SMOE, a wholly-owned subsidiary of Sembcorp Marine, has received a contract worth SGD900m ($726m) from Norway-based Det norske oljeselskap, to build Process, Drilling and Quarters Platform (pdQ) Topsides for the Ivar Aasen development in the North Sea.
Under the engineering, procurement and construction contract, SMOE will work with its engineering partner Wood Group Mustang to complete the project.
As part of the project, facilities on the 13,700 ton topsides, which will be integrated with a 70-men Living Quarters module cum helideck, will include modules for process, gas compression, separation, water injection, flare boom, metering, and utilities.
Located west of the Johan Sverdrup-field in the Norwegian Continental Shelf, at water depths of 112m and 180km west of Stavanger, the Ivar Aasen project is expected to contain about 150 million barrels of oil equivalent.
Construction of the platform is slated to begin in December 2013, sail-away scheduled in March 2016, while first oil is expected in the fourth quarter of 2016.
An offshore engineering and construction company, SMOE constructs offshore fixed platforms, floating production systems, specialised modules and modularisation of onshore LNG plants.