantage of synergies from ongoing Shell Vito FPU project secured last year; Topside and hull will be delivered in 2022 from Tuas Boulevard Yard as a single integrated structure, facilitated by the yard’s 30,000-tonne lifting capacity Sembcorp Marine Rigs & Floaters Pte. Management also appeared to be confident of order pipeline although competition remains stiff. 23 May 2018 Singapore’s Sembcorp Marine Ltd has won a contract by Shell to construct and integrate the hull, topsides and living quarters of the Vito semi-submersible Floating Production Unit (FPU). No formal value was provided in the reports but total contract value is estimated at US$1.25 billion (S$1.7 billion). Ltd. signed a letter of intent (LOI) with Shell for the construction of a Vito floating production unit (FPU). SINGAPORE– Shell Offshore Inc. has commissioned Sembcorp Marine Rigs & Floaters Pte. For the PDF version of this announcement, please, Singapore Hub and Supporting Yards (Indonesia), Leveraging a Resource Recovery Opportunity. If sanctioned, the Vito FPU will be a new facility in the Mississippi Canyon in the US Gulf of Mexico, and will operate at water depths of 4,050 feet. Sembcorp on Monday shared that the Vito contract covers installation of Shell-furnished equipment, and follows a Letter of Intent between the two parties announced on December 5, 2017. Shell has picked Sembcorp Marine to build the hull and topsides of a vessel destined for the Gulf of Mexico. “With our state-of-the-art 30,000-tonne cranes at Tuas Boulevard Yard, we can assemble the Whale FPU topside into a mega-block and combine it with the hull efficiently in one single lift,” Mr Gu said, adding that the yard’s enormous lifting capacity is becoming a winning differentiator for Sembcorp Marine’s project execution. It is currently scheduled to begin producing oil in 2021. In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico. Notes to Editors To download a high-resolution image of the Whale FPU, please click here. Currently, Sembcorp is building Shell Vito FPU at its Tuas Boulevard Yard in Singapore. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. The leading global oil, gas and energy news resource. SINGAPORE– Sembcorp Marine Ltd. subsidiary Sembcorp Marine Rigs & Floaters Pte. It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp … Offshore installation activities are scheduled for 2020 and 2021. It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp … The final contract award hinges on Shell and partners sanctioning the project. Key takeaway from briefing: Shell Vito project’s margin could be as good as repair/conversion (c.15%) as equipment are supplied by the owners. In May 2019, Sembcorp Marine won a construction and integration contract from Shell for the Vito semi-submersible FPU. The FPU is slated for … Shell, which took a final investment decision (FID) on Vito in 2018, … The agreement precedes a final investment decision (FID) for the full Whale project, expected to be made next year by Shell. SINGAPORE– Sembcorp Marine Ltd. subsidiary Sembcorp Marine Rigs & Floaters Pte. The Vito development is owned by Shell Offshore (63.11% operator) and Statoil USA E&P Inc. (36.89%); the field is located beneath more than 4,000 feet of water, approximately 150-miles southeast of New Orleans. Mon Sep 21. Shell Vito believed worth more than $1B. Like the Vito FPU, the entire Whale FPU topside will be integrated and commissioned on ground level at Tuas Boulevard Yard in order to minimise work-at-height risks for the workers. Eg Johan Castberg FPSO worth $490m. If the project moves forward, the Vito FPU will be a new facility located in the Mississippi Canyon, approximately 150 miles south of New Orleans, Louisiana, USA, in water depth of 4,050 ft. Ltd. has won a contract from Shell Offshore Inc. to build and integrate the topside and hull of a floating production unit (FPU) for the Whale field in the Gulf of Mexico (GoM) on Nov. 1. Vito will be Shell’s 11th deepwater host in the GOM. