Domestically Built FPSO Launched in Shanghai

Monday, December 11, 2006
China's first-ever homemade 300,000 tonnage FPSO (floating production storage and offloading) vessel was successfully launched on Dec. 8 in Shanghai. The vessel, produced by Shanghai Waigaoqiao Shipbuilding Co. Ltd., involves a contract value of US$240 million, said to be approximately equivalent to the cost of a giant Airbus A380 airliner. Capable of processing 190,000 barrels of oil per day and storing 2 million tons of oil, the vessel will be used by American oil company ConocoPhillips' phase II oil development in Penglai 19-3, a heavy- crude field in the Bohai Sea. Penglai 19-3 is a joint development project between ConocoPhillips and Chinese offshore oil producer CNOOC. The FPSO vessel is a part of the cooperation project. Source: Xinhua
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

HAL & Kelly Clark in ‘Attorneys Who Matter’ List Again

The Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, recognized Holland America Line and Seabourn’s

Latest Ocean-Going Shipbuilding Orders

Clarkson Hellas notes in its latest 'S&P Weekly Bulletin' shipbuilding orders placed in the dry bulk, tankship, gas carrier and containership sectors, as follows: Dry

MARAD Evaluates Natural Gas v. Conventional Fuel Emissions

The Maritime Administration (MARAD) informs it has released a study that evaluates total fuel cycle emissions for natural gas versus conventional marine fuels.

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1042 sec (10 req/sec)