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New FPSO due in China's Peng Lai field

By OGJ editors

HOUSTON, Mar. 1 -- 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.

The $200-million contract covers the design, partial procurement, and construction of the 310-m long, 60-m wide, and 29-m deep FPSO hull, the biggest ever built in China.

The FPSO topside modules will be made in Singapore. The 35,000-tonne topsides will have a processing capacity of 190,000 bo/d and the ability to handle 510,000 b/d of total fluids.

The FPSO, with onboard storage capacity of 2 million bbl of crude oil, is scheduled for delivery in May 2007. It will go to Block 11/05 in Bohai Bay, where COPC and CNOOC Ltd. are developing China's largest offshore oil field, PL 19-3.

In mid-January, the Chinese government approved the overall development program for PL 19-3 (Phase II) & PL 25-6. Detailed design engineering, procurement, and construction are under way on Phase II development, which in addition to the FPSO will include five wellhead platforms and central processing facilities.

The first wellhead platform of Phase II will be used in production in the first half of 2007. Production through the new FPSO is expected late in 2008 (OGJ Online, Dec.16, 2004).

Production from the first phase of PL 19-3 development began in December 2002 from a single wellhead platform and a leased FPSO.

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