Texaco Uk News

IZAR Lands FPSO Order

IZAR has been awarded a contract to build a 900,000bb FPSO (Floating, Production, Storage and Offloading) unit for Belgium's company Exmar Offshore. The unit is scheduled to be delivered at the end of January 2003 and is intended to be operated by Exmar at the Aquitaine field, in the Mediterranean sea, off Libya. The design is characterized by moderate dimensions such as 210.6 m length, 44 m breadth, 23 m depth and 16.5 m design draft if, compared to its huge 900,000bb storage capacity. This newbuilding will actually be the largest ever delivered by the Spanish builder in terms of capacity despite having constructed several large FPSO units in the past…