Singapore’s Keppel Offshore & Marine is on track to deliver a floating production storage and offloading (FPSO) vessel to BW Offshore, an FPSO operator based in Singapore and Norway.
Upon its completion, the FPSO - BW Catcher - will be on a seven-year fixed term and 18 years of options contract with Premier Oil and will be deployed to the Catcher field located in central North Sea, UK.
Keppel Shipyard's work scope on the FPSO includes the installation and integration of topside modules. It is scheduled for sail away from the shipyard in the next few months and is on track to achieve its first oil in 2017.
Carl Arnet, CEO of BW Offshore said, "Having worked together on eleven other projects previously, Keppel has proven to be a reliable partner. We are confident that the FPSO will perform well in the Catcher field and bolster the oil output in the North Sea."
BW Catcher has an oil storage capacity of 650,000 bbl, with a processing capacity of 60,000 bbl/d. It has a design life of 20 years without dry docking and will be moored using a submerged turret production at an average water depth of 90m.
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