Eni's Goliat FPSO Leaves HHI's Ulsan Yard in South Korea for the North Sea

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, reported Friday that Goliat FPSO, the world’s largest cylindrical floating production storage and offloading facility (FPSO) ordered by Eni Norge, sailed away from its yard in South Korea.

The 64,000 ton cylindrical floater, measuring 367 feet (112 meters) in diameter and 246 feet (75 meters) in height, is designed to store one million barrels of crude oil per day. The FPSO will be installed in the Goliat field in the Barents Sea, approximately 53 miles (85 kilometers) northwest of Hammerfest, with start-up expected by mid-2015.

The design and manufacture of the project strictly complied with the NORSOK standards. The FPSO features a cylindrical shape designed to withstand harsh sea conditions.

With the 1,608-foot (490-meter) -long H-Dock, specifically designed to build mega-sized offshore facilities and the two 1,600 ton gantry cranes at its Ulsan offshore yard, HHI has built nine over-two-million-barrel FPSOs to date accounting for more than 60 percent of the world’s market share.