South Korea: DSME Secures USD 2 Bln FPSO Order

Daewoo Shipbuilding & Marine Engineering, one of the world’s leading shipbuilders, has secured USD 2 billion order for the construction of one FPSO (Floating Production Storage and Offloading) vessel. The order comes from Japan’s top oil and gas explorer Inpex Corporation.

The delivery of the vessel is scheduled for April 2016. This FPSO will operate in the Browse Basin as a part of Inpex’s Ichthys project offshore Western Australia.

Daewoo Shipbuilding & Marine Engineering, established in 1973 and restructured as an independent company in October 2000 at Okpo Bay, Geoje Island, on the southeastern tip of the Korean Peninsula, has developed into the world’s premium specialized shipbuilding and offshore contractor that builds various vessels, offshore platforms, drilling rigs, floating oil production units, submarines, and destroyers. The company employs approximately 1,500 design and R&D personnel with prolific experience, and more than 15,000 skilled workers.

DSME has both shipbuilding and offshore engineering businesses in its shipyards. The company’s 900-ton goliath cranes and dry docks that are capable of building hulls of up to 12 m in width provide optimal conditions to build floating offshore plant products such as FPSOs and FPUs. Utilizing extensive plant, submarine, and battle ship building technology, the upper and lower portions of a floating plant facility are made in the streamlined production lines and then loaded by a large crane to complete the facility. On top of this, underwater exploration technology and relevant marine analysis technology provide the solid technological foundation.

Shipbuilding Tribune Staff, March 8, 2012;

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Posted on March 8, 2012

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The time is ripe for sustainable solutions which are both financially feasible and ecologically responsible.

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