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32Maritime Reporter & Engineering News FEATURE THE SHIPYARD EDITION ingapore?s Jurong Shipyard Ltd (JSL), a wholly-owned subsidiary of SembCorpMarine, has delivered sev- eral jack-ups. One such rig, the West Elara, was built to meet stringent Norwe- gian NORSOK standards for operationsin the North Sea. The rig has secured a five-year contract from energy company Statoil for deployment to the Norwegian Continental Shelf ? an area which re-quires strict compliance to high standardsof health, safety and environment. The rig will be the sixth drilling unitconstructed by Jurong Shipyard in Sead- rill?s fleet, following three Friede & Goldman (F&G) ultra-deepwater semi- submersibles (West Sirius and West Tau- rus delivered in 2008 as well as West Orion delivered in 2010), a Moss Mar- itime CS50 MK II semi-submersible(West Pegasus delivered in April 2011), and West Cressida (ex-PetroJack IV), a Pacific Class 375 jack-up rig acquired by Seadrill in 2010.Representing a major milestone for Ju-rong Shipyard, West Elara is the yard?s first harsh-environment high-specifica- tion jack-up newbuild and the largest of its kind to be constructed by the yard. The Gusto MSC CJ70 150A design rig was built to drill to depths of 10,670 meters in water depths of up to 150 meters, with a higher variable deck load and a higher operating efficiency compared to previ- ous jack-up generations. The rig?s ultra- large size also allows for additional opportunities within areas like logistics, well testing and early production. SembCorp Marine has also secured acontract Limited (PTTEPI), Yangon Branch, for engineering, procurement,construction, transportation and installa-tion of an integrated Processing and Liv- ing Q be installed at a water depth of 150 meters in Block M9 in the Andaman Sea offshore Myanmar. The new platform, featuring a 15,000- metric-ton topside ? integrated with a 128-man living quarters module, jacket with piles and a 100-meter flare boom ?is bridged linked to a Wellhead platform. Construction is expected to commence in October 2011 with offshore completion scheduled for November 2013. The top- side will be installed using the floatmethodology. JSL has also recently secured a S$20million (almost $16.6 million) contractfrom Golar LNG Energy to convert the LNG tanker Khannur, a LNG tanker, to a Floating Storage and Regasification Unit (FSRU) to be renamed West Java FSRU. The 126,360 cu. m. LNG tanker, which arrived in JSL recently, will be converted into a FSRU capable of producing 500 MCFD (million cubic feet/day) of gas, with a regasification capacity of approx- imately 3.8 MTPA (million metric tons/annum).The West Java FSRU represents Golar?s fourth FSRU project for PT Nusantara Regas, a joint venture between Pertamina and PGN. On conversion completion, the vessel will be installed 15 kms offshore Muara Karang, Jakarta Bay, in Indonesia, where she is contracted to operate untilthe end of 2022, with provision for fur- ther automatic extension options to 2025 subject to certain contract conditions. The West Java FSRU project will be Indone- sia?s first LNG regasification terminal and represents the first FSRU project in Asia. This is the first contract of its kind for JSL. The current plans for JSL to build a new ?super yard? in Singapore are being carried out well ahead of schedule, with two graving docks of 350 m x 66 m and 410 m x 66 m ex-pected to open in 2012, and two more of 350 m x 66 m and 360 m x 89 mslated to open the following year. Thesegraving docks, all of which will be able toaccommodate ships up to VLCC/ULCC size, will be complemented by quayside,cranes and workshops. It is expected that, if the market allows, the Tanjong Kling yard will remain open as a newbuilding/repair facility, and even the Shipyard Road shipyard, for which JSL currently has a seven year lease from the Singaporean Government, will also stay operational. However, it is more likely that this older yard will be returned to the Singapore Government ahead of the end of the seven-year lease for re-de- velopment as a container berth. Meanwhile, JSL is also currently in-volved in building a new shipyard in Aracruz, in the Brazilian state of EspiritoSanto. This shipyard is expected to be op- erational in the rig-building, FPSO inte- gration, topsides module fabrication and ship repair and conversion industries. Sembcorp Industries (Sembcorp)posted S$159.9 million (nearly $132.5million) in net profit attributable to share- holders of the company (net profit) for the first quarter of 2011 (1Q2011), an in- crease from last year?s S$158.8 million (over $131.5 million). Profit from Oper- ations grew 5% to S$275 million (almost $227.8 million) from S$262.7 million(over $217.6 million) while turnover stood at S$2 billion (over $1.6 billion) compared to S$2.4 billion (nearly $2 bil-lion) in 1Q2010. In 1Q2011, Utilities? net profit in- creased 4% from S$59.4 million (over $49.2 million) to S$61.5 million (morethan $50.9 million) while Marine?s con- tribution to Group net profit was S$91.8 million (more than $76 million) com-pared to S$91.1 million (almost $75.5million) in 1Q2010. Return on equity(annualized) for the Group was a healthy 15.5% and earnings per share amountedto 9.0 cents for the quarter. Economic value added was a positive S$121 million (more than $100.2 million), while cashand cash equivalents stood at S$3.3 bil- lion (over $2.7 billion). A. ThorpeSingapore ?Super Yard? Coming in 2012At a glanceSembcorp Marine Ltd.Sembcorp Marine Ltd29 Tanjong Kling Road Singapore 628054 Tel: (65) 6265 1766 Fax: (65) 6261 0738Contact: Chua Teck Lian (Jurong Shipyard) Ho Nee Sin (SOME)www.sembcorpmarine.com.sg SThe LNG tanker Khannur to be con-verted to a FSRU at Jurong Shipyard. MR Aug. 11 # 4 (25-33):MR Template 8/5/2011 9:15 AM Page 32