Join our crew and become one of the 110,491 members that receive our newsletter.

Samsung Wins $3 Billion Order For Massive FPSO

Samsung Wins $3 Billion Order For Massive FPSO

Reuters
Total Views: 8
June 13, 2013

reuters logoSEOUL, June 13 (Reuters) – Samsung Heavy Industries Co Ltd said on Thursday its unit, Samsung Heavy Industries Nigeria, won a $3 billion order from an unnamed major oil company to build a floating production, storage and offloading vessel.

Out of the $3 billion order, Samsung Heavy Industries Co will build the hull and some upper parts of the vessel worth 1.955 trillion won ($1.72 billion), the South Korean shipbuilder said in a regulatory filing. The remainder will go to the Nigerian unit.

The vessel will have a storage capacity of 2.3 million barrels, the shipbuilder added. The contract is set to expire by June 2016.

($1 = 1133.6250 Korean won) (Reporting by Joyce Lee; Editing by Matt Driskill)

(c) 2013 Thomson Reuters, Click For Restrictions

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 110,491 members delivered daily straight to your inbox.