COSCO Snags FPSO Conversion Contract
COSCO (Dalian) Shipyard Co., Ltd. (being a subsidiary of COSCO Corp.'s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd) has secured a major contract to convert an 18 year old Very Large Crude Carrier (VLCC) tanker, MT "SUNRISE IV," to a Floating Production Storage and Offloading (FPSO) vessel for Mitsui Ocean Development & Engineering Co., Ltd (MODEC).
The conversion contract involves repair and conversion of the vessel to FPSO including topside integration and commissioning. This FPSO is scheduled to be re-delivered in mid 2010. The FPSO is designed to operate for 20 years without dry-docking and it will have a production capacity of 16,000 M3 oil per day, 5,000,000 Nm3 gas per day, and a storage capacity of 1,600,000 barrels of oil.
The FPSO is scheduled to be re-delivered to MODEC around mid 2010 and for deployment in the Petrobras' Tupi Oil Field, near Brazil in water depths of between 2,200 meters and 2,500 meters.
Operates 35 Offshore Rigs
Manages 12 Offshore Rigs
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Company: MODEC International more info
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Company: COSCO Shipyard more info
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