Sembcorp Marine wins US$674m building contract in Brazil

SINGAPORE: Singapore's Sembcorp Marine's unit, Jurong Do Brazil, has secured a US$674 million contract to build offshore modules in the Tupi oil field off the coast of Brazil.

The contract, placed by a consortium controlled by state-owned Petrobras, involves the construction of modules and associated equipment for two floating production and storage vessels.

The work is scheduled for completion in 60 months.

Each vessel will have a production capacity of 150,000 barrels of oil a day.