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V.Ships Offshore, part of V.Group, has been awarded the contract from Saipem to provide ship management services for sea trial, transit and hook up assistance of Total’s Kaombo Norte and Kaombo Sul FPSOs. The vessels are currently being converted by Saipem in the Sembawang Shipyard in Singapore, the company said in its press release. The high spec FPSOs are acknowledged to be among the most ambitious projects being executed in the energy market. The Kaombo Norte is in the final state of construction and will soon begin sea trials before heading to the Kaombo oil field in Angola. Kaombo Sul (ANTARCTICA) will follow later. V.Group is the leading global marine and offshore vessel management and support services provider, with 3,000 personnel based across 70 offices globally, supporting over 40,000 personnel in marine and offshore roles.

Three months after winning the $4 billion project to supply and operate a pair of FPSOs offshore Angola for Total, Saipem has selected Sembcorp Marine’s Sembawang Shipyard to undertake the S$600 million (USD $483.2 million) project to convert two ~315,000 ton deadweight Very Large Crude Carriers (VLCCs) into two turret-moored FPSOs. The Olympia and Antarctica are currently owned by Euronav and were built in 2008 and 2009, respectively, by Hyundai Heavy Industries. Olympia is expected to enter Sembawang Shipyard in third quarter 2014 while Antarctica, will arrive in 1Q 2015. The scope of work includes refurbishment of the tankers, construction engineering, the fabrication of flare, helideck, upper turret and access structure, integration of the topsides modules (which will be fabricated at Saipem’s Karimun Island Yard) and lower turret components, and pre-commissioning of the FPSOs. The two converted FPSOs will each have an oil treating capacity of 115,000 barrels per day, a water injection capacity of 200,000 barrels per day, a 100 million scfd gas compression capacity and a storage capacity of 1.7 million barrels of oil.

sold to undisclosed buyer 178 Million USD