J. Martens Completes “Hyper Transfer”

“J. Martens Undertakes Prestigious Heavy Lift for World’s Largest FPSO Coversion Project”

Singapore - The first FPSO in the Gulf of Mexico awarded Sembawang Shipyard, a wholly-owned subsidiary of SembCorp Marine, an SGD 88 million (USD 56 million) contract to convert the Ultra Large Crude Carrier, BW Enterprise into an FPSO. The floating production facility will be installed on the Pemex-operated Ku-Maloob-Zaap field in Mexico’s Bay of Campeche, located 105 km northwest of Ciudad del Carmen.

“This module was fabricated in the Arab Gulf and 13,000 dwt J-1600 class m/v Jumbo Javelin (2x 800MT capacity) was chartered for loadout and transportation,” said Martin Runshaug, managing director of J. Martens in Singapore, “In Singapore Asian Herules II (3200MT capacity) was used for single-lift onto FPSO for direct installation.”

Bergesen Worldwide Offshore, a unit of the Bergesen Worldwide Group, will own and operate the FPSO Berge Carmen under a 15-year term agreement with Pemex.

Sembawang’s contracted workscope includes conversion of the 360,000 dwt tanker into an FPSO capable of handling 600,000 b/d inclusive of 200,000 b/d processing capacity with gas export capability. The shipyard will carry out detailed engineering, procurement of bulk materials, vessel repair and conversion, installation of topsides modules and the internal turret as well as precommissioning work. The vessel’s accommodation module will also be upgraded and refurbished to house up to 110 people.

Martin Runshaug is proud of the job his team did for the project.

“This job was the biggest of its kind ever,” said Runshaug, “It really puts J. Martens on the map. We can all look back on our work with pride as far as this transer went.”

The vessel is scheduled to be delivered to Bergesen in 4Q 2006, followed by installation and first production by April 2007. The FPSO will serve as a production hub and export terminal in the area.

J. Martens is the GPLN member for Singapore and are very well versed in oil and gas industry logistics work.