Huge FPSO ordered for China offshore field - March 06, 2005

Providing coverage of Alaska and northern Canada's oil and gas industryMarch 2005

Vol. 10, No. 10

Week of March 06, 2005

Huge FPSO ordered for China offshore field

Allen Baker

ConocoPhillips and CNOOC Ltd. have ordered a huge floating production, storage and offloading vessel for the PengLai oil fields in Bohai Bay off China’s northeast. It is expected to cost more than $200 million.

The 280,000-tonne unit will be the largest such hull ever built in China. It will be more than a thousand feet long and nearly 200 feet wide, with storage for about 2 million barrels of crude. The facility will be able to process 190,000 barrels of oil and handle 510,000 barrels of fluids daily. It is scheduled to go into service by the end of 2008. The new FPSO will be built by a subsidiary of China State Shipbuilding Corp. Topside modules are already being fabricated in Singapore.

The unit will be placed on Block 11/05 in Bohai Bay. It will serve the second phase of China’s largest offshore field, PengLai 19-3, which went into production in December 2002. The second phase is planned to have five wellhead platforms, central processing facilities, and the new FPSO.

CNOOC has a 51 percent working interest in the field. ConocoPhillips has 49 percent.

Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.