Aberdeen oil explorer Siccar Point Energy E&P has awarded Sembcorp Marine the contract to build a FPSO for its Cambo field development.
Singapore-headquartered Sembcorp will carry out the front-end engineering and design (FEED) on a Sevan cylindrical FPSO, or floating floating production, storage and offloading vessel.
The Cambo field, 125km north-west of the Shetland Islands on the UK Continental Shelf and at a depth of 1100m, was discovered in 2002. A successful appraisal well was drilled and flow tested by Siccar Point last summer.
Sevan SSP AS is a wholly owned subsidiary of Sembcorp Marine, having been acquired in 2018. Other FEED work for Cambo is being undertaken by BHGE for wells, subsea and riser systems, and by Genesis for a gas export pipeline.
Shell acquired a 30% working interest stake in the field from Siccar Point in 2018.
Jonathan Roger, CEO of Siccar Point, said: “This is another important milestone for the Cambo project and we look forward to working with our partner Shell as we progress towards formal project sanction next year.”
