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Sembcorp inks LOI for Shell's Vito development

Written by  Karen Boman Tuesday, 05 December 2017 08:44

Sembcorp Marine and Shell have signed a letter of intent for Sembcorp to construct the hull and topside for Shell’s Vito floating production unit (FPU).

Sembcorp Marine subsidiary Sembcorp Marine Rigs & Floaters also will handle integration of the FPU, which will be deployed in the Mississippi Canyon area of the Gulf of Mexico, approximately 150mi south of New Orleans, La., in 4050ft of water.

Vito will be comprised of a single topside module supported by a four-column semisubmersible floating hull, and have throughput capacity of 100,000 bo/d and 100 MMscf/d.

The final contract award hinges on Shell and partners sanctioning the project.

Vito is a potential new hub for the Gulf of Mexico region, Shell reported earlier this year. Shell’s Vito development is among projects in the $250 million to $500 million range that TechnipFMC expects to see contract awards for the remainder of this year and throughout 2018.

Shell, the operator of Vito with 63.1% interest, and partner Statoil (36.9%), remain committed to progressing the Vito development towards a final investment decision in 2018, a company spokesperson told OE. The Vito field was discovered in 2009, 12mi from the Shell-operated Mars tension leg platform. Vito is located over Mississippi Canyon Blocks 940, 941, 984 and 985, and is a 1000ft Miocene turbidite reservoir. Shell plans to use Vito as a production facility to accommodate approximately 300MMboe or more.

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