SembMarine inks US$166 mil agreement with Teekay Offshore for works on Petrojarl Varg FPSO

SINGAPORE (Oct 22): Sembcorp Marine says that its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters, has signed an agreement with Varg, a wholly-owned company of Teekay Offshore Partners, for engineering, procurement and construction works related to the modification, repair and life extension of the Petrojarl Varg FPSO.

The contract, once finalised, is expected to be worth about US$166 million ($229 million).

According to the agreement, SembMarine’s work scope includes detailed engineering, fabrication, installation and integration of the topside process skid; overhauling of existing internal turret and power generation; and repair and life extension of the vessel’s hull, tanks and various systems onboard.

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