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. The Whale FPU comprises a topside module and a four-column semi-submersible floating hull, with a combined weight of 25,000 tonnes. SINGAPORE– Sembcorp Marine Ltd. subsidiary Sembcorp Marine Rigs & Floaters Pte. 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 … No formal value was provided in the reports but total contract value is estimated at US$1.25 billion (S$1.7 billion). Shell Vito and also Technip Karish FPSO. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project in the area. Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and is currently scheduled to begin producing oil in 2021. Offshore staff. Mechanical Completion Manager of Shell Vito Sembcorp Marine Ltd July 2019 – Present 3 months. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Singapore Commissioning Technician ( Mechanical ) Sembcorp Marine Ltd ( Heerema Sleipnir Project ) Oct 2018 - Apr 2019 7 months. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. Sembcorp Marine's (Sembmarine) subsidiary Sembcorp Marine Rigs & Floaters Pte. SCM winning all the projects from Korea last 2-3 yrs. 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. The agreement is subject to final investment decision for the full Whale project, expected to be made next year by Shell. No formal value was provided but total contract value is estimated at US$1.25b. 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. Currently, Sembcorp is building Shell Vito FPU at its Tuas Boulevard Yard in Singapore. Vito. Maintain Add and TP of S$2.52. https://gcaptain.com/sembcorp-marine-awarded-vito-fpu-contract-from-shell SINGAPORE– Shell Offshore Inc. has commissioned Sembcorp Marine Rigs & Floaters Pte. ... Reenova applies for full mining licence for Madagascar rare earth project. Air Comfort Group has announced that Sembcorp Marine of Singapore has awarded a contract to Air Comfort Group for the HVAC equipment design and fabrication for the Shell Vito deepwater living quarters, warehouse, and lab. The final contract award hinges on Shell and partners sanctioning the project. 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. According to the company, Vito is expected to reach peak production of approximately 100,000 barrels of oil equivalent (boe) per day. 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. 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. Notes to Editors To download a high-resolution image of the Whale FPU, please click here. The deepwater field is operated by Shell (60%), which is partnered by Chevron U.S.A. (40%). Average peak production is estimated to reach approximately 100,000 barrels of oil equivalent per day. “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. 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. 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. Average peak production is estimated to reach approximately 100,000 barrels of oil equivalent per day. 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 for the full Whale project, expected to be made next year by Shell. 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. Likewise Karish hull coming from China to megayard for integration. Offshore staff. 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. 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. 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 deepwater host in the GOM. 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). We’ll provide commissioning and start-up – which will take place in Singapore. In April 2018 Shell took the final investment decision to develop the Vito deep-water project in the US Gulf of Mexico. 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. Each service offer is intended to put the company’s technology and business firmly on the […], Shell extends topside maintenance deal with Dayang, TMC to supply topside compressors for Shell’s Bonga FPSO, Carnival to cut emissions with Shell’s carbon-neutral marine lubricants, Offshore Energy 2020: Matchmaking Programme, Shell awards Vito topsides deal to Sembcorp Marine, Shell in April made a Final Investment Decision. 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. It has secured both the fabrication and integration contracts for the project, beating its Korean and Chinese competition. Eg Johan Castberg FPSO worth $490m. The Vito development is owned by Shell Offshore (63.11% operator) and Equinor USA E&P Inc. (36.89%). 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. 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. Shell has picked Sembcorp Marine to build the hull and topsides of a vessel destined for the 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 … 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). 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. 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. 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. No formal value was provided but total contract value is estimated at US$1.25b. Eg Johan Castberg FPSO worth $490m. Shell Vito. Mon Sep 21. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. Vito is located 241kilometres south of New Orleans, Louisiana. Sembcorp Marine senior vice president William Gu said: “We are delighted that Shell has awarded the Vito FPU contract to us. For the PDF version of this announcement, please, Singapore Hub and Supporting Yards (Indonesia), Leveraging a Resource Recovery Opportunity. 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. The leading global oil, gas and energy news resource. This compares with the $913 million revenue booked in 4Q 2018. Sembmarine confirms Shell Vito prize Singapore-based fabricator confirms award of letter of intent for planned Gulf of Mexico project 5 December 2017 9:35 GMT Updated 5 December 2017 9:35 GMT 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 … It is currently scheduled to begin producing oil in 2021. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project in the area. The agreement precedes a final investment decision (FID) for the full Whale project, expected to be made next year by Shell. Sembcorp Marine Ltd( SHELL VITO Project ) Apr 2020 - Present 10 months. 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. Vito is a potential new hub for the Gulf of Mexico region, Shell reported earlier this year. Read more about Vito Sembcorp Marine (SMM SP) - UOB Kay Hian 2017-10-23: Emerges Victorious For Vito Project. The Whale project is operated by Shell (60%) and co-owned by Chevron U.S.A. Inc. (40%). 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. The Whale project is operated by Shell (60%) and co-owned by Chevron U.S.A. Inc. (40%). 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. Sembcorp Marine, Shell Offshore, Floating Production Unit (FPU), Shell Vito, Vito floating production unit ... Sembcorp Marine secures contract to construct & integrate Shell Offshore's Vito FPU. 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. Vito will be Shell’s 11th deep-water project in the area. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. The final contract award hinges on Shell and partners sanctioning the project. