Jurong building foothold in Brazil

08 Feb 2010

The Singapore shipbuilder Jurong Shipyard (JSPL), a subsidiary of Sembcorp Marine, will be building a new shipyard in Brazil to cater directly to one of the fastest growing offshore oil and gas exploration and production markets in the world.

A freehold land area of 825,000m² with 1.6km of coastline in the State of Espirito Santo, in Brazil, has been acquired and will be developed as a shipyard. Located in the Municipal of Aracruz, the site is about 80km by road north of Vitoria and is strategically located close to the offshore Espirito Santo Basin. Jurong says that this is one of the recently discovered giant pre-salt oil basins of Brazil, making it a location well suited to support the country’s oil and gas activities.

The investment in the new shipyard is in line with Sembcorp Marine’s global hub strategy and it reinforces the Group’s commitment to forging a strategic foothold in Brazil to grow its offshore oil and gas businesses. Wong Weng Sun, President and CEO of Sembcorp Marine said “We have been a key player in Brazil’s oil and gas construction industry since 1997, having delivered to-date a total of 11 units of oil and gas exploration, production and storage platforms for Brazilian oilfields. These platforms produce more than half of Petrobras’ daily 2 million barrels of oil output, thus effectively making JSPL the main contractor to Petrobras.”

Engineering design for the new shipyard has commenced, with development and construction works to be undertaken in stages. On completion, the shipyard will include a drydock, slipways, berthing quays and ancillary steel and piping facilities. It will be capable of drillships construction, building of semi-submersible rigs, undertaking FPSO integration, fabrication of topside modules and PSVs construction, in addition to the traditional activities of drilling rig repairs, ship repairs and modification works.

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