Wednesday, April 18, 2012

Blue Water awarded FPSO project

The Danish transport company is awarded an extensive logistics contract in China and Brazil in connection with construction of FPSO unit - floating production, storage, offloading - to the Oil & Gas sector.

Blue Water Shipping has just been awarded the extremely challenging task of providing logistics for materials and equipment to China and Brazil, where the conversion of the FPSO "Cidade de Ilhabela" will take place over the next two years.

The FPSO is being converted from a tank vessel which is 400 metres long and 70 metres across.

After the conversion, the "Cidade de Ilhabela" will be the world's largest FPSO and will be operating for the Oil & Gas sector off the Brazilian coast.

Blue Water Shipping's client is SBM Offshore, which is the world's leading actor within FPSO construction, production, installation and operation. The company operates a fleet of more than 20 of these special and very costly units worldwide and employs 6,000 people. Blue Water Shipping already enjoys a cooperation with SBM Offshore, and this new agreement is based on the efficient working relationship between the two companies.

The project comprises several thousand shipments and involves Blue Water's offices in Rio de Janeiro, Shanghai, Singapore, Esbjerg, Rotterdam, Aberdeen and Houston. First part of the project takes place in China where the preliminary, basic changes of the tank vessel will be carried out. Subsequently the vessel will sail to SBM's shipyard in Brazil where the final part of the conversion will take place.

The entire conversion project is expected to be completed in 2014, after which the total price for the "Cidade de Ilhabela" will be approx. EUR 3.5 billion.

Blue Water Shipping has profound experience with and know-how on Oil & Gas projects worldwide. In Brazil, Blue Water is presently involved in projects for SBM Offshore, McDermott, Keppel Fels and Odfjell Drilling among others.

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