London Marine Consultants win $110m contract for deepwater project in Brazil

Posted on 14 Jan 2015 by Tim Brown

London Marine Consultants has been awarded a 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 for use in Brazil.

A recent Turret contract delivered by London Marine Consultants. Image courtesy of LMC
A recent Turret contract delivered by London Marine Consultants. Image courtesy of LMC.

London Marine Consultants (LMC), which is a wholly owned subsidiary of Singapore-based Ezra Holdings, is a provider of floating production, storage and offloading turret designs to the oil and gas industry.

The Libra oil field 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. The oil field estimated to contain recoverable resources ranging between eight to 12 billion barrels of oil and is one of the largest deepwater oil accumulations globally.

The oil field, which is 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.

LMC’s 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.

“With a twenty year history as a proven supplier of advanced turret mooring systems, this project is a great opportunity for LMC to strengthen its position and move into the challenging deep water market of Brazil,” commented Tim Wood, Managing Director of London Marine Consultants. “We are very excited about this opportunity to work with Jurong Shipyard, One Subsea, OOGTK and Petrobras on this very important project.”

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 2016.