New shipyard in Brazil

Strategic location
A freehold land area of 825 000 m² with 1.6 km of coastline in the State of Espirito Santo in Brazil has been acquired and will be developed as a shipyard. Located in the Municipal of Aracruz, the site is approximately 80 km north of Vitoria, the capital of Espirito Santo State, which is the second largest producer of oil in Brazil. The site is strategically located close to the offshore Espirito Santo Basin, which is one of the recently discovered giant pre-salt oil basins of Brazil, making it an ideal location to support the country’s oil and gas activities.

Ownership structure
Sembcorp Marine, through Jurong Shipyard, will own 100% of Jurong Netherlands BV. The company will in turn fully own a locally incorporated Brazilian company, Estaleiro Jurong Aracruz Ltda (EJA), which will own the shipyard. Jurong do Brasil Prestacao de Services Ltda, another company incorporated in Brazil and owned by Jurong Netherlands B.V, will undertake marine and offshore services in Brazil.

Development plans
Engineering design for the new shipyard has commenced, with development and construction works to be undertaken in stages. On completion, the shipyard will be equipped with state of the art facilities, including a drydock, slipways, berthing quays and ancillary steel and piping facilities. It will be capable of drill ships construction, building of semisubmersible rigs, undertaking FPSO integration, fabrication of topside modules and PSVs construction, in addition to the traditional activities of drilling rig repairs, ship repairs and modification works. Details of the shipyard and the CAPEX plans will be announced separately.

Published on 12/02/2010

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