Dubai: Drydocks World announced that it has been awarded a conversion contract, estimated at $13 million (Dh47.8 million) by BW Offshore, one of the world's leading contractors.
The vessel, BW Carmen, which has been renamed BW Athena was built in 1994 and converted to an FPSO in 1999. The vessel arrived at the yard recently.
Under the agreement with BW Offshore, Drydocks World’s scope of work includes lengthening of the vessel and fabrication and installation of a new section for the Submerged Turret Production (STP) system.
All associated piping and electrical modification, module and crane installation and topside repair will be carried out at Dubai shipyard.
Khamis Juma Buamim, Chairman Drydocks and Maritime World, said: “We have made a name for ourselves in the vessel conversion market and have supported the oil and gas industry with a diverse range of projects, primarily FPSO and FSOs of varying scope and scale suited to industry needs. The contract is a testament to our growing technical capabilities and effective project management skills. We are certain that our growing portfolio of projects from world leading industry players will enhance our clout in this vital sector.”
Buamim added that "Drydocks World is positive about the future. We are armed with a solid business strategy that takes into account changing trends in the maritime industry."
Currently, two projects, including conversion of Betatank II to Firenze FPSO and LNG Golar Frost into FSRU Toscana are underway at the Dubai yard.
About Drydocks World
Drydocks World, is one of the most prominent names in the maritime industry. Over the past 25 years, Drydocks World has established itself as a leading, and fast growing international player in ship repair, shipbuilding, rig building, FPSO conversion, offshore fabrication and fleet operations with facilities in the Middle East and Southeast Asia.
Drydocks World's flagship facility, Drydocks World - Dubai is the largest, cutting edge ship repair, conversion and new building facility between Europe and the Far East.
In Southeast Asia, Drydocks World unites leading expertise at the world’s crossroads of busiest shipping lanes, and close proximity to major offshore oil and gas field developments in Singapore and Batam Island, Indonesia.
Diverse marine activities are focused in four shipyards, namely: Singapore, Graha, Nanindah and Pertama. Collectively these encompass 29 building berths, 8 floating docks, and a specialised rig building yard.
