2 May 2007 - 13:56
  • News Code: 103713

China National Offshore Oil Co. Ltd. (CNOOC) has completed the hull of the country"s largest floating production, storage, and offloading unit.

The FPSO—called Offshore Oil 117—is a joint venture of CNOOC and ConocoPhillips China Inc. It can store 2 million bbl of crude and can process more than 190,000 b/d.


The finished hull will be shipped to Singapore from Shanghai for completion of the unit"s topsides before being deployed by the end of 2008 to the Penglai 19-3 project in China"s Bohai Sea.


The second phase of Penglai 19-3 is expected to go into production at yearend 2008 and produce 180,000 boe/d of oil.



News Code 103713

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