MISC in midst of yard audit in China
14 Oct 2020 - Upstream Costs and Technology | Headline Analysis
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Kelvin SamKelvin SamPrincipal Research Analyst

MISC (Malaysia International Shipping Corporation) is still in the process of auditing yards for Mero 3 FPSO vessel modules and hull conversion subcontract scopes.

MISC has a total of six yards from the four consortia shortlisted for the subcontract fabrication scopes. Meanwhile, the electrical scope main subcontractor will audit four of the six yards which expressed interest in fabricating electrical modules including E-house, compressor and power generation, according to sources involved in the tender. The shortlist of four consortia for the entire FPSO subcontract scopes are thought to comprise BOMESC Offshore and Tianjin Xingang Shipyard, Dyna-Mac Singapore with CMHI, CIMC Raffles , and Jutal Offshore and Guangzhou Huangpu Dockyard in China.

It is understood the combined weight of the total 26 modules, comprising eight modules for the electrical scope including E-house, compressor and power generation, is around 32,000 tonnes. Integration works are likely to be carried out in the yard that also carry out the hull conversion scope. The term of the FPSO charter and service agreements is reported to be 22.5 years. The FPSO will be designed to process 180,000 b/d of oil and 12 MMscm/d of gas, starting the first half of 2024.

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