Drydocks World, a subsidiary of DP World, and Aker Solutions have partnered to upgrade a floating production storage and offloading (FPSO) vessel.
The first contract signed by the joint venture was with Altera Infrastructure, a global energy infrastructure services group, to upgrade, refurbish, and electrify the FPSO Petrojarl Knarr.
According to DP World’s latest statement, the upgrades will allow the vessel to operate UK’s Rosebank oil and gas field for 25 years without the need for drydocking.
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Aker Solutions will be responsible for the detailed design and procurement of equipment in Norway, while Drydocks World will take charge of the fabrication and construction work at their yard in Dubai.
The Petrojarl Knarr is currently located at the Aker Solutions yard in Norway and is scheduled to be towed to Dubai later this year.
The engineering, procurement, and construction work is expected to be completed by the end of 2025.
“This joint venture between Drydocks World and Aker Solutions will deliver world-class maritime engineering and construction solutions to the global energy industry,” said DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem.
“The sector needs smart, collaborative partnerships like this to ensure sustainable production and to successfully transition equipment and vessels for the future.”
DP World just won a major concession to develop, operate, and maintain the mega-container terminal at India’s Deendayal port in Gujarat.
The contract was awarded by the Deendayal Port Authority on a Build-Operate-Transfer (BOT) basis.