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August 25, 2010

Daewoo Secures FPSO Contract

Daewoo Shipbuilding & Marine Engineering (DSME) has signed a $1.81bn contract to build an offshore facility for Total in France. The South Korean shipbuilding company said the facility will have a production capacity of 160,000 barrels of crude oil a day with a storage capacity of up

By cms admin

Daewoo Shipbuilding & Marine Engineering (DSME) has signed a $1.81bn contract to build an offshore facility for Total in France.

The South Korean shipbuilding company said the facility will have a production capacity of 160,000 barrels of crude oil a day with a storage capacity of up to 1.8 million barrels.

The vessel will be delivered by May 2013, according to tradingmarkets.com.

Daewoo will accelerate the development of the Clov project in Angola, which includes a four-field cluster in the north-west sector of the country’s offshore block 17.

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