Singapore’s Sembcorp Marine has announced that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters Pte. Ltd. has signed an agreement with Varg L.L.C., a wholly-owned subsidiary of Teekay Offshore Partners L.P., for engineering, procurement and construction works related to the modification, repair and life extension of the Petrojarl Varg FPSO.
Scheduled for completion in July 2020, the work scope includes detailed engineering, fabrication, installation and integration of the topside process skid, overhauling of existing internal turret and power generation, and repair and life extension of the vessel’s hull, tanks and various systems on-board. Once finalised, the contract is estimated to be worth US$166m.
The Petrojarl Varg FPSO will be operated by Alpha Petroleum Resources Limited for deployment at the Cheviot field development and the Peel satellite accumulation, both of which are located within the UK Continental
Shelf Blocks 2/10B, 2/15A and 3/11B in the North Sea.