Lukoil unit awards Keppel Singmarine FSO deal

Eric Watkins
Senior Correspondent

LOS ANGELES, Dec. 15 -- Keppel Singmarine Pte. Ltd., Singapore, has secured an $87.7 million floating container construction contract from Lukoil-NVN Ltd., a subsidiary of Russia's OAO Lukoil, for eventual deployment in the Caspian Sea.

Scheduled for delivery in first quarter 2009, the 28,000-ton, ice-class floating storage and offloading unit is designed to operate in temperatures as cold as �20º C.

The FSO's design includes a forecastle deck structure for single point mooring, double bottom and sides, a habitable deckhouse and cargo oil control station, as well as machinery space and a helipad.

The unit is designed to receive crude oil through the SPM from a stationary production platform, store the oil on board, and offload the oil to shuttle tankers.

Contact Eric Watkins at hippalus@yahoo.com.

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