Daewoo Shipbuilding builds world's largest offshore facility

SEOUL, Jan. 12 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co., South
Korea's No. 2 shipbuilder, said Wednesday it has completed construction of the
world's largest offshore platform.
The so-called floating production storage and offloading unit (FPSO) is designed
to receive, process and store oil or natural gas and can be maneuvered to serve
different locations.
The 120,000 deadweight-ton vessel, measuring 325 meters long and 61 meters wide,
will be able to process 220,000 barrels of oil, or 4.4 million cubic meters of
gas a day, and store up to 1.9 million barrels of crude oil.
The FPSO, christened as "Pazflor," will be deployed in August for the Clov
project in Angola.
In 2007, Daewoo Shipbuilding won a 2.6 trillion won (US$2.32 billion) deal from
Total SA of France to build the FPSO.
Total, Europe's third-largest oil producer, is seeking to push ahead with the
Clov project in Angola, which calls for the development of a four-field cluster
on the northwest sector of the African country's offshore block 17.



sam@yna.co.kr
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