S'pore yards may be in running for work on Conoco's new FPSO

Singapore

US-BASED ConocoPhillips is within days to locking down a proposed floating production development for the multibillion-dollar Caldita-Barossa gas field off Australia's Northern Territory, which will deliver a much-needed boost to the tender pipeline of Singapore-based offshore and marine players.

ConocoPhillips is said to be fixing its sight on a large floating production, storage and offloading (FPSO) vessel with topsides exceeding 40,000 tonnes. An FPSO is generally made up of a hull and topsides, which include modules for accommodation and production or processing facilities. Industry watchers have tipped Singapore's two major yard groups, Keppel Offshore & Marine and Sembcorp Marine as potential contenders, at least for the topsides fabrication.