03/01/2005
--
New FPSO due in China's Peng Lai field
CNOOC Ltd. and ConocoPhillips China Inc. (COPC) have signed a contract with Shanghai Waigaoqiao Shipbuilding, a subsidiary of China State Shipbuilding Corp., for a 280,000-dwt floating, production, storage, and offloading (FPSO) vessel hull for the Peng Lai complex of oil fields in China's Bohai Bay.