CNOOC-ConocoPhillips FPSO hull complete

China National Offshore Oil Co. Ltd. (CNOOC) has completed the hull of the country's largest floating production, storage, and offloading unit.

May 1, 2007

Eric Watkins
Senior Correspondent

LOS ANGELES, May 1 -- China National Offshore Oil Co. Ltd. (CNOOC) has completed the hull of the country's largest floating production, storage, and offloading unit.

The FPSO—called Offshore Oil 117—is a joint venture of CNOOC and ConocoPhillips China Inc. It can store 2 million bbl of crude and can process more than 190,000 b/d.

The finished hull will be shipped to Singapore from Shanghai for completion of the unit's topsides before being deployed by the end of 2008 to the Penglai 19-3 project in China's Bohai Sea.

The second phase of Penglai 19-3 is expected to go into production at yearend 2008 and produce 180,000 boe/d of oil.

Contact Eric Watkins at [email protected].