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project … Mechanical Completion Manager of Shell Vito Sembcorp Marine Ltd July 2019 – Present 3 months. The Whale FPU comprises a topside module and a four-column semi-submersible floating hull, with a combined weight of 25,000 tonnes. https://gcaptain.com/sembcorp-marine-awarded-vito-fpu-contract-from-shell This contract paves the way for the Whale project to move ahead and take advantage of synergies from the ongoing Shell Vito semi, currently under construction at Sembcorp … Group turnover for 4Q 2019 was at $624 million with percentage recognition from drill ship & floater projects, mainly the two Transocean drill ships, Shell Vito, Johan Castberg and the Karish FPSO newbuilds. The company plans to leverage synergies from this ongoing project for the Whale FPU. Other than the Whale and Vito FPUs, Sembcorp Marine’s project track record in the Gulf of Mexico includes previous deliveries of eight semi-submersible drilling rigs and one semi-submersible hull. Vito will be Shell’s 11th deep-water project in the area. The Vito development is owned by Shell Offshore (63.11% operator) and Equinor USA E&P Inc. (36.89%). Located over four blocks in the Mississippi Canyon area of the Gulf of Mexico, the Vito development will consist of eight subsea wells with deep (18,000 feet) in-well gas lift. Likewise Karish hull coming from China to megayard for integration. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. The agreement precedes a final investment decision (FID) for the full Whale project, expected to be made next year by Shell. Shell Vito and also Technip Karish FPSO. Vito deepwater oilfield is located 241km south-east of New Orleans, in the Mississippi Canyon area of the Gulf of Mexico, US, in 4,000ft of water depth. Ltd. has signed a letter of intent (LoI) with Shell Offshore Inc. for the construction of the hull and topsides as well as the integration of the Vito floating production unit (FPU).. Other than the Whale and Vito FPUs, Sembcorp Marine’s project track record in the Gulf of Mexico includes previous deliveries of eight semi-submersible drilling rigs and one semi-submersible hull. We are fully committed to executing and delivering the project safely and efficiently.”. Royal Dutch Shell’s subsidiary Shell Offshore operates the Vito deepwater project and holds a majority working interest of 63.11%, while the remaining 36.89% interest is held by Statoil USA E&P, a subsidiary of Statoil. Ltd. has signed a letter of intent (LoI) with Shell Offshore Inc. for the construction of the hull and topsides as well as the integration of the Vito floating production unit (FPU).. Shell has picked Sembcorp Marine to build the hull and topsides of a vessel destined for the Gulf of Mexico. Singapore Commissioning Technician ( Mechanical ) Sembcorp Marine Ltd ( Heerema Sleipnir Project ) Oct 2018 - Apr 2019 7 months. Sembcorp Marine Secures FPU Construction and Integration Contract for Shell’s Whale Field Development in Gulf of Mexico Whale FPU will take advantage of synergies from ongoing Shell Vito FPU project secured last year The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. Read more about Vito Supported by the Vito FPU’s 4-column semi-submersible hull, the topsides weigh 9,200 tonnes and are designed to produce 100,000 bpd of oil and 100 MMSCFD of gas. No formal value was provided but total contract value is estimated at US$1.25b. Read more about Vito Shell has explained that Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting, and topsides design. In April 2018 Shell took the final investment decision to develop the Vito deep-water project in the US Gulf of Mexico. It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp Marine’s Tuas Boulevard Yard. Vito will be Shell’s 11th deepwater host in the GOM. Current Megayard is quite full with modules for Johan Castberg arriving for integration. Artist’s impression of the Whale Floating Production Unit (FPU), Analysts’ enquiries Ms Lisa Lee Head of Investor Relations DID: +65 6971 7042 Email: lisa.lee@sembmarine.com, Media enquiries Mr David Wong Head of Corporate Communications DID: +65 6971 7039 Email: david.wong@sembmarine.com. Slated for completion in 2022, it will operate in the Alaminos Canyon Block 772. The final contract award hinges on Shell and partners sanctioning the project. The Vito host will be located at a water depth of 1,234m in the Mississippi Canyon Block 984 in the Gulf of Mexico, 241km south of New Orleans, Louisiana, in the US. The agreement is subject to final investment decision for the full Whale project, expected to be made next year by Shell. “With a lower-cost developmental approach, the Vito project is a very competitive and attractive opportunity industry-wide,” said Andy Brown, Shell Upstream Director. Likewise Karish hull coming from China to megayard for integration. