OSG Delivers First FSO to Al Shaheen Oil Field

On January 4, 2010, Overseas Shipholding Group delivered the FSO Asia, a 432,023 dwt Floating Storage and Offloading (FSO) service vessel, to the Al Shaheen oil field offshore Qatar. The FSO was successfully hooked-up and has commenced operations for Maersk Oil Qatar AS (MOQ). The vessel is jointly owned by OSG and Euronav N.V. (Euronext Brussels: EURN).

Located in the Persian Gulf in waters measuring from 164 to 230 feet (50 to 70 meters) deep, the Al Shaheen oil and gas field is situated 50 miles (80 kilometers) off the coast of Qatar on Block 5 and the Block 5 Extension.

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