SMOE wins Culzean $1-billion contract

ABERDEEN, September 1, 2015 – Singaporean contractor SMOE, a subsidiary of Sembcorp Marine, announced in a Monday press release that it had won a contract worth $1 billion from Danish operator Maersk to build three topsides in the Culzean gasfield, located in the UK’s North Sea.

The $1-billion engineering, procurement and construction contract spans the building of a central processing facility, wellhead platforms, living quarters and connecting bridges.

The topsides will, for the most part, be constructed in Sembcorp’s yard in Singapore and finished in the Sembmarine SLP yard in Lowestoft, UK. Once completed, they will be installed at a water depth of 90 metres.

The award follows the announcement that Maersk had received final permission from UK authorities to develop the Culzean field. The company’s $4.5-billion plan aims to see production at the ultra-high-pressure and high-temperature gasfield begin in 2019, with output set to reach 60,000-90,000 barrels of oil equivalent per day by 2020, equivalent to about 5 percent of the UK’s total gas consumption.

“We are pleased to secure this mega contract despite stiff competition from world class yards. This is another prestigious North Sea project undertaken by the company where we will work closely with our UK subsidiary Sembmarine SLP as a team,” Sembcorp Marine’s executive vice-president Ho Nee Sin said in the press release.

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