SHI constructs world's largest FPSO facility

abarrelfullabarrelfull wrote on 07 Jan 2013 12:41

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Samsung Heavy Industries(SHI) christened another FPSO (Floating Production, Storage & Offloading) facility for oil and gas at its Geoje shipyard on April 24.

The FPSO facility was christened "Bonga" by the first lady of Nigeria, Mrs. Stella Obasanjo. The order for the ocean development facility was placed by Shell consortium of Nigeria in May 2000 for US$125 million. The facility is scheduled to be operating 120km southeast of the Nigerian coast to develop 220,000 barrels of oil and 150 million cubic feet of gas per day. With a storage capacity of 2 million barrels, it is the world's largest mobile oil and gas development facility.

With its strengths in oil development facilities, SHI delivered a total of 19 ocean development facilities including deep sea oil drilling ships, until 2001, and FPSOs, FSOs, shuttle tankers and other oil development ships are currently under construction at SHI.

In March, 2002, SHI received an order worth US$140 million for an FPSO to be operating in northeastern shore of Canada, and expects to receive a total of US$500 million in orders by the end of the year.

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