The final contract award hinges on Shell and partners sanctioning the project. Ltd. has won a contract from Shell Offshore Inc. to build and integrate the topside and hull of a floating production unit (FPU) for the Whale field in the Gulf of Mexico (GoM) on Nov. 1. This decision sets in motion the construction and fabrication of a new, simplified host design and subsea infrastructure, Shell said in a statement on Tuesday. Mechanical Completion Manager of Shell Vito Sembcorp Marine Ltd July 2019 – Present 3 months. Building on Shell’s history of leadership in the Gulf of Mexico, Vito will be Shell’s 11th deep-water project in the area. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. The FPU is slated for … Vito is a deep-water development in the U.S. Gulf of Mexico for which Shell in April made a Final Investment Decision, with the break-even price estimated to be less than $35 per barrel. The final contract award hinges on Shell and partners sanctioning the project. Vito will be Shell’s 11th deep-water project in the area. Average peak production is estimated to reach approximately 100,000 barrels of oil equivalent per day. Mechanical Completion Manager of Shell Vito Sembcorp Marine Ltd July 2019 – Present 3 months. It has secured both the fabrication and integration contracts for the project, beating its Korean and Chinese competition. Shell Vito and also Technip Karish FPSO. Likewise Karish hull coming from China to megayard for integration. Offshore staff. William Gu, Sembcorp Marine Senior Vice President and Head of Rigs & Floaters, said: “We are delighted that Shell has awarded the Vito FPU contract to us. Vito will be Shell’s 11th deepwater host in the GOM. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. SCM winning all the projects from Korea last 2-3 yrs. It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp Marine’s Tuas Boulevard Yard. Project management and engineering will take place in Houston, and Subsea 7’s Glasgow-based Pipeline Group will provide assistance. In May 2019, Sembcorp Marine won a construction and integration contract from Shell for the Vito semi-submersible FPU. If the project moves forward, the Vito FPU will be a new facility located in the Mississippi Canyon, approximately 150 miles south of New Orleans, Louisiana, USA, in water depth of 4,050 ft. “We are very grateful to Shell for recognising our yard capabilities and entrusting us with the Whale FPU project, which comes after our successful bid for the Shell Vito FPU last year,” Sembcorp Marine Head of Rigs & Floaters William Gu said. According to an announcement, Sembmarine will be in charge of the construction of the hull and the topside and the integration of the FPU. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. No formal value was provided in the reports but total contract value is estimated at US$1.25 billion (S$1.7 billion). Currently, Sembcorp is building Shell Vito FPU at its Tuas Boulevard Yard in Singapore. The companies awarded by MEA get the opportunity to work closely together with a transnational team of Marine Energy experts on both the technical advancement of their technology, as well as the development of their commercial strategy and business plans. Read more about Vito Read More Singapore, Nov 1, 2019 – Sembcorp Marine Rigs & Floaters Pte. It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp Marine’s Tuas Boulevard Yard, the builder said. Read More Sembcorp Marine Ltd( SHELL VITO Project ) Apr 2020 - Present 10 months. They included the two Transocean drill ships, the Shell Vito floating production unit (FPU), the Johan Castberg floating production, storage and offloading vessel (FPSO) and the Karish FPSO projects. Shell Vito believed worth more than $1B. The agreement is subject to final investment decision for the full Whale project, expected to be made next year by Shell. Group turnover for 4Q 2019 was at $624 million with percentage recognition from drill ship & floater projects, mainly the two Transocean drill ships, Shell Vito, Johan Castberg and the Karish FPSO newbuilds. Other than the Whale and Vito FPUs, Sembcorp Marine’s project track record in the Gulf of Mexico includes previous deliveries of eight semi-submersible drilling rigs and one semi-submersible hull. The deepwater oilfield is jointly owned by Shell Offshore (63.11%) and Equinor (formerly Statoil, 36.89%), and operated by Shell Offshore. Sembcorp Marine (SMM SP) - UOB Kay Hian 2017-10-23: Emerges Victorious For Vito Project. Supported by the Vito FPU’s 4-column semi-submersible hull, the topsides weigh 9,200 tonnes and are designed to produce 100,000 bpd of oil and 100 MMSCFD of gas. This contract includes installation of Shell-furnished equipment, and follows aletter of intent between the two parties announced on Dec. 5, 2017. It is currently scheduled to begin producing oil in 2021. Shell Vito believed worth more than $1B. Each service offer is intended to put the company’s technology and business firmly on the […], Shell extends topside maintenance deal with Dayang, TMC to supply topside compressors for Shell’s Bonga FPSO, Carnival to cut emissions with Shell’s carbon-neutral marine lubricants, Offshore Energy 2020: Matchmaking Programme, Shell awards Vito topsides deal to Sembcorp Marine, Shell in April made a Final Investment Decision. SINGAPORE– Shell Offshore Inc. has commissioned Sembcorp Marine Rigs & Floaters Pte. The Vito host will be located at a water depth of 1,234m in the Mississippi Canyon Block 984 in the Gulf of Mexico, 241km south of New Orleans, Louisiana, in the US. Shell Vito. Vito deepwater oilfield is located 241km south-east of New Orleans, in the Mississippi Canyon area of the Gulf of Mexico, US, in 4,000ft of water depth. The agreement precedes a final investment decision for the full Whale project, expected to be made next year by Shell. In April 2018 Shell announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico with a forward looking break-even price estimated to be less than $35 per barrel. In 2015, Shell began to redesign the Vito project, reducing cost estimates by more than 70% from the original concept. Shell has explained that Vito’s cost savings are due to the simplified design, in addition to working collaboratively with vendors in a variety of areas including well design and completions, subsea, contracting, and topsides design. Sembmarine confirms Shell Vito prize Singapore-based fabricator confirms award of letter of intent for planned Gulf of Mexico project 5 December 2017 9:35 GMT Updated 5 December 2017 9:35 GMT Singapore, 5 December 2017: Sembcorp Marine Ltd (the “Group”) is pleased to announce that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters Pte. SCM winning all the projects from Korea last 2-3 yrs. Air Comfort Group has announced that Sembcorp Marine of Singapore has awarded a contract to Air Comfort Group for the HVAC equipment design and fabrication for the Shell Vito deepwater living quarters, warehouse, and lab. Vito deepwater oilfield is located 241km south-east of New Orleans, in the Mississippi Canyon area of the Gulf of Mexico, US, in 4,000ft of water depth. Sembcorp Marine bags Shell's floating production unit contract An artist's impression of the Whale Floating Production Unit (FPU). It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp Marine’s Tuas Boulevard Yard. Management also appeared to be confident of order pipeline although competition remains stiff. Offshore installation activities are scheduled for 2020 and 2021. The development currently has an estimated, recoverable resource of 300 million boe. Sembcorp Marine, Shell Offshore, Floating Production Unit (FPU), Shell Vito, Vito floating production unit ... Sembcorp Marine secures contract to construct & integrate Shell Offshore's Vito FPU. Ltd. has signed a letter of intent (LoI) with Shell Offshore Inc. for the construction of the hull and topsides as well as the integration of the Vito floating production unit (FPU).. This compares with the $913 million revenue booked in 4Q 2018. Shell, which took a final investment decision (FID) on Vito in 2018, … The completed FPU topside will then be raised and attached to a 51-metre tall hull, using a pair of gantry cranes that can lift up to 30,000 tonnes. It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp Marine’s Tuas Boulevard Yard. 23 May 2018 Singapore’s Sembcorp Marine Ltd has won a contract by Shell to construct and integrate the hull, topsides and living quarters of the Vito semi-submersible Floating Production Unit (FPU). The Whale FPU comprises a topside module and a four-column semi-submersible floating hull, with a combined weight of 25,000 tonnes. Ltd. has signed a Letter of Intent (LOI) with Shell Offshore Inc. (“Shell”) for the construction of the hull and topside as well as the integration of the Vito floating production unit (FPU). It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp Marine’s Tuas Boulevard Yard, the builder said. “We are delighted that Shell has awarded the Vito FPU contract to us. This contract paves the way for the Whale project to move ahead and take advantage of synergies from the ongoing Shell Vito semi, currently under construction at Sembcorp … The deepwater oilfield is jointly owned by Shell Offshore (63.11%) and Equinor (formerly Statoil, 36.89%), and operated by Shell Offshore. The agreement precedes a final investment decision (FID) for the full Whale project, expected to be made next year by Shell. Sembcorp on Monday shared that the Vito contract covers installation of Shell-furnished equipment, and follows a Letter of Intent between the two parties announced on December 5, 2017. Whale FPU will take advantage of synergies from ongoing Shell Vito FPU project secured last year; Topside and hull will be delivered in 2022 from Tuas Boulevard Yard as a single integrated structure, facilitated by the yard’s 30,000-tonne lifting capacity Sembcorp Marine Rigs & Floaters Pte. Key takeaway from briefing: Shell Vito project’s margin could be as good as repair/conversion (c.15%) as equipment are supplied by the owners. Shell Invests in the Vito Development in the Gulf of Mexico On April 24, 2018, Shell announced the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35 per barrel*. Whale FPU will take advantage of synergies from ongoing Shell Vito FPU project secured last year; Topside and hull will be delivered in 2022 from Tuas Boulevard Yard as a single integrated structure, facilitated by the yard’s 30,000-tonne lifting capacity Sembcorp Marine Rigs & Floaters Pte. It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU, currently under construction at Sembcorp Marine's Tuas Boulevard Yard. The Vito development is owned by Shell Offshore (63.11% operator) and Equinor USA E&P Inc. (36.89%). The agreement precedes a final investment decision (FID) for the full Whale project, expected to be made next year by Shell. We are fully committed to executing and delivering the project safely and efficiently.”. contract is dependent on Shell and its partners sanctioning the project. Other than the Whale and Vito FPUs, Sembcorp Marine’s project track record in the Gulf of Mexico includes previous deliveries of eight semi-submersible drilling rigs and one semi-submersible hull. Average peak production is estimated to reach approximately 100,000 barrels of oil equivalent per day. Vito will be Shell’s 11th deepwater host in the GOM. Royal Dutch Shell’s subsidiary Shell Offshore operates the Vito deepwater project and holds a majority working interest of 63.11%, while the remaining 36.89% interest is held by Statoil USA E&P, a subsidiary of Statoil. Sembcorp Marine (SMM SP) - UOB Kay Hian 2017-10-23: Emerges Victorious For Vito Project. Vito. Offshore staff. 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