The final investment on the deepwater project was taken by Shell in … Shell Vito and also Technip Karish FPSO. 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. 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. “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. Maintain Add and TP of S$2.52. 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 agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. 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. In April 2018 Shell took the final investment decision to develop the Vito deep-water project in the US Gulf of Mexico. Shell Vito and also Technip Karish FPSO. Artist’s impression of the Whale Floating Production Unit (FPU), Analysts’ enquiries Ms Lisa Lee Head of Investor Relations DID: +65 6971 7042 Email: [email protected], Media enquiries Mr David Wong Head of Corporate Communications DID: +65 6971 7039 Email: [email protected] The final contract award hinges on Shell and partners sanctioning the project. Sembcorp Marine has emerged victorious for the Shell Vito project. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. 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. ... Reenova applies for full mining licence for Madagascar rare earth project. In May 2019, Sembcorp Marine won a construction and integration contract from Shell for the Vito semi-submersible 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. The agreement is subject to final investment decision for the full Whale project, expected to be made next year by Shell. Project management and engineering will take place in Houston, and Subsea 7’s Glasgow-based Pipeline Group will provide assistance. 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 … The leading global oil, gas and energy news resource. Eg Johan Castberg FPSO worth $490m. Eg Johan Castberg FPSO worth $490m. 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. The company plans to leverage synergies from this ongoing project for the Whale FPU. 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. The deepwater field is operated by Shell (60%), which is partnered by Chevron U.S.A. (40%). And integration contracts for the Gulf of Mexico singapore– Shell Offshore ( %... 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