Korea Shipbuilding & Offshore Engineering Confirms $764,5M FPSO Hull Order

brazil-credit-ranimiroadobestock-119848.jpg

Korea Shipbuilding & Offshore Engineering has through its subsidiary Hyundai Heavy Industries secured a ~$764,5 million order for the construction of an FPSO Hull.

In a stock exchange filing on Tuesday, KSOE said it had secured a KRW 854,7 billion. It said its contract partner was Singapore's Keppel Shipyard and that the delivery was for the South American market.

KSOE said the contract date was May 10, 2021. The date corresponds to Keppel Shipyard's announcement on Monday, which said it had won a contract, together with Hyundai Heavy Industries, to deliver an FPSO for Petrobras' Buzios field.

The FPSO, to be named P-78, will have a processing capacity of 180 thousand barrels of oil per day and 7.2 million cubic meters of gas per day. Keppel said that the value of the total order was $2.3 billion.

Hyundai Heavy Industries Co., Ltd. (HHI), will provide the 85,000MT hull and the living quarters for 240 persons.

Keppel O&M will build the topside modules weighing 43,000 metric tonnes (MT) at its shipyards in Singapore, China, and Brazil, as well as undertake the integration and commissioning works of the FPSO.

Upon completion, the FPSO will transit to the Buzios field, where Keppel O&M will carry out the final phase of offshore commissioning works.

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Liquefaction and Regasification Report And Online Database

  • Annual reports -- Our new 150-page report is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
  • Online database -- The online database is updated every day – with information direct from primary sources. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request Free Trial