(LEAD) Samsung Heavy wins US$963-mln deal for FPSO
(ATTN: ADDS more info in 3rd para)
SEOUL, April 22 (Yonhap) -- Samsung Heavy Industries Co., a major South Korean shipbuilder, said Monday it has clinched a 1.1-trillion-won (US$963 million) deal to build an offshore oil storage facility.
In a regulatory filing, the shipbuilder said that it will deliver a floating production and storage offloading (FPSO) unit for an Asian firm by March, 2022. The FPSO will be constructed at its main shipyard in Geoje, some 330 kilometers south of Seoul, the company added.
Although Samsung Heavy didn't announce the name of the Asian customer, industry sources said that its FPSO will be used for Indian energy giant Reliance Industries' MJ deep-water gas and condensate project off India's east coast.
The FPSO is designed to process and store oil or natural gas, and can be maneuvered to serve different locations.
Samsung Heavy has, so far this year, won deals valued at $2.3 billion, including orders for seven LNG carriers.
kdon@yna.co.kr
(END)
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
(URGENT) Russian, Chinese warplanes enter S. Korea's air defense zone without notice: JCS
-
Multiple Russian, Chinese warplanes enter KADIZ without notice: JCS
-
(LEAD) At least 8 injured in S-Oil refinery explosion in Ulsan: firefighters
-
Hyundai Motor to invest US$5 bln in U.S. for robotics, autonomous driving development
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
(5th LD) Yoon, Biden agree to expand joint military exercises to cope with N.K. threats
-
(LEAD) Multiple Russian, Chinese warplanes enter KADIZ without notice: JCS
-
(LEAD) At least 8 injured in S-Oil refinery explosion in Ulsan: firefighters
-
(LEAD) Biden set to arrive in S. Korea for first summit with Yoon
-
Multiple Russian, Chinese warplanes enter KADIZ without notice: JCS
-
(URGENT) Russian, Chinese warplanes enter S. Korea's air defense zone without notice: JCS
-
Premier League Golden Boot winner Son Heung-min receives hero's welcome home
-
(LEAD) Multiple Russian, Chinese warplanes enter KADIZ without notice: JCS
-
N. Korea fires ballistic missile eastward: S. Korean military