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Ezra bags USD 110m turret mooring system award from Jurong for Libra field-bound FPSO

12th January 2015

London Marine Consultants (LMC), Ezra Holding’s floating production, storage and offloading (FPSO) turret design outfit, has been awarded a USD 110m contract by Sembcorp Marine’s subsidiary Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field’s Extended Well Test (EWT) FPSO vessel

Ezra bags USD 110m turret mooring system award from Jurong for Libra field-bound FPSO
The Libra oilfield is a large, ultra-deepwater (up to 2,500 metres) oil prospect located in the Santos Basin, about 230-kilometres off the coast of Rio de Janeiro, Brazil, north of Tupi field

LMC scope of supply includes engineering, procurement and construction (EPC) of the complete external turret. LMC will also design the mooring lines, analyse the risers and provide engineering support for integration of the turret and swivel stack onto the FPSO at Jurong Shipyard.

“This contract highlights our diverse capabilities in the offshore oil and gas industry,” said Lionel Lee, CEO and managing director of Ezra Holdings Limited. “We acquired LMC back in 2008 to enhance our engineering capabilities for the offshore oil and gas value chain, and this has enabled more business opportunities for us.”

OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore, awarded a contract to Jurong Shipyard for conversion of the Navion Norvegia shuttle tanker to form the Libra EWT FPSO. This joint venture company will own and operate the FPSO, chartering it to Petrobras for twelve years, excluding options.

“We are very excited about this opportunity to work with Jurong Shipyard, OneSubsea, OOGTK and, of course, Petrobras on this very important project,” added Lee.

Engineering and project management are currently underway in the group’s London office, with turret fabrication planned at Triyards in Vietnam, another subsidiary of Ezra Holdings.

Under a sub-contract from LMC, OneSubsea will manufacture an advanced swivel stack in Norway, with six swivels, including two high pressure (550 bar) gas injection swivels, in time for integration of the complete turret onto the FPSO in the first quarter of 2016.

The Libra oilfield is a large, ultra-deepwater (up to 2,500 metres) oil prospect located in the Santos Basin, about 230-kilometres off the coast of Rio de Janeiro, Brazil, north of Tupi field.  The oilfield is estimated to contain recoverable resources ranging between eight billion to 12 billion barrels of oil and is one of the largest deepwater oil accumulations globally.

 

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