Sembmarine to land US$490m contract with Statoil
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Singapore
THE rigs and floaters division of Sembcorp Marine is set to land a US$490 million contract, its largest announced contract win tied to an offshore field development this year.
Sembmarine said on Friday that its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters Pte Ltd, has entered into a letter of intent (LOI) with Norway's Statoil for the turnkey delivery of a newbuild FPSO (floating production, storage and offloading vessel) hull and living quarters.
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