Aibel has signed the Letter of Intent for the topside procurement and fabrication contract for the P-74 project with client Estaleiros do Brasil (EBR). Aibel will build five modules for the P-74 Floating Production Storage and Offloading (FPSO) with an overall weight of 4,750t. The Letter of Intent represents approximately 1.2M man-hours for Aibel and its sub-contractors. The project activities, which will be executed at Aibel’s offices in Singapore and Thailand, start immediately with first steel cut in October. The final module will be loaded out end of August in 2014.
Aibel’s client, EBR, is a joint venture between Toyo Engineering and SoG – Oleo e Gas. Petrobras is the end client. The FPSO will operate in Brazilian waters.
Aibel is a leading service company within the oil and gas industry and is established in renewable energy. The company’s close to 6,000 employees in Norway and abroad are engaged onshore and offshore. With eight locations in Norway, the company is located near the customers. In addition to operations in Norway, Aibel is also located in Thailand, Singapore, United Kingdom, Denmark and Egypt. “We are very pleased to have established a good relationship with a new client,” says Nick Routledge, VP Field Development South East Asia.