Sembcorp Marine said its Brazilian unit, Estaleiro Jurong Aracruz Ltda (EJA), has secured hull carry over works worth about US$145 million.
The contract was awarded by Tupi BV, a consortium formed of Petrobras, Shell and Galp Energia, for the FPSO P-68 Tupi project.
Tupi B.V. had in 2012 awarded EJA the contract for the modules construction and integration of FPSO P-68. The contract was for the construction of a total of 8 modules and module integration works on two FPSOs, which will be deployed on Petrobras' Lula field, formerly known as Tupi.
The P-68 floating, production, storage, and offloading unit will have a daily processing capacity of 150,000 barrels of oil and six million cubic meters of gas. It will be able to store up to 1.6 million barrels of oil per day.
After integration, the FPSO unit will be transported to the Santos Basin, off the coast of São Paulo.
Sembcorp Marine said it expects a positive contribution to its earnings from the contract.
However, the contract is not expected to have any material impact on the net tangible assets and earnings per share of the company for the year ending December 31, the company said in a regulatory filing.
Shares in Sembcorp Marine rose 1 percent to S$1.59 on the Singapore Exchange. The stock has gained 15 percent so far this year, giving it a market value of S$3.3 billion.