South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (DSME) has successfully delivered its floating production storage and offloading (FPSO) vessel to Japan-based Inpex Corporation on schedule, a move that would help the financially-troubled shipbuilder to be better off this year.
According to DSME on Thursday, it has handed over Ichthys FPSO to Japan’s largest oil and gas explorer and producer Inpex that placed the order at about 3 trillion won ($2.7 billion) in 2012.
With the sailing away of the latest FPSO, DSME has successfully delivered four out of five offshore platforms due this year. The shipbuilder is expected to deliver one more drill ship on schedule by October.
The 336-meter-long and 59-meter-wide Ichthys FPSO weighs 150,000 tons and can store up to 1.2 million barrels of condensate, which is an ultra-light oil produced in the process of developing natural gas. The oil is used as raw material to produce lamp oil, propane, butane, and naphtha. The offshore plant can also produce up to 80,000 barrels of condensate on a daily basis as well as 2.6 million cubic meters of natural gas.
The Original Posted By Moon Ji-woong/Maeil News Korea