Samsung Secures Order to Build World’s Largest FPSO

Samsung Secures Order to Build World's Largest FPSO

Samsung Heavy Industries’ Nigerian subsidiary announces the award of a new order to build an FPSO vessel worth around $3 billion.

The FPSO, being built for an unnamed customer, will become the largest vessel of its kind in the world, and is expected to begin production in 2017.

The vessel will be 330 metres (1,082 feet) long, 61 metres wide and capable of storing up to 2.3 million barrels of oil when completed.

The vessel will be moored offshore Nigeria.

Subsea World News Staff, June 13, 2013;  Image: Samsung

 

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UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

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