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. Shell Invests in the Vito Development in the Gulf of Mexico On April 24, 2018, Shell announced the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35 per barrel*. The agreement is subject to final investment decision for the full Whale project, expected to be made next year by Shell. The FPU is slated for … 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. For the PDF version of this announcement, please click here. Sembcorp is constructing the Vito FPU at its Tuas Boulevard Yard in Singapore. In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico. The agreement precedes a final investment decision (FID) for the full Whale project, expected to be made next year by Shell. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. Sembcorp Marine has emerged victorious for the Shell Vito project. We are fully committed to executing and delivering the project safely and efficiently.”. 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. Read More Shell, which took a final investment decision (FID) on Vito in 2018, … Vito. Vito will be Shell’s 11th deepwater host in the GOM. In May 2019, Sembcorp Marine won a construction and integration contract from Shell for the Vito semi-submersible FPU. 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. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project … 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).. Vito will be Shell’s 11th deep-water project in the area. “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. Likewise Karish hull coming from China to megayard for integration. Offshore installation activities are scheduled for 2020 and 2021. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. 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. Current Megayard is quite full with modules for Johan Castberg arriving for integration. Sembcorp Marine bags Shell's floating production unit contract An artist's impression of the Whale Floating Production Unit (FPU). 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. Order win is key catalyst. contract is dependent on Shell and its partners sanctioning the project. Ltd. signed a letter of intent (LOI) with Shell for the construction of a Vito floating production unit (FPU). Maintain Add and TP of S$2.52. 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 has emerged victorious for the Shell Vito project. Shell has picked Sembcorp Marine to build the hull and topsides of a vessel destined for the Gulf of Mexico. Sembcorp is constructing the Vito FPU at its Tuas Boulevard Yard in Singapore. 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 … Shell Vito believed worth more than $1B. This contract includes installation of Shell-furnished equipment, and follows aletter of intent between the two parties announced on Dec. 5, 2017. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. Sembcorp Marine (SMM SP) - UOB Kay Hian 2017-10-23: Emerges Victorious For Vito Project. Sembcorp Marine Rigs & Floaters Pte. Shell Vito believed worth more than $1B. Project management and engineering will take place in Houston, and Subsea 7’s Glasgow-based Pipeline Group will provide assistance. 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 Ltd. to construct and integrate the hull, topsides, and living quarters of the Vito semisubmersible floating production unit (FPU).. Shell Vito and also Technip Karish FPSO. Mechanical Completion Manager of Shell Vito Sembcorp Marine Ltd July 2019 – Present 3 months. 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. Slated for completion in 2022, it will operate in the Alaminos Canyon Block 772. 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. 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. The company plans to leverage synergies from this ongoing project for the Whale FPU. 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). SINGAPORE– Sembcorp Marine Ltd. subsidiary Sembcorp Marine Rigs & Floaters Pte. 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 … Management also appeared to be confident of order pipeline although competition remains stiff. 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. In April 2018 Shell took the final investment decision to develop the Vito deep-water project in the US Gulf of Mexico. Vito is a deep-water development in the U.S. Gulf of Mexico for which Shell in April made a Final Investment Decision, with the break-even price estimated to be less than $35 per barrel. 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. Management also appeared to be confident of order pipeline although competition remains stiff. 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. 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. 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. 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).. 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. 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. 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. 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. According to an announcement, Sembmarine will be in charge of the construction of the hull and the topside and the integration of the FPU. Vito is a deep-water development in the U.S. Gulf of Mexico for which Shell in April made a Final Investment Decision, with the break-even price estimated to […] Singapore, Nov 1, 2019 – Sembcorp Marine Rigs & Floaters Pte. 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. 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. 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 … Shell Vito. In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico. SEMBCORP Marine Rigs & Floaters has won a contract from Shell Offshore to build and integrate the topside and hull of a floating production unit (FPU) in the Gulf of Mexico. Offshore staff. 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. 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. The deepwater oilfield is jointly owned by Shell Offshore (63.11%) and Equinor (formerly Statoil, 36.89%), and operated by Shell Offshore. Order win is key catalyst. It has secured both the fabrication and integration contracts for the project, beating its Korean and Chinese competition. Current Megayard is quite full with modules for Johan Castberg arriving for integration. 3. 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. “With a lower-cost developmental approach, the Vito project is a very competitive and attractive opportunity industry-wide,” said Andy Brown, Shell Upstream Director. 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. “We are delighted that Shell has awarded the Vito FPU contract to us. Read More It is currently scheduled to begin producing oil in 2021. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. SCM winning all the projects from Korea last 2-3 yrs. Singapore, 5 December 2017: Sembcorp Marine Ltd (the “Group”) is pleased to announce that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters Pte. 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. Read more about Vito The deepwater oilfield is jointly owned by Shell Offshore (63.11%) and Equinor (formerly Statoil, 36.89%), and operated by Shell Offshore. The final investment on the deepwater project was taken by Shell in … The development currently has an estimated, recoverable resource of 300 million boe. Vito is a potential new hub for the Gulf of Mexico region, Shell reported earlier this year. , with a combined weight of 25,000 tonnes project safely and efficiently. ” FPU comprises a topside and! And Equinor USA E & P Inc. ( 36.89 % ) order pipeline although competition remains.... 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