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project in the area. Ltd. has won a contract from Shell Offshore Inc. to build and integrate the topside and hull of a Floating Production Unit (FPU) for the Whale field in the Gulf of Mexico. Ltd. has signed a Letter of Intent (LOI) with Shell Offshore Inc. (“Shell”) for the construction of the hull and topside as well as the integration of the Vito floating production unit (FPU). Shell Vito believed worth more than $1B. Eg Johan Castberg FPSO worth $490m. “We are delighted that Shell has awarded the Vito FPU contract to us. In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico. Mechanical Completion Manager of Shell Vito Sembcorp Marine Ltd July 2019 – Present 3 months. Vito is a potential new hub for the Gulf of Mexico region, Shell reported earlier this year. Sembcorp Marine (SMM SP) - UOB Kay Hian 2017-10-23: Emerges Victorious For Vito Project. contract is dependent on Shell and its partners sanctioning the project. They included the two Transocean drill ships, the Shell Vito floating production unit (FPU), the Johan Castberg floating production, storage and offloading vessel (FPSO) and the Karish FPSO projects. Offshore staff. Whale FPU will take advantage of synergies from ongoing Shell Vito FPU project secured last year, Topside and hull will be delivered in 2022 from Tuas Boulevard Yard as a single integrated structure, facilitated by the yard’s 30,000-tonne lifting capacity. The FPU is being made for Shell’s Whale field development, with the agreement coming ahead of a final investment decision to be made next year by Shell for the full project. Key takeaway from briefing: Shell Vito project’s margin could be as good as repair/conversion (c.15%) as equipment are supplied by the owners. Sembcorp is constructing the Vito FPU at its Tuas Boulevard Yard in Singapore. William Gu, Sembcorp Marine Senior Vice President and Head of Rigs & Floaters, said, “We are delighted that Shell has awarded the Vito FPU contract to … The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. Order win is key catalyst. Sembcorp Marine has emerged victorious for the Shell Vito project. ... Reenova applies for full mining licence for Madagascar rare earth project. No formal value was provided but total contract value is estimated at US$1.25b. William Gu, Sembcorp Marine Senior Vice President and Head of Rigs & Floaters, said: “We are delighted that Shell has awarded the Vito FPU contract to us. SINGAPORE -Sembcorp Marine Rigs & Floaters has won a contract from Shell Offshore to build and integrate the topside and hull of a floating production unit … Average peak production is estimated to reach approximately 100,000 barrels of oil equivalent per day. Whale FPU will take advantage of synergies from ongoing Shell Vito FPU project secured last year; Topside and hull will be delivered in 2022 from Tuas Boulevard Yard as a single integrated structure, facilitated by the yard’s 30,000-tonne lifting capacity Sembcorp Marine Rigs & Floaters Pte. In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico with a forward looking break-even price estimated to be less than $35 per barrel. It has secured both the fabrication and integration contracts for the project, beating its Korean and Chinese competition. It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp Marine’s Tuas Boulevard Yard, the builder said. Maintain Add and TP of S$2.52. This contract includes installation of Shell-furnished equipment, and follows aletter of intent between the two parties announced on Dec. 5, 2017. The completed FPU topside will then be raised and attached to a 51-metre tall hull, using a pair of gantry cranes that can lift up to 30,000 tonnes. Vito will be comprised of a single topside module supported by a four-column semisubmersible floating hull, and have throughput capacity of 100,000 bo/d and 100 MMscf/d. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. Sembcorp is constructing the Vito FPU at its Tuas Boulevard Yard in Singapore. Offshore staff. Order win is key catalyst. Read More This decision sets in motion the construction and fabrication of a new, simplified host design and subsea infrastructure, Shell said in a statement on Tuesday.
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