The giant floating production, storage and offloading unit for Dana Petroleum’s Western Isles development project in the North Sea has reached Rotterdam following a seven-week trip from China.
The Western Isles FPSO was loaded aboard COSCO Shipping’s new semi-submersible heavy lift ship MV Xin Guang Hua in February following delivery from the Cosco shipyard in China. The FPSO, which has a storage capacity of up to 400,000 barrels of oil, is the first FPSO China has built for a foreign country.
Dana Petroleum’s $2 billion Western Isles Project involves the development two discovered oil fields called Harris and Barra in the Northern North Sea some 160km east of the Shetlands and 12km west of Tern field. The project involves a subsea development of at least five production and four water injection wells tied back to a newbuild FPSO, which will offload directly to shuttle tankers for export.
The MV Xin Guang Hua was built by Guangzhou Shipyard International in China and delivered to its owner COSCO Shipping Heavy Transport in December 2016. With a deadweight of 98,000 tonnes, it is the second-largest semi-submersible heavy lift ship in the world.
By Julian Lee (Bloomberg) Moscow’s use of the tankers sanctioned for their involvement in the Russian oil trade is accelerating, with close to one-third of the blacklisted vessels back at work....
By Gautam Naik (Bloomberg) After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted as recently as Wednesday. Estimates that had...
Oct 8 (Reuters) – Former Amazon.com Consumer CEO Dave Clark said on Tuesday his new software supply chain management startup Auger has raised over $100 million in private equity funding from Oak HC/FT and...
October 8, 2024
Total Views: 1014
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.