Orders for Two FPSO Vessels

Samsung Heavy Industries won orders for two FPSO (Floating Production Storage & Offloading Unit) Ships amounting to $2,5 billion. Samsung announced on November 29 that it succeeded in receiving orders for two FPSO ships amounting to $900 Million and $1,600 Million respectively from the Shell Group and the Phillips Petroleum Company.

The FPSO ship ordered from the Shell Group is capable of producing 120,000 barrels of oils and 100,000,000 cbm of gases per day and storing 1.47million barrels of oils. The FPSO vessel ordered from the Phillips Petroleum Company has length of 246 meters, a width of 54 meters, a depth of 32 meters and is able to produce and store 130,000 cbm of condensate of oils and gases and 95,000 cbm of LPG. The vessels will be delivered by the beginning of 2002 and operate in Nigeria and in Timor Sea respectively.

From Maritime Press – Korea.