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.

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